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• El Cajon Warehouse Facility Sells for $6 Mil
5/28/13
A 109.4k sf warehouse property in el Cajon traded hands for $6 mil, or about $55/sf. The property is located on 4.4 acres at 1111 Pioneer Way, north of Fletcher Pkwy and west of the 67 Fwy.
The managing members of the new ow...
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• Trion Properties Acquires Two CA Multifamily Assets
5/21/13
Trion Properties has recently acquired two multifamily properties in El Cajon, and Sacramento, CA. The properties were acquired from two different owners in separate transactions worth a combined $7.25 mil.
In El Cajon, Trio...
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• San Diego Office Market Recovery Moving Faster than Expected
5/20/13
A just released report by Cassidy Turley San Diego shows the pace of the San Diego office market recovery is moving faster than expected, with 140k sf of net absorption during the first quarter of 2013.
“This is good news ...
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• Recent Signings Bring Sorrento Valley Biz Complex to Fully Leased
5/17/13
Bastyr University and HG Motorsports, existing tenants at Sorrento Pines, an office and industrial complex in San Diego’s Sorrento Valley neighborhood, have inked new leases for a combined 18.8k sf of additional space at the ...
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• San Diego Retail Property Sells for $3.85 Mil
5/16/13
Crosby Square, a 13.4k sf retail property with two second-story apartment units, recently sold for $3.85 mil. Situated in the southern Downtown San Diego submarket, the property is located at 1879 Logan Ave, just off the I-5...
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• Lowe Enterprises and I.D.E.A. Partners to Create Full-Block Mixed-Use Development in Downtown San Diego
5/16/13
The San Diego Community College District (SDCCD) has selected the team of Lowe Enterprises and I.D.E.A. Partners to enter into a long-term ground lease and create a mixed-use development in the I.D.E.A. District on a full cit...
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• Rexford Industrial Cleans Up with Dr. Bronner’s Magic Soaps
5/09/13
Dr. Bronner’s Magic Soaps, the number one selling natural brand of soap in North America, signed off on a $9.8 mil expansion/relocation lease for a 118.6k sf industrial facility in the city of Vista. The property is located a...
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• New Res Project Started in San Diego’s East Village Arts District
5/09/13
Construction is underway on a new 208-unit, residential project in the East Village Arts District of downtown San Diego. Called The Lofts, the five-story development is located at 688 13th St, fronting 13th Street between Mar...
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• Terramar Signs Five Restaurant Tenants at The Headquarters
5/02/13
A number of restaurant tenants including Pizzeria Mozza, The Cheesecake Factory, Puesto, Eddie V’s, and Seasons 52 have already inked deals for new locations at The Headquarters, a $40 mil adaptive re-use and renovation of th...
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• Investor Spends $120k/Unit on San Diego-Area Multifamily Asset
4/30/13
In a San Diego apartment buy, a private investor paid $2.495 mil for the Talmadge Pacific Apartments, a 21-unit ($119k/unit) property located at 4470 Euclid Ave, east of I-15 and just north of El Cajon Blvd in the San Diego c...
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• R.D. Olson Construction Assembles Carlsbad LEGOLAND Hotel
4/29/13
Construction has been completed on the LEGOLAND® Hotel at LEGOLAND® California Resort in Carlsbad. The 250-room hotel, featuring an exceptional, creative theme built to exacting LEGO® design standards, was built by R.D. Olson...
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• Buyer Makes $4.3 Mil Investment in Two El Cajon Apartment Properties
4/25/13
A private investor has purchased two El Cajon multifamily properties, totaling 40 units, for a total price of $4.34 mil ($108.5k/unit). The acquisition consists of the 22-unit Peach Palms, at 1038 Peach Ave, and the 18-unit S...
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• Carlsbad Apartment Property Sells for Over $900k/Unit
4/24/13
Ocean Villas at Carlsbad, an eight-unit, 9.3k sf apartment building located directly on the sands of Carlsbad State Beach in Carlsbad sold for $7.3 mil, which works out to a whopping $912.5k per unit.
Ocean Villas at Carlsba...
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• Beech Street Capital Arranges $9.6 Mil in Fannie Mae Money on El Cajon Apt Property
4/22/13
Beech Street Capital LLC recently closed a $9.6 mil Fannie Mae MAH loan for the acquisition of Bella Vista Apartments, a 150-unit affordable multifamily property in El Cajon. The fixed-rate loan has a 10-year term, with 9.5 y...
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• Dempsey Construction Acquires Legacy Building Services
4/17/13
In news of a notable real estate industry merger from San Diego, Dempsey Construction Inc has acquired general contracting firm Legacy Building Services, creating a diversified organization that will serve the commercial deve...
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• GTF Properties Acquires El Cajon Industrial Property
4/15/13
An 18.7k sf industrial building in El Cajon sold for $2.85 mil ($152/sf). The property is located at 310 N. Johnson Ave, north of Main St and south of I-8.
Tucker Hohenstein, Mike Erwin, Victor Krebs and Rob Morgan of Collie...
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• Investor Pays $1,680/sf for San Diego 7-Eleven
4/15/13
A private family trust paid $3.7 mil for a 2.2k sf ($1,682/sf) retail property leased by 7-Eleven in San Diego’s Kearny Mesa area. The property, constructed in 2012, is located at 7807 Balboa Ave, at the corner with Convoy St...
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• SR Commercial Completes $20 Mil Oceanside Industrial Buy
4/15/13
La Pacifica, a 230k sf multi-tenant industrial park located in Oceanside, was purchased by SR Commercial for $19.8 mil, or $86/sf. We’re told that this acquisition marks the largest industrial transaction in North San Diego s...
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• Investor Buys Two-Building Listing in San Diego’s Little Italy
4/12/13
In a recent San Diego deal, a private investor acquired the Cedar Street and California Street Portfolio, consisting of a 5k sf office building and the adjacent 6.2k sf industrial facility, for $2.46 mil. The Cedar Street and...
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• First Quarter 2013 Summary of San Diego’s Office and Industrial Activity
4/11/13
CBRE San Diego released its Market View reports covering San Diego commercial real estate activity for the first quarter of 2013. Here is a summary of that report, provided to us by CBRE San Diego.
The San Diego office marke...
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