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December 17, 2018
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SAN DIEGO NEWS
Archive
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• IDS Real Estate Group Affiliate Buys 545k sf Industrial Portfolio in San Diego
10/26/18
A four-building industrial portfolio totaling 544.9k sf in San Diego’s Otay Mesa submarket was acquired by an affiliate of IDS Real Estate Group. The price was not given out. Situated on 28.1 acres within the Siempre Viva B...
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• Rexford Industrial Realty Makes $10 Mil Acquisition in Oceanside
10/25/18
Rexford Industrial Realty Inc purchased a three-building, 73.7k sf industrial property in Oceanside for $10.2 mil ($138/sf). The acquisition was funded with cash on hand. The acquisition consists of three separate land parce...
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• Draftsmen & Craftsmen
10/25/18
Construction is finished on AMP&RSAND, a 330k sf, Class A creative office center located on San Diego Union-Tribune’s former headquarters in the Mission Valley area of San Diego. The project, a development of Casey Brown Comp...
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• 24 Hour Fitness Signs Lease at San Carlos Village Shopping Center
10/24/18
Fitness chain 24 Hour Fitness has inked a lease for 38k sf of anchor space at San Carlos Village shopping center in eastern San Diego. Joining a vibrant roster of tenants, 24 Hour Fitness will be backfilling the former LA Fit...
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• BLT Enterprises Completes 64k sf Industrial Facility in San Diego
10/22/18
BLT Enterprises has completed construction on a 63.8k sf, spec industrial building in the Kearny Mesa area of San Diego. The new, $12 mil development features an all concrete and steel structure, 30 ft. minimum clear heights,...
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• San Diego Creative Office Campus Gets New Owner in $20 Mil Deal
10/17/18
Crown Realty & Development paid $20.4 mil for The Oberlin, a three-building, 62.4k sf creative office campus in San Diego. The complex, located at 5889, 5893 and 5987 Oberlin Drive in the Sorrento Mesa area, was sold by Bixby...
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• Office Market Continues on Solid Ground for San Diego
10/16/18
This report was provided to us by the San Diego office of real estate services firm Cushman & Wakefield. Cushman & Wakefield’s newly released office market report for San Diego showed overall market fundamentals remain on so...
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• Virtu Investments Buys 168-Unit Property in San Marcos
10/15/18
October 15, 2018 - Virtu Investments Buys 168-Unit Property in San Marcos Acquisition is of Barham Villas Virtu Investments LLC purchased Barham Villas, a 168-unit complex in San Marcos. The property, situated on 9.88 acres ...
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• Sunroad Enterprises and Majestic Realty Company Break Ground on San Diego Industrial Development
10/10/18
Sunroad Enterprises and Majestic Realty Co have broken ground on Majestic Sunroad Center, a 227k sf, Class A, three-building, industrial development located in San Diego’s Otay Mesa neighborhood. The development is located o...
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• San Diego Office Building Demolished for Construction of a New Industrial Facility
10/03/18
Pacific Southwest Mortgage has completed the demolition of an existing, three-story office building located at 8840 Complex Dr in San Diego’s Kearny Mesa submarket, to make way for a new, state-of-the-art industrial building....
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• Apartment Building in San Diego’s Mission Bay Sells for $312k/Unit
10/01/18
Sandpiper Apartments, a 16-unit multifamily building in San Diego, sold for $5 mil, or $312.5k/unit. Located at 715 Cohasset Ct, west of Seaworld in Mission Bay, Sandpiper is one of the largest multifamily properties that is ...
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• San Diego Industrial Portfolio Sells in $170 Mil Transaction
10/01/18
A portfolio totaling more than 1 msf of Class A, industrial assets in San Diego County sold for $170 mil in a recent transaction. The properties were sold by RAF Pacifica Group. The buyer was not named. The portfolio consist...
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• The Irvine Company Buys 300k sf San Diego Office Complex
9/26/18
The Irvine Company has closed on a trophy-quality, San Diego office buy, acquiring Sunroad Corporate Center, a three-building 302.3k sf office property situated in the heart of the city’s University Town Center area. The asse...
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• Retail Asset Near San Diego International Airport Sells for $2.4 Mil
9/25/18
A two-story, net-leased retail property located in Downtown San Diego sold for $2.38 mil. The property is located at 3338 Kettner Blvd, between I-5 and Pacific Hwy, adjacent to San Diego International Airport. Marc Posthumu...
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• San Diego Life Science/Office Property Refinanced with $25 Mil Loan
9/24/18
Harbert Management Corporation and Cypress Office Properties have refinanced Oberlin Tech, a 105.6k sf life science and office property in San Diego’s Sorrento Valley area. Oberlin Tech is located at 5555, 5601, 5626 and 5627...
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• City of Solana Beach Buys Land Parcel to Expand Public Beach Space
9/24/18
The City of Solana Beach has acquired a 29k sf land parcel in the Eden Gardens neighborhood of Solana Beach for $2.8 mil. The property is located at 700 Stevens Ave, just west of I-5. Victor Krebs of Colliers International ...
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• Retail Property in San Diego’s North Park Area Sells for Just Under $4 Mil
9/24/18
A 9k sf retail property in San Diego’s North Park area sold for $3.975 mil ($442/sf). The two-tenant, 100% occupied asset is located at 2801 - 2811 University Ave, south of I-8 and west of I-805. The two tenants at the store...
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• Private Investor Picks Up 75-Unit Multifamily Property in La Mesa
9/20/18
Palm Spring Apartments, a 68.2k sf, 75-unit apartment property located in La Mesa, traded hands in a recent deal for an undisclosed price. It was sold by La Jolla-based seller L&M Properties The property is located on a 3.59...
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• Construction Started on 100k sf Life Science Building in San Diego’s UTC Submarket
9/17/18
Phase 3 Real Estate Partners has begun construction at 4224 Campus Point Court, a two-story, 102k sf building within GENESIS Campus Point. GENESIS Campus Point is a three-building, 314.1k sf life science campus in the UTC su...
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• Sukut Real Properties Acquires 294k sf San Diego Area Industrial Property
9/14/18
Mira Mesa Distribution Center, a 293.8k sf, multi-building distribution park in San Diego, has been acquired by Orange County-based Sukut Real Properties. The multi-tenant industrial project is located in the heart of the Sor...
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