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October 18, 2017
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• Escondido Creek Conservancy Acquires 242-Acre Cielo Del Norte Property in Rancho Santa Fe
Escondido Creek Conservancy purchased Cielo Del Norte, a 242-acre property located southeast of Elfin Forest Rd and Harmony Grove Rd in Rancho Santa Fe, for $13 mil. The land was sold by Cielo Del Norte LLC. The property was...
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• Developer Buys 8.7-Acre San Diego Parcel for Res Development
An Orange County-based developer purchased an 8.67-acre land parcel in San Diego for $5.81 mil. The property, located at 6365 Lake Atlin Ave, north of I-8 and west of Hwy 125, is the former site of Cleveland Elementary and is...
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• SR Commercial Completes Trio of SoCal Transactions
SR commercial recently wrapped up three SoCal deals, two acquisitions and a sale. The properties involved are located in Temecula, Sorrento Valley and Vista. In Temecula, SR Commercial paid $6.975 mil for a 100.6k sf ($69/sf...
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• Oceanside Site Fetches $2.5 mil
A local investor purchased a 2.54-acre commercial lot in Oceanside for $2.5 mil. The property, located at 1555 S. Coast Hwy, west of I-5 and south of Oceanside Blvd, is the former home of Harley’s House of Harleys. A nationa...
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• New La Mesa Res Development Just about Finished
Final completion of The Quarry, La Mesa’s newest apartment community, is scheduled for June 1. Situated on 1.6 acres across from a neighborhood park, the rental community is at 4330 Palm Ave, south of I-8 and west of Hwy 125....
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• San Diego Res Development Site Sells for $12.8 Mil
A 20k sf, high-rise, apartment development site in downtown San Diego sold for $12.8 mil. The property, located at 520 W. Ash St and 1446 Columbia St, was purchased by Lennar Multifamily Communities LLC in an off-market trans...
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• Medical Group Buys 27k sf Office Building in San Diego’s Kearny Mesa Submarket
REAlliance LLC purchased a 27.2k sf medical office building in San Diego’s Kearny Mesa submarket from Daley Industrial Venture No. 5 for $4.63 mil ($170/sf). The property is located at 9737 Aero Dr, west of I-15 at Ruffin Rd....
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• Investor Pays Over $200/sf For Retail Asset in San Diego’s Midway District
Midway Village Shopping Center, a 29.7k sf retail property in San Diego, sold for $6.2 mil ($209/sf). The center is located at 3146-3194 Midway Dr, on the west side of I-8. It is just north of San Diego International Airport,...
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• Drawbridge Realty Acquires Kearny Mesa Office Campus for $61 Mil
Drawbridge Realty has acquired Spectrum Corporate Center , a three-building, 182.9k sf office campus in San Diego, for $61 mil ($334/sf). The project is fully leased on a NNN-basis to Northrop Grumman Systems Corporation, a w...
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• Private Investor Pays $170k/Unit for El Cajon Multifamily Property
Southwinds Apartments, a 22-unit, 18k sf multifamily property in El Cajon sold for $3.74 mil ($170k/unit). The property is located at 909 Sunshine Ave, south of I-8 and east of Hwy 125. Southwinds Apartments is a two-buildin...
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• Four Attorneys at Allen Matkins Elected to Partnership
Four attorneys at Allen Matkins, the CA-based full service real estate and business law firm, have been elected to partnership. They are: real estate attorney Anthony R. Burney, in its San Francisco office; insolvency and rec...
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• SR Commercial Acquires Carlsbad Land for Multi-Tenant Industrial Development
SR Commercial has acquired an 11.8-acre land parcel in Carlsbad, on which the firm plans to develop a 151.5k sf, multi-tenant industrial distribution project geared to small-space users. “Currently, there are only seven indu...
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• Seniors Housing Property in San Diego Trades for $123k/Unit
Village North Senior Garden Apartments, a 120-unit, seniors residential complex in San Diego, sold for $14.775 mil, or $123k/unit. The property, located at 7720-7780 Belden St, west of the intersection of I-805 and the 163 F...
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• The Block in Downtown San Diego to Contain Up to 720k sf
San Diego-based real estate development and investment company Zephyr has named Joseph Wong, FAIA, of Joseph Wong Design Associates the lead architect for The Block, a 60k sf site on Broadway between 7th Ave and 8th Ave. Wo...
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• Investors Trade Vista Retail Property
Sycamore Terrace shopping center, a 10.5k sf retail property in the city of Vista, traded hands between investors. The property is located at 316 and 320 Sycamore Ave, at the intersection with Lobelia Dr. The price was not di...
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• Mission Valley Office Building Trades for $8 Mil
Mission View Plaza, a 52.1k sf, four-story office building in San Diego’s Mission Valley, recently sold for $8.1 mil, or $155/sf. The building is located at 3517 Camino Del Rio South, west of I-15 on the south side of I-8. M...
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• Work Gets Underway on 237k sf Oceanside Biz Park
Newport Beach-based McDonald Property Group has begun development on First Park @ Ocean Ranch, a 237.3k sf industrial park in Oceanside. The $27.5 mil development marks the first speculative industrial project in North San Di...
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• Trion Properties Sells One Multifamily Property in Fresno, while Buying Others in San Diego and Portland
Los Angeles-based Trion Properties is wrapping up three west coast multifamily transactions, a sale in Fresno, in addition to acquisitions in Fresno and Portland. The property Trion sold is called Canyon Del Sol, which was p...
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• Webb Management & Investments Pays $14.35 Mil for San Diego Area Retail Property
In a recent, newsworthy retail sale from San Diego County, Webb Management & Investments purchased San Marcos Civic Center Plaza, a 60.6k sf, LA Fitness-anchored retail and entertainment center in San Marcos. The property was...
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• Investors Trade Rancho Bernardo Industrial Campus
Via Frontera Business Park, a two-building, 80.9k sf, multi-tenant industrial/R&D property in San Diego, sold for $10.5 mil ($130/sf). The property is located at 10965-10993 Via Frontera Drive, west of I-15 in the Rancho Bern...
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