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July 23, 2016
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SAN DIEGO NEWS
Archive
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• Kearny Mesa Office Building Sold to Local Television Station
6/25/14
A 52.3k sf office building in Kearny Mesa sold for $9.64 mil, or about $184/sf. The two-story, Class building is located at 9680 Granite Ridge Dr, south of Aero Dr and west of I-15, within the StoneCrest office complex. Tim ...
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• DRA Advisors and Cypress Office Properties Pay $40 Mil for Sorrento Mesa Office Portfolio
6/23/14
A three-project office portfolio in Sorrento Mesa was acquired by a partnership of DRA Advisors LLC and Cypress Office Properties LLC for $40.15 mil. The properties, totaling 190.2k sf ($211/sf) in four buildings, were sold b...
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• Zephyr Partners Acquires Full Block in Downtown San Diego for New Mixed-Use Project
6/20/14
Zephyr Partners has obtained $12.7 mil in pre-development financing for a mixed-use project encompassing a full city block in downtown San Diego. The development is planned to include two 32-story towers comprised of both res...
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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...
Price: $4.99
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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...
Price: $4.99
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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...
Price: $4.99
Executive Subscriber Price: Free
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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...
Price: $4.99
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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...
Price: $4.99
Executive Subscriber Price: Free
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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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