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February 25, 2018
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SAN DIEGO NEWS
Archive
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• Warehouse Property in San Diego’s Rancho Bernardo Area Goes for $334/sf
10/27/17
Realterm Logistics, a Realterm Global Company, acquired Bernardo Mesa Technology Center, a 180.9k sf warehouse property in Rancho Bernardo, for $60.5 mil, or $334/sf. It was sold by a joint venture between Walton Street Capit...
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• San Diego Sees Rejuvenated Industrial Market in the Third Quarter
10/27/17
Following a sluggish second quarter, characterized by local experts as an ‘early summer’, San Diego’s industrial market was rejuvenated in the third quarter with nearly 650k sf of occupancy growth, according to Cushman & Wake...
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• Draftsmen & Craftsmen
10/25/17
San Diego Community College District’s Mesa College has broken ground on the $12.8 mil construction of a new fine arts building. Located at 7250 Mesa College Drive, construction is expected to be completed in summer 2018. Th...
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• New San Diego Hotel Lands $85 Mil in Financing
10/24/17
The San Diego Pendry Hotel, a new luxury hotel brand operated under the Montage Hotels & Resorts, was refinanced with an $85 mil bridge loan used to take out the existing construction facility. The new hotel, which just opene...
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• Investor Nabs 28k sf Industrial Investment in Vista
10/19/17
A 27.9k sf, multi-tenant industrial building in North San Diego County has sold to an investor for $3.925 mil ($141/sf). The freestanding property, situated on 2.4 acres at 1120 Sycamore Ave in Vista, was acquired by VCJT LLC...
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• Lighthouse Strategies Leases 40k sf San Diego Property
10/16/17
Lighthouse Strategies LLC signed an 87-month lease for a 40.8k sf, building in San Diego. The new tenant, a strategic business development and portfolio management company, will move into its new space December 1, 2017. The s...
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• Two Pack Hotel LP Buys Two Hotels
10/13/17
Two Pack Hotel LP, an affiliate of Excel Hotel Group, recently purchased two hotels, totaling 207 rooms, in the San Diego area. The acquisitions consist of the 132-room Comfort Suites San Diego-Miramar and the 75-room Holiday...
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• Trio of SoCal 7-Eleven Sales Total Over $9 Mil
10/12/17
Three SoCal 7-Eleven properties have sold in separate transactions for a combined price tag of $9.13 mil. The properties are located in Los Angeles, San Diego and Bakersfield. Hanley Investment Group Real Estate Advisors’ Je...
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• Rancho Bernardo Industrial Comp Goes for $199/sf
10/11/17
In a recent industrial sales comp from San Diego County, Grifols Diagnostic Solutions Inc paid $14.63 mil for a 73.5k sf ($199/sf) industrial warehouse property on just over 4.8 acres. The property is located at 10895 Thornmi...
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• San Diego Area Office Building Goes for $9.16 Mil
10/09/17
The Courtyard I, a 50.4k sf office building located in San Diego’s Sorrento Mesa submarket has sold for $9.16 mil, or $182/sf. The multi-tenant property was purchased by Encinitas-based Plaza Del Norte Inc. Located at 6480 ...
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• Retail Center in San Diego’s Torrey Highlands Sells for $743/sf
10/06/17
Santa Monica Property Investors paid $10.4 mil for Torrey Highlands Plaza, a 14k sf ($743/sf) retail center in San Diego’s Torrey Highlands area. The property is located at 13350 Camino Del Sur, north of Hwy 56 between I-5 an...
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• Carlsbad Office Property Financed with New $41 Mil Loan
10/04/17
Cruzan has obtained $41.2 mil in financing for make, a 176.9k sf, high-utility office campus in Carlsbad. Located at 5600 Avenida Encinas, the property was redeveloped from industrial to high utility office space that houses ...
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• Vista Investment Group Buys Mission Valley Office Property
10/04/17
Vista Investment Group has acquired Plaza 2020, a 105.8k sf, Class A office building in San Diego’s Mission Valley. Although a value was not given out, an industry source we spoke with estimates the deal had a price tag aroun...
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• Interstate Equities Corporation Buys 133-Unit Res Asset in San Diego’s La Mesa Submarket
10/04/17
Institutional fund manager Interstate Equities Corporation (IEC) recently closed on the $33.95 mil purchase of Verse La Mesa, a 133-unit ($255k/unit), value-add multifamily asset in the La Mesa submarket of San Diego. This ac...
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• Local Investor Pays $400/sf for Carlsbad Mixed-Use Property
9/25/17
A multi-tenant office and retail mixed-use property in the coastal San Diego County city of Carlsbad sold for $2.7 mil ($409/sf). The asset, located at 2659 State St, is located one block from the Carlsbad Village Coaster sta...
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• Tsunami ARVR Inc Leases 32k sf of Office Space in Torrey Hills
9/25/17
Tsunami ARVR Inc, a Los Angeles-based technology company that builds enterprise focused virtual and augmented reality software platforms and products, has signed a 32.5k sf lease at the newly developed Torrey Point campus, al...
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• Single-Tenant Retail Property in El Cajon Sells for $779/sf
9/22/17
Alpha Brothers LLC acquired a 6.2k sf, single-tenant freestanding building in the Rancho San Diego area for $4.83 mil, or $779/sf. The building, which was recently leased to BevMo on a 10-year term, is located at 3777 Willow ...
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• Beachside Multifamily Properties in Oceanside Trade for $346k/Unit
9/21/17
Two beachside multifamily properties totaling 13 units in Oceanside recently sold for more than $4.5 mil ($346k/unit) combined. Glenn L. Goldman Family Trust sold the properties, located at 1312 and 1318 S. Pacific St, to sep...
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• Apartment Property in Imperial Beach Goes for $6.7 Mil
9/20/17
A 38-unit apartment complex known as IB Villas in Imperial Beach traded hands in a recent $6.7 mil deal ($176.3k/unit). The 18.1k sf property, situated on just over one acre at 1479-1485 Elder Ave, was purchased by NEJ Proper...
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• Burke Development Starts Work on Spec Office Building in Carlsbad
9/20/17
Burke Development is under construction on Aston Point, a 49k sf office building in the city of Carlsbad. Aston Point will be the first spec office building in the city in more than 10 years. William Skinner & Associates is...
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