| Charter School Organization Buys 100k sf Vacant Office Campus in Oceanside
A vacant 100k sf, office campus on six acres in Oceanside sold for $11.8 mil ($118/sf). The asset consists of four low-rise buildings located at 1305-1320 Union Plaza Court.
The buyer was Partnering with Parents LLC, dba Th...
| Carlsbad Office Asset Trades for $550/sf
An 11.8k sf office asset situated on .67 acres and in Carlsbad sold for $6.5 mil ($551/sf). The property is located at 390 Oak Ave, immediately off Carlsbad Village Dr, in the heart of Carlsbad Village.
390 Oak is convenie...
| Strauss Company Spends $23 Mil on Kearny Mesa Office Park
San Diego-based M.C. Strauss Company acquired Lomas Pacific I & II, an 88.5k sf, suburban office park in San Diego from Brixton Capital for $22.8 mil ($258/sf). The two-building, multi-tenant campus is located at 9619 Chesape...
| Seller Collects Near $3 Mil from Disposition of Two Encinitas Medical Office Condos
Two medical office condo suites in Encinitas sold in separate deals with a combined price of $2.86 mil. Originally a single unit, the suites are located adjacent to one another in a freestanding building at 700 Garden View Ct...
| Hines Picks Up 230k sf of Industrial Space in Otay Mesa
Hines purchased a 229.7k sf, Class A industrial portfolio spanning two buildings in San Diego’s Otay Mesa submarket. The buildings, located at 7255 Otay Mesa Rd and 1695 Continental St, were sold by Murphy Development Company...
| EverWest Real Estate Investors Closes $17 Mil San Diego Industrial Buy
EverWest Real Estate Investors purchased a 55k sf industrial asset in San Diego’s Miramar submarket for $17.3 mil, or $315/sf. The asset was sold by a joint venture between Stos Partners and Long Wharf Capital, who acquired t...
| Lansing Companies Spends $18 mil on Solana Beach Office Property
Lansing Companies paid $18 mil for The Plaza at 505, a 22.7k sf ($793/sf), Class A coastal boutique courtyard office project located at 505 Lomas Santa Fe Dr in Solana Beach. Lansing Companies will relocate its corporate offi...
| Majestic Realty Co and Sunroad Enterprises Pouring Concrete for 476k sf Industrial Project in San Diego
In an industrial development update out of San Diego County, Majestic Realty Co and Sunroad Enterprises will commence pouring the concrete slabs of the 476k sf, Phase II build-out at their Landmark at Otay project.
| El Cajon Multifamily Sales Comp Works out to $232k/Unit
In a recent San Diego area, multifamily sales comp, Positive Investments paid $4.65 mil for Casa Del Sol Apartments, a 20-unit ($232.5k/unit) complex located in El Cajon. The 15.4k sf property is located on a 0.8-acre lot at ...
| Lennar Picks Up 10 Acres of Res Development Land in Otay Mesa
Lennar has acquired two sites totaling 10.02 acres in Otay Mesa, located just west of 2160 Cactus Rd. The 436.5k sf site will be the future home of Epoca’s G and I neighborhoods—an extension of ColRich’s mixed-use-village st...
| Sunroad Enterprises Obtains $200 Mil Take-Out Loan on Just Completed San Diego Area Res Community
Sunroad Enterprises has secured a $203 mil construction takeout financing for Vive Luxe, a Class A, 442-unit, multi-housing community the firm built in San Diego’s Kearny Mesa submarket.
Built in 2022, Vive Luxe offers studi...
| Retail Property Collection in Kearny Mesa Sold for $90 Mil
In a significant retail trade out of San Diego’s Kearny Mesa area, a private investor purchased a collection of three core, single-tenant net-leased assets totaling 194.3k sf of space within the Gateway at Kearny Mesa retail ...
| Rockefeller Group Acquires 11.5 Acres in Chula Vista for New Industrial Development
Rockefeller Group has acquired 11.57 acres in Chula Vista, with plans to begin construction in June 2022 on three buildings totaling 201.2k sf of industrial space. The project, Heritage Industrial Park, is Rockefeller Group’...
| Trammell Crow Company (TCC) and CBRE Investment Management to Build 116k sf Life Science Project in Sorrento Mesa
Trammell Crow Company (TCC) and CBRE Investment Management have teamed up to build Vista Sorrento Labs, a 116k sf life science development in San Diego’s Sorrento Mesa submarket. CBRE’s stake is on behalf of a separate accoun...
| San Diego Area Office Building Trades in $25 Mil Transaction
Willow Creek Corporate Center, a three-story, 121.4k sf office building in San Diego’s Scripps Ranch submarket, traded for $25.3 mil ($208/sf). The asset was purchased by Sason, marking the firm’s second acquisition in San Di...
| San Diego Ranks as Second Busiest Market for Conversions of Office to Life Science Space
This report provided by real estate services firm CBRE
A sharp increase in construction of life sciences labs in the U.S. has included big gains in a premium category: conversions of office buildings to labs. According to a ...
| Lincoln Property Company and Angelo Gordon Pick Up 77k sf Vista
A 76.9k sf industrial building in Vista was recently purchased by a joint venture between Lincoln Property Company and Angelo Gordon. The building will be repositioned for future life science use. The buyers obtained $27.4 mi...
| Escondido Multifamily Project Sells for $25 Mil
City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
| Luminous Capital Management Virtus Real Estate Capital Spend $14 Mil on Carlsbad Industrial/R&D Building
Luminous Capital Management, in partnership with Austin-based Virtus Real Estate Capital, has acquired 5931 Priestly Drive, a 52.8k sf industrial/R&D building in Carlsbad. The property was acquired from locally-based Greene ...
| DivcoWest Spends $76 Mil on San Diego Office Asset
Northridge Summit, a Class A, 130k sf single-tenant office building in San Diego was acquired by DivcoWest in a $76.1 mil ($585/sf) transaction. The asset was sold by Davlyn Investments.
Northridge Summit is located at 122...