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February 5, 2023
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SAN DIEGO NEWS
Archive
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• Historic Building from 1894 in San Diego’s Gaslamp Quarter Fetches $7 Mil
9/24/21
A local private investor paid $7 mil for The Marston Building, a 41.3k sf office property in the Gaslamp Quarter of Downtown San Diego. Located at 427 C Street, the building was constructed in 1894 and was originally home to ...
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• Dunbar Residential Investments Closes $13.6 Mil Vista Res Buy
9/23/21
OC-based Dunbar Residential Investments LLC paid $13.6 mil for Sunset Cliffs Apartments, a 52-unit ($261.5k/unit) gated rental community in Vista. The property, comprised of a mix of single-story cottage and two-story townhom...
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• Invesco Real Estate and Baranof Holdings Buys San Diego County Self-Storage Property
9/22/21
Global real estate manager Invesco Real Estate, in partnership with Baranof Holdings, has purchased Solana Beach Storage, an 895-unit self-storage property in coastal San Diego County. The project is located in the high-end c...
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• New 90k sf Office/Retail Building Completes LeBeau Realty & Associates’ Twenty by Six Office Center in Downtown San Diego
9/16/21
Work has been completed on LeBeau Realty & Associates’ new 90k sf, office and retail building at 450 B St in downtown San Diego. Together with LeBeau’s existing 20-story tower located at 451 A St, the two buildings complete “...
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• MHA Group Nabs Mission Valley Res Property for $32.6 Mil
9/14/21
Canada-based MHA Group paid $32.6 mil for Fashion Terrace, a 73-unit ($446.6k/unit) boutique apartment community in San Diego’s Mission Valley area. The property was sold by an entity controlled by Silicon Valley-based Acacia...
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• Phase 3 Real Estate Partners Buys Sorrento Mesa Office/Flex Asset
9/10/21
Phase 3 Real Estate Partners purchased a vacant, two-story, 40.8k sf office/flex building in Sorrento Mesa. The building, sitting on 2.9 acres of land at 10170 Sorrento Valley Rd, is a good candidate for conversion or ground-...
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• Downtown San Diego Multifamily Sale Goes for $100k per Unit
9/06/21
A 78-unit multifamily property located in downtown San Diego’s East Village neighborhood sold for $7.8 mil ($100k/unit). The 32.8k sf historic property was constructed in 1869 and is located at 509 Park Blvd. Peter Scepanov...
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• Hometown America Buys 410 Manufactured Home Sites in California
8/30/21
Chicago-based Hometown America acquired two California manufactured home communities totaling 410 home sites. The properties, Diamond K Estates in Roseville and Carman Ranch MHC in San Diego, were sold by a SoCal-based family...
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• Sudberry Properties Wraps Up Work on Mixed-Use Project in San Diego’s Scripps Ranch Area
8/27/21
Sudberry Properties has completed framing and interior construction has commenced at The Hub at Scripps Ranch, a mixed-use redevelopment project at the gateway to Scripps Ranch in San Diego County. The Hub will feature 260 ap...
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• Buchanan Street Partners Spends $26 Mil on Chula Vista Self-Storage Facility
8/25/21
Buchanan Street Partners has acquired a newly-constructed three-story, 95k sf climate-controlled self-storage facility in Chula Vista for $26.4 mil ($278/sf) in an off-market transaction. The property, located at 3296 Heritag...
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• Pasadena Storefront Property Sells for $580/sf
8/23/21
A 5.6k sf, storefront retail property in Pasadena sold for $3.25 mil, or $580/sf. The buyer was Saber Vertex 980 Corporate Center Drive LLC. The property is located at 34 E Holly St, in a highly sought after prime commercial...
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• Property West Residential Closes $110 Mil Res Buy in Oceanside
8/23/21
Property West Residential has purchased Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, in a recent transaction worth $110 mil, which equates to $387.3k per unit. The property was sold by FPA Multifamily...
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• LPC West and Crow Holdings Capital Team Up in LoCal Development Land Buy
8/19/21
A joint venture between LPC West and a real estate fund advised by Crow Holdings Capital has acquired vacant land on Airway Rd, just north of the Otay Mesa Port of Entry at the U.S.-Mexico border in the Otay Mesa submarket of...
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• Mainstay Medical Takes 23k sf in Downtown San Diego
8/16/21
Mainstay Medical, a Dublin, Ireland-based medical device company, has signed a 23.1k sf lease in the Little Italy neighborhood of Downtown San Diego. Mainstay Medical will become the first biotech firm to relocate to Downtown...
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• San Diego Area Multifamily Comp Works Out to $212.5k/Unit
8/12/21
Northstar Homes LP bought Casa Jamacha Apartments, a 32-unit apartment complex located in Spring Valley, for $6.8 mil ($212.5k/unit). The 25.6k sf property is situated on a .94-acre lot at 8951 Jamacha Rd, north of Jamacha Bl...
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• The Bascom Group Pays $355k per Unit for La Mesa Multifamily Property
8/11/21
The Bascom Group LLC has acquired an 80-unit multifamily community in La Mesa, for $26.8 mil, or $355k per unit. The property, Echo Pointe Apartments, is located at 4300 Echo Ct, just northwest of the confluence of Hwys 94 an...
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• Los Angeles Investor Trades into 77k sf Carlsbad Industrial/R&D Asset
8/10/21
An L.A.-based 1031-exchange buyer paid $19.4 mil for a 76.8k sf ($253/sf) industrial/R&D property located at 1939, 1945 and 1949 Palomar Oaks Way in Carlsbad. The property is comprised of three buildings on a 6.9-acre lot. ...
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• DermTech Leases 96k sf of Class A Space in Del Mar Heights
8/06/21
DermTech Inc leased 96k sf of Class A space at the Del Mar Corporate Centre for its new corporate headquarters in Del Mar Heights. DermTech is a leader in precision dermatology enabled by a non-invasive skin genomics platform...
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• Carlsbad Medical Office Building Sells for $746/sf
8/05/21
A 6.3k sf, Class A medical office building in Carlsbad sold for $4.7 mil, or $746/sf, in a deal we’re told set a new price-per-square-foot high-water mark for medical/office buildings in North County San Diego in the 5k sf – ...
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• Chula Vista Flex Property Goes for $224/sf
8/05/21
A 38.4k sf, flex property in Chula Vista sold for $8.6 mil, or $224/sf. Located at 2371 Fenton St, the property was originally built in 2000 and renovated in 2007. The building is part of Eastlake Master Planned Community a...
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