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June 23, 2018
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• Exchange Investor Pays $12.7 Mil for Oceanside Industrial Project
Courtyard Mira Mesa LLC, an Irvine-based investor, has acquired Rancho Del Oro Commerce Center, a 93.2k sf, multi-tenant industrial project in Oceanside, for $12.75 mil ($137/sf). The development consists of four single-story...
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• Casey Brown Company Begins Renovation of Mission Valley Office Tower
Looking to update and transform Tower 591, a 12-story, 183k sf Class A office tower in San Diego’s Mission Valley formerly known as Valley Corporate Center, the Casey Brown Company has started on an over $6 mil renovation of ...
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• Hobby Lobby Inks Lease for 59k sf Store in Oceanside
Hobby Lobby has inked a lease for a 58.6k sf store at College Plaza shopping Center in Oceanside. Terms of the lease were not disclosed. The arts and crafts specialty retailer will backfill a significant anchor-tenant vacanc...
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• Equinvests Capital Buys Two-Building Office Portfolio in San Diego’s Golden Triangle
Equinvests Capital has acquired Two and Five Governor Park, a two-building, Class A office portfolio located in San Diego. The buildings total 76k sf of space and are located at 6310 Greenwich Dr (Two Governor Park) and 5060 ...
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• National City Distribution Facility Sells for Over $200/sf
A 91.5k sf, single-tenant industrial building in the National City submarket of San Diego was purchased for $21 mil ($230/sf) by an unnamed institutional buyer. The property, located at 901 Bay Marina Drive, is in close pro...
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• Irvine Company Closes $105 Mil San Diego Area Office Buy
Irvine Company has acquired Gateway at Torrey Hills, a two-building, 197.9k sf office complex in Del Mar Heights, for $105 mil ($530/sf). The Class A asset, consisting of four-story, multi-tenant office buildings at 3570 and ...
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• Lennar Entity Pays $35 Mil for San Diego Redevelopment Site
New Vision Christian Fellowship Church has sold its land and facilities, totaling about 2.2 acres, in San Diego for $35 mil. The property, located at 4353 Park Blvd, south of I-8 and west of I-805, was acquired by LMC North P...
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• Carlsbad Mixed-Use Property Acquired by Family Investment Entity
A private family investment entity has purchased a three-story, high-end mixed-use property comprised of retail, restaurant, creative office and residential space in the Carlsbad Village submarket of San Diego for $8.2 mil. ...
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• Coastal Carlsbad Mixed-User Sells for $410/sf
Roosevelt Plaza @ Carlsbad Village, a 20k sf, three-story mixed-use property comprised of retail, creative office and residential located in the coastal community of Carlsbad, was sold for $8.195 mil, or $410/sf. Built in 20...
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• Sudberry Properties Starts Work on Corp HQ Building in Scripps Ranch
Sudberry Properties has started construction for the second MedImpact corporate headquarters campus building, a 158k sf, six-story building with an adjacent four-level parking structure at 10159 Scripps Gateway Ct, within Wat...
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• San Diego Center Traded in a $5.25 Mil Deal
Midway Square, a 15.3k sf, multi-tenant shopping center in San Diego, sold for $5.25 mil, or $343/sf. The center is 100% leased to Express Tire, Auto Serve Center, Suspension Plus and Smog Check. The property is located at ...
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• Frontera Real Estate Buys San Diego Lot for Redevelopment
Frontera Real Estate paid $2.64 mil for a 283.1k sf lot in San Diego that they intend to redevelop into a 110k sf self-storage facility. The property, located at 11902 Campo Rd, currently contains a trucking school and a sing...
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• San Diego Office Market Soars in 2017
San Diego’s office market flourished in the second half of 2017, according to Cushman & Wakefield’s latest year-end market report. With a commanding 716.6k sf of positive net absorption in the third quarter, San Diego’s offic...
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• Vista Industrial Property Trades for $3.5 Mil
A local private investor paid $3.5 mil for a 19.5k sf industrial building in Vista in an off-market sale. The property, located at 1221 Liberty Way, was sold by Gieger Court LLC. Joe McDermott and Jeffrey Crocker with Kidder...
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• Sunroad Enterprises Lands $165 Mil in Financing on Two Upscale San Diego Apartment Properties
Sunroad Enterprises is refinancing two new luxury apartment complexes in San Diego with $165 mil in short-term first mortgage debt originated by Mesa West Capital. Sunroad developed and owns the two assets, situated in the ci...
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• Oram Hotels to Build 163-Room Hospitality Project in Downtown San Diego
Oram Hotels obtained $36.55 mil in construction financing for the renovation and development of The Guild San Diego, a 163-room, upscale, boutique hotel in the heart of downtown San Diego. Loan proceeds will be used to contin...
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• Encinitas Retail Asset Sells for $24 Mil
RAF Pacifica Group acquired the 39k sf retail portion of Pacific Station in Encinitas for $24 mil ($615/sf). Located at the southeast corner of Coast Hwy 101 and E Street, Pacific Station is a 100k sf mixed-use development th...
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• Draftsmen & Craftsmen
San Diego-based SCA Architecture (formerly known as Smith Consulting Architects) has completed the planning, design, and entitlements for a new 23-acre campus expansion on behalf of global communications company, Viasat, loca...
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• 11-Unit Lakeside Apartment Property Sells for Over $3 Mil
An 11-unit apartment complex in Lakeside, CA sold for $3.125 mil, or $284k/unit. The 11.4k sf property sits on a 20.6k sf lot at 9737 Riverview Ave, just off the 67 Fwy, about 22 miles northeast of downtown San Diego. The ap...
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• MG Properties Closes 2017 with $117 Mil Res Buy in Vista
San Diego-based MG Properties Group paid $117.5 mil for Waterleaf Apartments, a 456-unit ($257.7k/unit), garden-style multifamily property in Vista. The property, located at 333 N. Emerald Dr, was sold by a venture of New Yor...
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