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Sorrento Mesa Office Campus Feeling More Secure with DefenseWeb 6/17/14 DefenseWeb Technologies has signed a 90-month, $9.38 mil lease for 46.1k sf ($2.26/sf/mo) of office space in Sorrento Mesa. The deal is within Seaview Corporate Center, located at 10188 Telesis Ct, east of I-805 and south of ...
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Investor Spends $19.5 Mil on Chula Vista Res Property 6/12/14 Vista Lane Apartments, a two-building, 150-unit multifamily complex in Chula Vista, recently sold for $19.45 mil, or about $129.7k/unit. The property is located at 1440 Second Ave, just north of Orange Ave and near Broadway, ...
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Downtown San Diego Office Tower Sold for Possible Res Conversion 6/05/14 Here's news of a 223k sf office property in downtown San Diego that just traded for a likely redevelopment project. The property that sold is the Torbati Building, a 14-story structure located at 625 Broadway, between 6th and...
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HFF Arranges $6 Mil for 63k sf San Diego Industrial Park 6/04/14 HFF has arranged $6 mil in financing for Morena Business Center, a three-building, 62.8k sf flex industrial park in San Diego, on behalf of SR Commercial. The loan proceeds were used towards acquiring the property, and fundin...
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Lowe Enterprises and AECOM Capital Join Forces with Atlas Hotels to Reposition Mission Valley Resort 6/04/14 Lowe Enterprises and AECOM Capital, the investment fund of AECOM Technology Corporation, have formed a joint venture with long-time property owner Atlas Hotels Inc to own, operate and reposition the Town and Country Resort & ...
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First Quarter 2014 Snapshot of Downtown San Diego Office Market 6/03/14 Here’s a brief look at the Downtown San Diego office market as of the first quarter of 2014. This summary is the introduction to a more extensive update on the market, provided by real estate services firm CBRE.
• Downtown S...
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Escondido Apartment Asset Goes for Over $25 Mil 5/30/14 Palmilla, a 190-unit apartment complex in Escondido, recently sold for $25.65 mil ($135k/unit). Built in 1973, Palmilla is situated on nine acres at 776 East Mission Ave, just east of the intersection of I-15 and the 78 Fwy.
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Vista Biz Park Sells for $58 Mil 5/29/14 We just learned of an institutional-quality SoCal biz park buy, as Cornerstone Real Estate Advisors LLC recently acquired North County Corporate Center, a 493.9k sf industrial park in Vista. The asset was sold by New York-bas...
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Chula Vista Multifamily Property Picked Up by Private Investor for $19.5 Mil 5/29/14 Vista Lane Apartments, a two-building, 150-unit apartment complex in Chula Vista, sold for $19.45 mil, or about $130k/unit. The complex is located at 1440 Second Ave, just north of Orange Ave and near Broadway, the area’s dom...
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NorthMarq Capital Arranges $74 Mil on Three Multifamily Properties 5/27/14 NorthMarq Capital arranged refinancing deals on three multifamily properties in separate deals totaling more than $74 mil. The transactions, arranged by NorthMarq’s Marty Meagher and Gardiner Champlin, are for properties in S...
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San Diego Multifamily Comp Comes in at $214k/Unit 5/22/14 A seven-unit apartment property in San Diego’s North Park/University Heights submarket recently traded hands at a price of $1.5 mil, or about $214k/unit. The property, called The Hamilton St. Apartments, is located at 4562 Ha...
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Kearny Mesa Office Asset Trades for $110/sf 5/20/14 Fenway Asset Acquisitions LLC has purchased a 21.3k sf office property located at 9320 Chesapeake Dr in Kearny Mesa for $2.34 mil ($110/sf). It was sold by Chesapeake Management, L.P.
The two-story, multi-tenant office build...
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Two Mission Valley Retail Assets Fetch $7.7 Mil 5/19/14 Two retail assets in San Diego’s Mission Valley submarket recently sold in separate deals totaling about $7.7 mil.
In one of the deals, Capstone Advisors paid $6.4 mil for a 48k sf ($133/sf), multi-tenant retail center locat...
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CBRE Transitioning to “Free Address” Offices Across the Globe 5/15/14 CBRE has just unveiled two new offices in San Diego County as part of its global “Workplace360” initiative. The “free address” offices incorporate leading-edge workspaces designed to support the way employees work today and i...
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AltheaDx Leases Torrey Pines Corp HQ Building 5/12/14 AltheaDx has signed a long-term lease for a 69.8k sf corporate HQ building in Torrey Pines. The newly renovated campus-style facility is located at 10578 Science Center Dr in the Torrey Ridge Science Center. Terms of the leas...
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Regent Properties Swings for Upper Deck 5/09/14 Regent Properties has purchased Atlas at Carlsbad, a 246.7k sf building in Carlsbad, for $16 mil ($65/sf). The building is located at 5909 Sea Otter Place, north of Palomar Airport Rd and west of Melrose Dr.
“Regent Propert...
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Western States Technologies Completes San Diego Area Deals Worth $9.8 Mil 5/07/14 Western States Technologies Inc recently completed two San Diego-area real estate transactions – one an acquisition and the other a sale -- valued at $9.8 mil. The company purchased a corporate HQ building in Sorrento Mesa a...
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Investor Pays $150/sf for Poway Office Property 5/01/14 Scripps Poway Corporate Center, a 48.8k sf, multi-tenant office building in Poway, sold for $7.325 mil, or about $150/sf. The two-story office building is located on just over three acres at 13475 Danielson St, east of I-15 a...
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Karlin Real Estate Closes Two SoCal Loan Fundings 4/24/14 Karlin Real Estate has funded two separate loans for the refinancing of a multifamily development site and a clean tech industrial facility in Southern California.
In the larger of the two financings, Karlin provi...
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El Cajon Single-Tenant Retail Building Sells for $353/sf 4/22/14 Private investors paid $2.65 mil for a 7.5k sf ($353/sf), freestanding retail building in El Cajon. The property, located at 1025 Fletcher Pkwy, was sold by Barsky Family Limited Partnership.
CoCo’s Bakery & Restaurant curre...
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