| Res Project in San Diego’s Little Italy to Move Forward with $42 Mil in Financing
McMillin Companies has obtained $42.54 mil in development financing for Eighteen Ten State Street, a 99-unit, Class A, multi-housing development in San Diego’s Little Italy neighborhood. Tim Wright and Zack Holderman of HFF a...
| Continental Funding Group Arranges Over $10.5 Mil on Four Multifamily Assets for a Single Borrower
Continental Funding Group (CFG) has arranged financing on four multifamily assets located in Los Angeles and San Diego Counties on behalf of a SoCal-based private investor. The transactions were arranged by Managing Director ...
| Capital One Arranges $11.7 Mil on San Diego-Area Manufactured Housing Community
Capital One has provided an $11.719 mil Freddie Mac, adjustable-rate loan to refinance Starlight Mobile Home Park, a 162-space, seniors-only manufactured housing community (MHC) in El Cajon, CA.
Starlight has a clubhouse, p...
| Draftsmen & Craftsmen
Renovation and modernization work of the East Tower Nursing Unit at Sharp Grossmont Hospital in La Mesa has been completed. The $26 mil project by general contractor C.W. Driver delivers facility upgrades local taxpayers appr...
| HFF Arranges $29 Mil on San Diego Area Hotel
HFF has arranged a $29 mil in refi money for the Hilton Garden Inn Carlsbad Beach, a 161-room, Hilton-branded, oceanfront hotel in the coastal Southern California community of Carlsbad. Hilton Garden Inn Carlsbad Beach is an ...
| San Diego State University Student Housing Community Sells for $69.5 Mil
Fifty Twenty-Five, a 260-unit, 942-bed, Class A luxury student housing community serving San Diego State University, was purchased for $69.5 mil ($267.3k/unit). It was acquired free and clear of existing debt by FPA MultiFami...
| Extra Space Storage Adds Extra Space to Its Portfolio with Purchase of San Diego Facility
Extra Space Storage purchased Del Sol Self Storage, a 60k sf self-storage facility in San Diego, for $9.5 mil. Extra Space is a national owner/operator of self-storage facilities with over 1,300 self-storage properties in 35 ...
| Chula Vista Industrial Park Trades in $5 Mil Deal
A 32.7k sf, multi-tenant industrial park in Chula Vista traded hands in a recent $5 mil sale ($153/sf). The buyer was Commerce Plaza One LLC, a San Diego investment group managed by John Gross and Jeff Johnson. They plan to a...
| San Diego Area Apartment Complex Sells for Over $28 Mil
Valley Breeze, a 128-unit apartment complex in San Diego, sold for $28.3 mil, or $221k/unit. The property is located at 1304-1394 Oro Vista Rd, adjacent to the west side of I-5 at the edge of Imperial Beach, not far from the ...
| Bosa Buys The Block from Zephyr
Vancouver, Canada-based Bosa Development has purchased The Block, one of the last remaining full blocks of available property in downtown San Diego, from Zephyr. The Block is a 60k sf, mixed-use site on Broadway between 7th a...
| Otay Mesa Industrial Asset Sells for $31.5 Mil
An affiliate of Zurich Alternative Asset Management LLC (ZAAM) closed on an industrial acquisition in Otay Mesa, having paid $31.5 mil for Three Piper Ranch, a two-building, 333.6k sf ($94/sf) industrial park. It was sold by ...
| Capstone Advisors Pays $11.8 Mil for The Island @ Carlsbad
In a recent San Diego-area retail buy, locally-based based Capstone Advisors has purchased The Island @ Carlsbad, a 40k sf retail center in Carlsbad, for $11.8 mil, or $295/sf. The property, located at 5806 – 5814 Van Allen ...
| Structure Property Management Group Picks Up 46-Unit Res Property in Oceanside
Structure Property Management Group Inc has acquired Garrison West Townhomes, a 46-unit apartment property in Oceanside, for $8.1 mil ($176k/unit). With this acquisition, Structure PMG has acquired seven apartment properties ...
| Duds by Dudes Buys San Diego Industrial Building
Duds by Dudes, LLC paid $2.25 mil for a 13.3k sf ($169/sf) industrial building in San Diego. The building is located at 8651-59 Production Ave, east of Camino Santa Fe and north of Miramar Rd in the Mira Mesa area.
At the ti...
| Phoenix Realty Group and Blackstone Close $570 Mil National Multifamily Buy
Phoenix Realty Group (PRG) and Blackstone Real Estate Partners VIII have teamed up in the acquisition of a 16-property, 3,800-unit multifamily portfolio valued at approximately $570 mil. The properties are located in the Los ...
| La Mesa Apartment Property Sells for $198k/Unit
Stricker Family Partnership bought The Ridge on Jackson, a 45-unit, garden-style multi-housing community in the San Diego suburb of La Mesa, for $8.9 mil ($198k/unit), free and clear of debt. Located at 5639 Jackson Drive, Th...
| Redevelopment Project in San Diego’s Little Italy Area Lands $14 Mil in Equity Funding
By Allen Wolfsheimer
CityMark Development has obtained $14 mil in equity funding for a $48 mil redevelopment project in San Diego’s Little Italy area. The money, which will complement other construction funding for the proje...
| General Atomics Aeronautical Systems Leases 112k sf Facility in Poway
General Atomics Aeronautical Systems Inc has inked a four-year, $4.2 mil lease for a 112k sf ($0.78/sf/mo) industrial property in Poway. The facility is located on 8.33 acres at 13550 Stowe Dr, north of Scripps Poway Pkwy and...
| Clarion Partners Buys 544k sf San Diego Office Asset
In a recent San Diego office buy, Clarion Partners has purchased Pacific Technology Park, a five-building, 544.4k sf complex in the city’s Sorrento Mesa submarket.The Class A property is situated on 31 acres at 9389-9477 Wapl...
| TIAA-CREF Closes Luxury Res Buy in San Diego’s Carmel Valley
TIAA-CREF purchased Ocean Air luxury rental homes, a 100-unit, luxury residential property in San Diego’s Carmel Valley area. Located at 10500 Sea Pearl Cove, east of I-5 and north of Sorrento Valley Blvd, the property is wit...