| Murphy Development to Build 203k sf Phase II of Brown Field Technology Park in Otay Mesa
In industrial development news out of San Diego County, Murphy Development Company (MDC) secured $35.35 mil in construction financing for the development of Phase II of Brown Field Technology Park, two to-be-built Class A ind...
| Sharp Healthcare Spends $27.5 Mil on Kearny Mesa Office Project
Sharp Healthcare, Inc paid $27.5 mil for a 95k sf ($289/sf), two-building corporate office project in San Diego’s Kearny Mesa area. Sharp Healthcare is one of San Diego’s largest health care providers.
The property, located ...
| San Diego Planet Fitness Property Sells for $479/sf
A SoCal-based family partnership paid $8.15 mil for a 17k sf ($479/sf), single-tenant property occupied by Planet Fitness in San Diego, in an all-cash deal. At a 4.90% cap rate, the sale broke a national record for the lowest...
| Mixed-Use Building in Encinitas Fetches Over $1,100/sf
A 3.4k sf, mixed-use office and residential property in the heart of downtown Encinitas was sold in a recent $3.9 mil ($1,147/sf) transaction as part of a 1031 exchange. Built in 2005, the unique two-story building is located...
| Renovated Del Mar Office Building is Fully Leased
Bungalows Del Mar Office, a 39.5k sf renovated office building in San Diego’s Del Mar area, has been leased up. The property, located at 2010 Jimmy Durante Blvd, had been vacated by Harbor Associates, who recently completed t...
| Champion Real Estate Company Pays $12.7 Mil for Former Fraternity House Near San Diego State University
Champion Real Estate Company has acquired a former fraternity house adjacent to San Diego State University for $12.7 mil. The property, located at 5505-25 Lindo Paseo, will be rebranded as Victory at SDSU.
This purchase is ...
| Private Investor Buys Kearny Mesa Office Building for Over $9 Mil
A 24.4k sf office building in San Diego’s Kearny Mesa submarket was purchased by a private investor for $9.2 mil, or $378/sf. The buyer, who was completing a 1031 exchange, went non-refundable upon the opening of escrow and c...
| El Cajon Multifamily Community Traded in $34 Mil Deal
The Madison, a 110-unit apartment community in the East San Diego County City of El Cajon, sold for $34 mil, or $309k/unit. Built in 1976, the property is located at 1360 East Madison Ave.
The Madison comprises a unit mix of...
| San Diego Life Sciences Campus Lands $165 Mil Refi Loan
Genesis Science Center, a four-building, life sciences R&D campus totaling 252k sf owned by Phase 3 Real Estate Partners Inc and Bain Capital Real Estate in San Diego, was refinanced with a new loan for $165 mil. The three-ye...
| North Palisade Partners Spends $5.5 Mil on San Diego Logistics Asset
LA-based North Palisade Partners acquired a 61k sf logistics facility in San Diego for $5.5 mil ($90/sf). The purchase of the 1.4-acre property, which is located at 9350 Miramar Rd, closed at the end of June with construction...
| Regent Properties Sells Three Carlsbad Properties in Two Deals Totaling Over $130 Mil
Regent Properties has collected $130.75 mil from two recent sales totaling three, Class A buildings in Carlsbad. One of the deals was for ATLAS, a 231k sf office/R&D campus, while the other sale was for two single-tenant crea...
| Apartment Property in San Diego’s Bankers Hill Neighborhood Sells for $482k/Unit
A nine-unit apartment property in San Diego’s Bankers Hill neighborhood traded for $4.34 mil ($482k/unit). The property is situated on a 9.5k sf lot located at 3354-3370 1st Ave, midway between I-5 and Hwy 163.
The prime loc...
| Brixton Capital Buys 104k sf Shopping Center in San Diego County
Brixton Capital has acquired Santee Town Center, a 103.9k sf shopping center in Santee, in an off-market transaction. The property was sold by Los Angeles-based Union City Investments.
Located at 270 Town Center Blvd...
| Industrial Demand in San Diego Remains Strong
This report provided by real estate services firm JLL
• The San Diego industrial market is showing resilience in the face of macro-economic uncertainty.
• Large block leasing was active in Q2, with year-to-date lea...
| Unique Mixed-Use Property in Rancho Santa Fe Trades Hands
A 4.7k sf, mixed-use building in Rancho Santa Fe was acquired by Nature’s Fusion Glow LLC. The property, located at 6012 Paseo Delicias in the heart of the Village of Rancho Santa Fe, consists of office, retail and residentia...
| Dalfen Industrial Closes $24.8 Mil Industrial Buy in Otay Mesa
Dalfen Industrial purchased an 86.7k sf, freestanding industrial building in San Diego’s Otay Mesa submarket for $24.85 mil ($287/sf). The property was sold by a partnership between Alcion Ventures and Lincoln Property Compan...
| BLT Enterprises Pays $58 Mil for Renovated Vista Industrial Asset
BLT Enterprises purchased 1 Viper Way, a Class A industrial building in Vista, for $58 mil. The property was sold by a partnership of RPG and CenterSquare, who acquired the asset in February 2021.
The sellers initially acqui...
| New Encinitas Office/Retail Condo Unit Goes for Nearly $1,000/sf
Tower 16 Capital Partners acquired a new 8k sf, Class A office/retail condominium asset that makes up part of the newly constructed Surfside Luxury Lofts of Leucadia mixed-use development in Encinitas for $7.9 mil ($988/sf). ...
| San Diego Office Market Holding Steady Heading into Second Half of the Year
This report was provided by real estate services firm Kidder Mathews
San Diego Office Market Update – 2nd Quarter 2022
• Recent leasing activity highlights the trend of companies being attracted more to the ...
| Preservation Equity Fund Advisors Acquires 144-Unit, Section 8 Housing Community in El Cajon
Preservation Equity Fund Advisors (PEF Advisors) has purchased Lexington Green, a 144-unit, stabilized project-based Section 8 housing community in El Cajon. The price was not disclosed.
The 98% occupied property is comprise...