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July 23, 2016
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• Kearny Mesa Office Building Sold to Local Television Station
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
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
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
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
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
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
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...
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• Lowe Enterprises and AECOM Capital Join Forces with Atlas Hotels to Reposition Mission Valley Resort
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
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...
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• Escondido Apartment Asset Goes for Over $25 Mil
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
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
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
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...
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• San Diego Multifamily Comp Comes in at $214k/Unit
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
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
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...
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• CBRE Transitioning to “Free Address” Offices Across the Globe
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...
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• AltheaDx Leases Torrey Pines Corp HQ Building
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
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
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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