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December 10, 2017
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• Rincon Homes Pays $3.4 Mil for 14k sf Carlsbad Redevelopment Site
Rincon Homes paid $3.4 mil for a 14.2k sf Carlsbad Village site that currently houses a medical office property. The buyer intends to redevelop the site, at 725 Grand Ave, into a retail/residential mixed-use property. Amy M...
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• Construction Completed on Carlsbad Industrial Project
Badiee Development has completed construction of Innovation Ridge, an industrial project formerly branded as the Carlsbad Victory Industrial Park. The 55.6k sf building is located at 3248 Lionshead Ave, and offers an abundanc...
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• Rancho Bernardo Retail Center Sells for $387/sf
Rancho Carmel Village Center, a 27.1k sf retail center in Rancho Bernardo, was purchased for $10.5 mil ($387/sf) by New World Limited Partnership. The property, situated on 3.34 acres at 12125-12165 Alta Carmel Court, consis...
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• Rockwood Capital LLC Spends $109 Mil on Downtown San Diego High-Rise
Rockwood Capital LLC purchased an institutional-quality, Class A office high-rise in downtown San Diego in a recent $109.5 mil transaction. The building, located at 600 B Street, contains 359.3k sf ($305/sf) of space over 24 ...
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• Legacy Partners and The Resmark Companies Break Ground on Res Project in Downtown San Diego
Legacy Partners and The Resmark Companies have just broken ground on a 168-unit apartment project in the highly desirable Marina District of downtown San Diego. The development is located at 372 4th Ave, just one block west o...
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• Hat Company Building New Head-quarters in Carlsbad
RAF Pacifica Group Inc will be developing a brand new 83k sf build-to-suit distribution facility in Carlsbad for San Diego Hat Company. The new Class A industrial facility will be situated on a 7.6-acre parcel of land that Sa...
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• $18 Mil Purchase of Two Office/Flex Properties in Kearny Mesa Provide Buyer with Strong Value-Add Opportunity
Two flex/office properties totaling 140.5k sf of space in San Diego’s Kearny Mesa submarket sold for $18.5 mil, or $132/sf. The buildings, which sit on 7.61 acres, include the Aero Office Building, a 37k sf, three-story, mult...
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• Exeter Property Group Buys Two Industrial Dev Parcels in Escondido from Badiee Development
Two industrial land parcels in Escondido were purchased by Exeter Property Group. The assets, originally slated for the development of the Escondido Innovation Center and Escondido Victory Industrial Park projects, were sold ...
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• Trigild Takes Over Management of San Diego Medical Office Property
San Diego-based Trigild has taken over the day-to-day management of more than 240k sf of retail and commercial property. This includes Pacific Medical Plaza, a three-story, medical office property at 4910 Director's Place in ...
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• Swift Real Estate Partners Buys 233k sf Downtown San Diego Office High-Rise
Swift Real Estate Partners purchased Five Thirty B in downtown San Diego. Located at 530 B St, the 24-story, 232.9k sf LEED Gold office building was 88% leased at the time of sale. Although a price was not given out, industry...
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• Lincoln Property Entity Spends $11.5 Mil on San Diego Area Industrial Asset
An entity of Lincoln Property Company has purchased a 72.2k sf industrial facility on 2.32 acres in San Diego’s Morena submarket for nearly $11.5 mil, or about $159/sf. The property is currently 100% leased to a single tenant...
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• Draftsmen & Craftsmen
Construction is underway on Palomar Health Outpatient Center I (OPC I), the 75k sf, first phase of a brand new three-phase, 225k sf Class A medical office development located on-campus at Palomar Medical Center Escondido. Wh...
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• San Diego Res Development Land Sells for $64/sf
A 3.47-acre residential land parcel located within the Pacific Highlands Ranch community in San Diego sold for $9.73 mil ($64/sf). The property is situated on the north side of Village Center Loop Rd, adjacent to The Village ...
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• San Diego Area Office Building Trades in $16 Mil Deal
Premier Realty Holdings Inc acquired Wateridge Pavilion, a three-story, 62.4k sf office building in Sorrento Mesa. The property, which was 97% leased at the time of sale, was sold by Fenway Properties for $16.3 mil ($261/sf)....
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• TruAmerica and Allstate Close $90 Mil Multifamily Buy in Escondido
In a joint venture with Allstate, TruAmerica Multifamily has made its biggest investment in San Diego County with the acquisition of Eagles Point Apartment Community, a 519-unit property in Escondido, for $90 mil ($173.4k/uni...
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• Stos Partners Buys 170k sf Industrial Asset in Chula Vista
Stos Partners has acquired a 170.8k sf, two-building multi-tenant industrial project in Chula Vista for $13.45 mil ($79/sf) in an off-market transaction. The property, located at 1670-1690 Brandywine Ave, is currently 100% oc...
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• Draftsmen $ Craftsmen
C.W. Driver Companies has broken ground on the $17.9 mil construction of the new Mission Hills-Hillcrest Harley & Bessie Knox Public Library. The 14k sf, one-story structure will be nearly four times the size of the current l...
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• CPI Apartment Fund LLC Picks Up 102k sf Office Asset in Vista
CPI Apartment Fund LLC has purchased Melrose Law Center, a 102.3k sf office property in Vista, for $9.85 mil ($96/sf). The property, which was sold by Vista-based Harmatz Investment Corporation, was 56% leased by professional...
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• Oceanside RV Park Refinanced with New Loan for $12 Mil
Pacific Current Partners has refinanced Oceanside RV Park, a 138-space coastal asset in the northern San Diego County beach community of Oceanside. The new interest-only, floating-rate loan for $12 mil was arranged by HFF and...
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• CVG Properties Inc Buys 70-Unit Apartment Property in Santee
CVG Properties Inc paid $13 mil for Carlton Heights Villas, a 70-unit ($185.7k/unit) multifamily complex in Santee. The property, located at 9705 Carlton Hills Blvd, north of Hwy 52, was 96% occupied at the time of sale. B...
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