San Diego, CA
Longfellow Names New San Diego Head – San Diego Business Journal
SAN DIEGO – Longfellow Real Estate Partners has named a new managing director of the Boston-based company’s San Diego operations.
Peter Fritz replaces Nick Frasco, who was promoted to partner, West Division, where he oversees Longfellow’s growth throughout the Western U.S.
Fritz takes over Longfellow’s San Diego operations at a time when the life science real estate market is coming off a slow year.
San Diego Managing Director
Longfellow Real Estate Partners
“It’s no secret that the last 18 months have been tough,” Fritz said.
Vacancy rates for life science space in San Diego had risen to a countywide average of 12.4% at the end of 2023, with the vacancy rate reaching 28.5% in Sorrento Valley, according to Cushman & Wakefield.
The commercial real estate brokerage projected that “the significant decline in venture capital investment, layoffs from large life science users, and the absence of banks wiling to fund development loans will temper development.”
Even so, Fritz said that “our portfolio is stabilized with high occupancy.”
Strong Ecosystem of Life Science Buildings
When Longfellow entered the San Diego market in November 2018, the company went on a buying spree, scooping up office property and converting it to life science.
According to the company’s website, Longfellow has a San Diego portfolio of more than 4 million square feet.
Among its key San Diego holdings are the 515,354-square-foot SOVA Science District in Sorrento Valley and the 298,104-square-foot Biovista life science campus in Sorrento Valley that includes the California English restaurant by celebrity chef Richard Blais.
The company in September will complete Bioterra, a 323,403-square-foot life science campus in Sorento Mesa.
“We’re still very focused on the core market – Torrey Pines, UTC, Sorrento Mesa, Sorrento Valley,” Fritz said, adding that he is optimistic about the region’s life science industry’s prospects for growth.
“Certainly, long term, we’re very bullish on San Diego and on life science and life science in San Diego,” Fritz said. “There’s a lot of excitement that the later part of this year, going into 2025 is going to be really strong. From a commercial real estate perspective, there’s still some challenges to overcome.”
Overall, Fritz said that, “The science and innovation and the demand for new medicines is unchanged.”
San Diego is faring better than some of the other life science markets, Fritz said.
“There’s a strong ecosystem for the startups all the way to big pharma,” Fritz said, adding that he expects to see more partnerships between startup companies and big pharmaceutical companies.”
Fritz joined Longfellow in June 2019 as director of project management and development in San Diego and was promoted to senior director of development before becoming managing director.
Before he came to Longfellow, Fritz was vice president of Project Management Advisors, Inc. in the San Francisco Bay area.
Longfellow Real Estate Partners
FOUNDED: 2009
HEADQUARTERS: Boston
CEO: Adam Sichol
BUSINESS: real estate investment
EMPLOYEES: 200+
CONTACT: 918-838-7390
WEBSITE: www.lfrep.com
NOTABLE: Longfellow Real Estate Partners has invested in life science clusters across the U.S. and United Kingdom
San Diego, CA
Here are the 9 San Diego County communities that set or tied heat records
San Diego County is known for having wet, cold weather in February. But it had numerous hot spells this year. And when the month ended on Saturday a high pressure system produced heat that broke or tied temperature records in nine communities from the desert to the sea, the National Weather Service said.
The most notable temperature occurred in Borrego Springs, which reached 99, five degrees higher than the previous record for Feb. 28, set in 1986. The 99 reading is also the highest temperature ever recorded in Borrego in February.
Escondido reached 95, tying a record set in 1901.
El Cajon reached 92, three degrees higher than the record set in 2009.
Ramona topped out at 88, five degrees higher than the record set in 2009.
Alpine hit 88, four degrees higher the record set in 1986.
Campo reached 87, four degrees higher than the record set in 1999.
Vista hit 86, four degrees higher than the record set in 2020.
Chula Vista reached 84, one degree higher than the record set in 2020.
Lake Cuyamaca rose to 76, four degrees higher than the record set in 1986.
Forecasters say the weather is not likely to broadly produce new highs on Sunday. Cooler air is moving to the coast, and on Monday, San Diego’s high will only reach 67, a degree above normal.
San Diego, CA
Francis Parker captures Open Division girls basketball title
OCEANSIDE — The Frontwave Arena scoreboard showed 23 seconds remaining in the fourth quarter. Up 16, Francis Parker’s win over Westview High School for the CIF San Diego Section Open Division girls basketball championship was secure.
“No, no, no!” Parker head coach Courtney Clements screamed to freshman guard Jordan Brown, telling her there was no need to score.
So Brown walked the ball up the floor, from the backcourt, across midcourt, a 1,000-watt smile etched across her face.
With no Wolverines defending her, Brown dribbled from side to side across the logo. Then, a fraction of a moment before the final buzzer sounded, Brown flung the basketball high toward the rafters, then was engulfed by teammates.
The job was complete. Parker’s first Open Division title in program history was secure, the final reading 66-50 on Saturday night.
Of those final seconds, said Brown, who scored 23 points. “It was a surreal moment, knowing we worked for this all year long. It’s amazing.”
One reason it was amazing was because the top-seeded Lancers (21-7) were a decided favorite, but were stressed by the sixth-seeded Wolverines (20-9). Led by UC Santa Barbara-bound senior guard Sarah Heyn (18 points in the first half), Westview led 35-28 early in the third quarter.
“I just knew I had to do whatever it took to win,” said Brown. “Whether that was defense or offense. I just wanted to win, period.”
Sparked by its defense, Parker closed the quarter on a 14-0 run. Westview’s final 11 possessions of the quarter ended with five missed shots and six turnovers.
Still, the game wasn’t over. Heyn cut the deficit to 48-44 with just over six minutes to play on a bucket. But with 5:47 to play, Heyn was whistled for her fifth foul on a reach-in.
“Knowing their best player fouled out, we sealed the win,” said Brown.
As for Heyn, who finished with 23 points, she sat on the bench and pulled her jersey over her eyes, hiding tears.
Clements’ thoughts when Heyn fouled out? “I hope we can put this game away now.”
That the Lancers did, outscoring Westview 18-6 down the stretch.
The Lancers’ players and coach were effusive in their praise for Heyn, a four-year starter.
“She’s a great player,” said Brown.
“She played phenomenally,” said Clements. “She played the way you would think a senior would play in a championship game. She played desperately. She played every possession like it was the last 20 seconds of the game. She was extremely impressive. (Heyn buried five 3s, missing only once from deep.) She should be proud of herself.”
Clements was proud of her team for another reason. After blowing out two-time reigning Open Division champion Mission Hills by 26 in the semis, some thought Parker might cruise in the title game.
“I figured it was going to be a fight, and it was,” said Clements. “It was good that our girls had to come together, had to stick together. That’s what this is all about, developing character via the sport of basketball. When the kids face adversity, they have to make a decision. Who do they want to be? They showed the best version of themselves. That’s what I want to remember from a game like this.”
Francis Parker’s primary color is brown, which is fitting for the girls basketball team. They are led not only by the freshman Jordan Brown, but also junior Brieana Brown, a strong, aggressive and athletic 5-foot-11 wing.
Brieana Brown scored 25 points and yanked down a team-best eight rebounds.
About the team in brown being led by the Browns (who are not related), Jordan Brown said: “It’s super cool. I love Bri and our story. So many people think we’re related, that we’re siblings. In reality, we’re not, but we play like it.”
Francis Parker and Westview both will advance to the Southern California Regionals.
Earlier in the season, Clements — who was dressed in all black for the championship game — confessed she wasn’t crazy about Parker’s primary color. Her mood shifted Saturday night.
“Brown’s doing well for me now,” she said.
Asked if Lancers’ Brown squared tandem represents the best one-two girls basketball punch in the San Diego Section, Clements gave the questioner a “What do you think?” smirk.
“That,” said the coach of the Open Division champions, “is a no-brainer.”
San Diego, CA
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