| Qualcomm Renews 144k sf San Diego Area Lease
Qualcomm has renewed its lease for the entire Sorrento Corporate Center, a 144k sf office campus located on nine acres at 9940 and 9950 Barnes Canyon Road in San Diego. Terms of the deal were not disclosed.
| Escondido Dev Site Trades Hands
The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- a...
| Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
| Sorrento Mesa Building Trades in Sale/Partial Leaseback Deal
A 38k sf office building in Sorrento Mesa was purchased by local biotech company BPS Bioscience for $8.55 mil, or $225/sf. The building, located at 6405 Mira Mesa Blvd in the Central San Diego submarket, was sold by Vancouver...
| Exchange Investor Pays $630/sf for San Diego Area Vons Store
A 44k sf Vons grocery store in San Diego was acquired by a Los Angeles-based private investor for $27.7 mil ($630/sf).
Located at 4145 30th St in the North Park neighborhood of San Diego, the building sits one half-mile wes...
| Investor Pays over $400/sf for Five Guys Building in San Diego
A 4.5k sf retail building in San Diego’s Pacific Beach neighborhood sold for $1.9 mil ($422/sf). The building, located at 1020 Garnet Ave, is currently occupied by Five Guys.
Brian Pyke and Allison Campbell of Retail Insite...
| Pain Management Group Buys San Diego Medical Office Property
In a recent medical office buy, an Orange County-based pain management group paid $6 mil for Richley Medical Plaza, a 25.6k sf ($234/sf) property in San Diego’s Midway District.
Located at 3434 Midway Drive, the two-story bu...
| Investor Pays $242k/Unit for Escondido Res Property
A 39-unit apartment complex in Escondido sold for $9.46 mil, or $242.5k/unit. The 37.5k sf property is situated on a 114.6k sf lot at 1440 N. Broadway, north of El Norte Pkwy and east of I-15.
Built in 1978, the property co...
| Sorrento Mesa Owner/User Building Purchase Comes in at $5.3 Mil
Oberlin Realty LLC acquired a 21.3k sf, office, flex, R&D building in Sorrento Mesa for $5.3 mil ($249/sf). The buyer plans to occupy the entire building, which it will utilize for its biotech business.
Located at 10179 Huen...
| Calexico ALDI Ground Lease Purchased for $2.64 Mil
A NNN ground-lease for a single-tenant ALDI in Calexico, CA sold for $2.64 mil. The deal came in at a 5% cap rate.
Located at 2450 Rockwood Ave in Calexico, roughly two miles north of the Mexicali/Calexico border crossing, ...
| San Diego Area Retail Center Trades in Deal Worth Over $13 Mil
Escondido Town & Country, a 70k sf, neighborhood shopping center in Escondido, sold for $13.25 mil, or $189/sf. Located at 1625 to 1665 East Valley Pkwy, east of I-15 and just south of Washington Ave, the asset was acquired b...
| Dollinger Properties Spends $15.3 Mil on Its Fourth San Diego Area Acquisition over the Past 18 Months
Dollinger Properties closed on a San Diego-area office buy, paying $15.31 mil for Viewridge Business Park, a three-building, 72.8k sf ($210/sf) office park in Kearny Mesa.
Viewridge Business Park is situated on 3.7 acres at...
| Casey Brown Companies Picks Up Two San Diego Office Buildings for $14.5 Mil
Casey Brown Companies spent $14.5 mil on a City Center office property in San Diego that consisted of two of the largest office buildings on El Cajon Blvd along with a four-story, 149-stall parking structure. The assets were ...
| Full-Building Tenant Signing in San Diego was Fate
Fate Therapeutics has agreed to lease Scripps Northridge Corporate Center, a 200k sf life sciences campus in San Diego’s Sabre Springs area. Fate Therapeutics will be using the campus for its corporate headquarters, which is ...
| Two San Diego R&D Buildings Sell for $3.5 Mil
Two San Diego-area R&D buildings totaling 12.6k sf of space traded in separate deals worth a total of $3.5 mil, or $278/sf. The properties are located at 5820 Oberlin Dr, east of I-805 and just south of Mira Mesa Blvd in the ...
| Stos Partners Buys 113k sf Industrial / Cold Storage Facility in San Marcos
Stos Partners has acquired a 113.5k sf industrial and cold storage asset in San Marcos for $18.9 mil ($166.50/sf) in an off-market transaction. The property is located at 505 S. Pacific St, south of Rancho Santa Fe Rd off Hwy...
| Escondido Res Property Fetches $34.7 Mil
Sage Apartments, a 137-unit multifamily property located in the North San Diego County city of Escondido, sold for $34.7 mil, or $253.3k/unit. The 86.7k sf property is located at 1920 and 1960 E. Grand Ave, east of Hwy 78 and...
| Distillery Leases 48k sf San Diego Area Facility
Cutwater Spirits has leased a 48k sf, freestanding industrial building in San Diego’s Miramar neighborhood. The new space will provide additional storage for the company’s expanded focus on creating hand sanitizer and its exi...
| Murphy Development Completes Completes Work on Spec Industrial Facility in Otay Mesa
Murphy Development Company (MDC) has completed construction on the final building at The Campus at San Diego Business Park, a 137k sf spec industrial building on seven acres just north of the U.S. / Mexico border. The additio...
| San Diego Res Portfolio Refinanced with $58.5 Mil Loan
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego.
The properties in the portfolio are located in and ...