| Thomas Jefferson School of Law Leases 56k sf of Class A Office Space in Downtown San Diego
Thomas Jefferson School of Law inked a new lease to reposition but retain its campus within the heart of downtown San Diego. The Law School leased a total of 56.3k sf spanning two full floors at 701 B St, west of I-5 and just...
| Community Retail Center in Chula Vista Purchased in $58 Mil Deal
Protea Properties LLC closed on a significant SoCal retail buy, paying $58.5 mil for Broadway Plaza, a 356.3k sf ($164/sf) community retail center located in Chula Vista, a city within south San Diego County. It was sold by K...
| Commercial Real Estate Financing Briefs
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
| Apartment Complex in San Diego’s Bankers Hill Neighborhood Fetches $580k/Unit
25 on Fifth, a 25-unit apartment complex in San Diego, was purchased by Next Space Development Realty Inc for $14.5 mil ($580k/unit). Acquisition equity for the deal was provided by Pacifica Companies.
25 on Fifth is located...
| Harbor Associates and Ascentris Buy 110k sf Office Building in Rancho Bernardo
Harbor Associates LLC and Ascentris have teamed up in a San Diego-area office buy. The venture has acquired The Pinnacle, a 110.1k sf, five-story Class A building located at 10920 Via Frontera, in the north San Diego submarke...
| New Residential Complex in Chula Vista Brings $35 Mil
Stone Creek Apartments, a recently constructed 97-unit luxury apartment community located in Chula Vista, sold for $35 mil ($360.8k/unit).
Stone Creek Apartments was completed in April 2018 and features first-rate amenities...
| San Diego Area Office Campus Traded in $100 Mil Deal
Pendulum Property Partners recently acquired StoneCrest, a 327.2k sf, Class A office campus centrally located in San Diego County, for $100.3 mil ($306/sf) in an off-market transaction. Situated in San Diego’s Kearny Mesa su...
| Carlsbad Hotel Purchased by Pacifica Companies Affiliate
West Inn & Suites, an 86-room hotel in Carlsbad, was acquired by an affiliate of San Diego-based Pacifica Companies. It was sold by West Real Estate LLC, who had developed the hotel along with the West Steak & Seafood Restaur...
| La Mesa Residential Asset Purchased for $14 Mil
Rimrock Apartments, located at 8420 Buckland St in La Mesa, was purchased for $14.1 mil by Joehnk LLC, a Wyoming-based closed limited liability company. The 62-unit ($227.4k/unit), garden-style residential community provides ...
| American Specialty Health Agrees to $110 Mil Renewal of 200k sf in Sorrento Mesa
American Specialty Health Inc has agreed to renew nearly 200k sf of office space at the The Elements in Sorrento Mesa for over ten years. The deal is worth $110 mil.
The Elements is located at 10201 Wateridge Circle and 1022...
| Encinitas Development Site Trades Hands
A 4.42-acre residential development land parcel in Eninitas traded hands. The property, located at 710 Requeza St, was purchased by Requeza 13 LP.
710 Requeza St is entitled for the development of 13 single-family residentia...
| Retail Property in San Diego’s Torrey Highlands Submarket Goes for $650/sf
Torrey Del Mar Plaza, a 10k sf, single-level, strip shopping center located in San Diego’s Torrey Highlands submarket, sold for $6.5 mil ($650/sf).
Located at 13857-13859 Carmel Valley Rd, the two-building property, develope...
| La Jolla Office Campus Trades in $97 Mil Transaction
The Campus on Villa La Jolla, a five-building, 198.5k sf mixed-use campus in La Jolla, was purchased by GPI Companies for $97.1 mil ($489/sf). Located at 8910 to 8980 Villa La Jolla Dr, the the sprawling coastal asset sits on...
| Investor Pays $276k/Unit for a San Diego Apartment Building
A 19-unit apartment building in San Diego’s University Heights area sold for $5.25 mil ($276k/unit).
The building, constructed in 1970, is located at 4560 Florida St, south of I-8 between I-805 and Hwy 163. The property con...
| San Diego Apartment Property Sells for $321k/Unit
A 24-unit apartment building in San Diego sold for $7.7 mil, or about $321k/unit. The property, located at 1770 Evergreen St, just west of San Diego International Airport, was sold by Kathryn Hattox Trust.
The apartment buil...
| Rexford Industrial Realty Acquires Two Socal Industrial Assets and Sells another One
Rexford Industrial Realty Inc has completed three SoCal transactions consisting of two industrial property acquisitions totaling $21.5 mil and one disposition for $1.7 mil. The acquisitions were funded through a combination o...
| San Diego Office Property Refinanced with New $44.75 Mil Loan
Manchester Financial Group has secured a $44.75 mil refi loan on its Manchester Financial Centre, a 160k sf, office property in San Diego.
Originally built in1965, the storied 12-story building is located at 2550 Fifth Ave, ...
| Mission Valley Office Property Trades for $33 Mil
A joint venture between Hill Properties and a fund managed by DRA Advisors LLC paid $33.05 mil for a 140.5k sf, institutional-quality office building in Mission Valley. The seller was an affiliate of Menlo Equities Inc, which...
| Investor Picks Up Medical Office Asset in Carlsbad for $3.3 Mil
Orange Land Holdings, LLC a San Diego-based investor, has acquired Jefferson Professional Building, a 10.9k sf medical office building in Carlsbad, for $3.34 mil ($306/sf). The two-story, Class B property is located at 2910 ...
| Recently Developed Self-Storage Facility in San Diego Lands New Financing
Chicago Capital Funds, a privately held investment firm, has obtained $13.6 mil in financing on U-Stor-It Logan, a recently developed self-storage facility in San Diego. The four-story, 98k sf property has 1,145 storage units...