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• Oceanside Multifamily Property Purchased for $74 Mil
8/03/21
The Dylan, a 208-unit apartment complex in Oceanside, was sold for $74.1 mil, or $356.3k/unit. The property is located at 550 Los Arbolitos Blvd, close to Downtown Oceanside and the Oceanside Pier.
Built in 1973, The Dylan h...
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• CBRE Global Investors Buys Four-Property Self-Storage Portfolio
7/30/21
A fund sponsored by CBRE Global Investors has acquired a 296.3k sf self-storage property totaling four assets with a combined 3,746 units. The facilities are in Boulder, CO, Vista, CA, Bothell, WA and Lake Stevens, WA. The fu...
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• Imperial Beach Multifamily Sale Works Out to $256k/Unit
7/30/21
Playa Blanca Apartments, a 44-unit apartment property in Imperial Beach, in Southern San Diego County, has traded hands in an $11.3 mil ($256.8k/unit) deal. The property, located at 1939, 1945 and 1949 Avenida Del Mexico, whi...
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• Prime US REIT Acquires 296k sf Sorrento Mesa Office Property in $146 Mil Deal
7/27/21
Prime US REIT (PRIME) closed on a major, institutional office property buy, acquiring Sorrento Towers, a 296.3k sf Class A office complex in the heart of Sorrento Mesa, for $146 mil ($493/sf). Prime US REIT was advised in the...
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• Sares Regis Group Affiliate Buys 299-Unit Apartment Property in Downtown San Diego
7/26/21
A Sares Regis Group affiliate purchased LIT Cortez Hill (formerly known as AVA Cortez Hill), a 299-unit, high-rise apartment property located at 1399 9th Ave in downtown San Diego, CA. The deal was financed with a $76 mil sen...
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• Commercial Real Estate Financing Briefs
7/22/21
GANTRY - Mitchell Zeemont and Tony Kaufmann with Gantry secured a $44.25 mil loan for a single-tenant life sciences building located in the East Bay’s Emeryville submarket. The 67k sf building is 100%t occupied by a publicly ...
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• Carlsbad Creative Office Building Trades Near $400/sf
7/22/21
A 48.3k sf, Class A creative office building in Carlsbad was acquired by and OC-based family investment entity for $19.25 mil, or $398 per square foot. The property, located at 1800 Aston Ave, was sold by Burke Real Estate Gr...
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• Gildred Development Company Buys MOB/Retail Complex in Rancho Santa Fe
7/21/21
Gildred Development Company paid $19.5 mil, or $1,045/sf, for Rancho Santa Fe Professional Center, a five-building, 18.7k sf medical office/retail complex in Rancho Santa Fe, a census-designated place situated about 25 miles...
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• Anchor Health Properties and Carlyle Pick Up Medical Office Building in San Diego County
7/21/21
Vista Medical Plaza, a multi-tenant medical office building totaling 54.7k sf in Vista, was purchased for $26.75 mil ($489/sf) by a partnership between Anchor Health Properties and Carlyle. The property was sold by AmeriCare ...
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• Dan Floit Buys Historic Building in San Diego’s Downtown
7/16/21
Dan Floit has acquired the historic Centre City Building, a 95k sf office and retail building located in Downtown San Diego, for $10 mil ($105/sf). The 14-story building is located at 233 A St, a few blocks north of the Gasla...
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• Cisterra Development Starts Work on 22-Story Res/Retail Tower in Downtown San Diego
7/14/21
Cisterra Development has begun construction on Radian, a 255k sf, 22-story retail and residential high-rise tower in Downtown San Diego’s East Village neighborhood. Groundbreaking was celebrated at a ceremony with San Diego C...
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• Vista Site Acquired as a Self-Storage Development Opportunity
7/13/21
Clear Sky Capital, out of Arizona, paid $4.8 mil for a 4.03-acre development opportunity located at 510 and 522 North Avenue in Vista. The property was sold by a SoCal-based partnership.
The site is entitled for a self-stora...
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• MIG Real Estate Pays $333k/Unit for Oceanside Res Community
7/13/21
Stone Arbor Apartments, an 88-unit multifamily community in Oceanside, was purchased by OC-based MIG Real Estate for $29.3 mil, or $333k per unit.
Stone Arbor Apartment Village was originally constructed in 1977 and is locat...
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• San Marcos Cold Storage Facility Sells for $372/sf
7/06/21
A 113.5k sf, cold storage industrial facility in San Marcos was purchased by an institutional buyer for $42.2 mil ($372/sf). The property is located at 505 South Pacific St, east of Rancho Santa Fe Rd and south of Hwy 78.
Th...
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• Hines Buys 161k sf Industrial Park in San Diego’s Miramar Area
7/02/21
Hines has purchased Activity Business Center, a five-building multi-tenant industrial asset totaling 161.2k sf in the Miramar submarket of San Diego. Approximately 90% leased at the time of sale, the portfolio was sold by BKM...
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• Multifamily Property in La Mesa Fetches Nearly $300k/Unit
7/02/21
ADC Real Estate Group paid $22.25 mil for Trolley Palm, a 75-unit ($297k/unit), garden-style apartment community in La Mesa. The property was sold by L5 Odyssey Management LLC.
Trolley Palm is situated on 3.59 acres at 4302 ...
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• Apartment Property in San Diego’s Nestor Area Sells for $290k per Unit
7/01/21
In a recent apartment sales comp from the San Diego region, a 19-unit property in the Nestor area traded for $5.5 mil, or $290k per unit. The 18.2k sf property is situated on a 57k sf lot located at 2320-2328 Grove Ave and 1...
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• Construction Nearing Completion at 151k sf Otay Mesa Industrial Project
7/01/21
Otay II Commerce Center, a two-building industrial center totaling 151.4k sf located in San Diego’s Otay Mesa area, has reached the concrete wall panel tilt-up construction milestone. The project is a development of Cabot Pro...
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• Kilroy Realty Spends $42 Mil on 1.3-Acre Downtown San Diego Development Site
7/01/21
Kilroy Realty Corporation acquired a 1.3-acre land development site in downtown San Diego for $42 mil. Kilroy plans to develop up to 275k sf of Class A office space on the full city block site, located at 2045 Pacific Highway...
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• M2 Ingredients Leases 155k sf Vista Industrial Facility
6/30/21
M2 Ingredients inked a long-term lease of a 155k sf, Class A industrial building in Vista. M2, a leading producer of certified 100% organic, whole food mushroom powders, will use the new facility as the company’s corporate he...
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