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• Harbor Associates Pays $34 Mil for Carlsbad Office Park
3/10/20
Long Beach-based Harbor Associates has acquired Cornerstone Corporate Center, a 177.9k sf, Class A office park in Carlsbad, for $34.2 mil ($192/sf). The multi-tenant, multi-building asset was sold by Salt Lake City-based Wasa...
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• El Cajon Office Building Sells for $345/sf
3/10/20
Grossmont Summit, a 16.1k sf, medical office building in El Cajon, was acquired by a local medical group for $5.55 mil ($345/sf). The seller was a private investor.
Located at 1380 El Cajon Blvd, Grossmont Summit is a two-st...
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• Westcore Properties Raises $150 Mil Equity Facility
3/04/20
San Diego-based Westcore Properties has raised $150 mil in equity money through an institutional investor. Westcore, an industrial real estate firm, will use the facility along with third party debt to increase their buying c...
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• Tech Industry Plays Major Role in San Diego’s Office Market
3/03/20
The San Diego office of Cushman & Wakefield has just published a new report entitled Tech Industry’s Impact on San Diego’s Office Market, as of February 2020. This local report provides considerable analysis into many aspects...
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• Stos Partners and Long Wharf Capital Make $11 Mil Industrial Buy in San Diego
2/28/20
A joint venture between Stos Partners and Boston-based private equity firm Long Wharf Capital has acquired a 55k sf industrial asset in San Diego’s Miramar submarket in an $11 mil ($200/sf) off-market transaction. The propert...
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• Escondido Retail Asst Trades for $344/sf
2/27/20
A 7.5k sf, AutoZone-anchored retail building in Escondido sold for $2.58 mil ($344/sf). Built in 1986, the property is located at 440 West Felicita Ave, east of I-15 at Centre City Pkwy.
The retail center was 100% leased to ...
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• San Diego Area Office Building Bought for Over $4 Mil
2/26/20
A free-standing, 19.6k sf office building in San Diego’s Rancho Bernardo area sold for $4.25 mil ($217/sf). The two-story building, located at 17085 Camino San Bernardo, near abundant retail amenities, residential homes and s...
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• Commercial Property in San Diego’s East Village Trades for $370/sf
2/26/20
JCKL Partners LLC has purchased The Pac Lofts Building, a 20k sf commercial building in San Diego’s popular East Village area for $7.4 mil ($370/sf). The property is located at 701 Island Ave, at the corner of Seventh Ave and...
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• San Diego Union Completes Exchange Transactions Totaling $6.58 Mil
2/20/20
UNITE Here Local 30 recently completed two transactions making up a 1031 exchange in San Diego’s Bankers Hill and Sherman Heights neighborhoods. Local 30 is the hotel and hospitality workers’ union in San Diego, representing ...
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• Carlsbad Creative Office Campus Listed for Sale
2/18/20
A two-building, 53.2k sf creative office campus in Carlsbad has just been put on the market. The property, lift, was constructed in 2019 and is a mixed-use, office and retail project in the heart of San Diego’s North County. ...
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• Retail Asset in San Diego’s Imperial Beach Sells for $764/sf
2/18/20
A 15.9k sf retail center consisting of four fully occupied, freestanding, triple-net-leased outparcel pads in the San Diego-area community of Imperial Beach, sold for $12.15 mil ($764/sf). The property is part of Breakwater T...
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• Mark Your Calendars => March 19 is RENTV's Annual San Diego State of the Market Conference
2/14/20
Find out what to expect in the coming year from San Diego's active office, industrial, retail and multifamily commercial real estate markets as many of the industry's leading experts in the region offer their indepth insight...
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• La Jolla Apartment Building Sells for $387k/Unit
2/12/20
In a multifamily sale comp from La Jolla, a private investor paid $3.1 mil for an eight-unit ($387.5k/unit) apartment community. Located at 7342 Girard Ave, the 4k sf property was originally built in 1954 and is comprised of ...
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• Sorrento Mesa Office Building Purchased for Over $4 Mil by Private Investor
2/12/20
An 18.8k sf office building in Sorrento Mesa sold for $4.05 mil ($215/sf). Located at 4920 Carroll Canyon Rd, the building sits on a one-acre lot and was originally built in 1986.
The two-story property, which features floo...
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• Sea Breeze Properties Starts Work on Torrey Highlands Mixed-User
2/06/20
Sea Breeze Properties has broken ground on MERGE 56, a 40-acre mixed-use development in San Diego’s Torrey Highlands area. Adjacent to State Route 56 at Camino Del Sur, MERGE 56 will be comprised of approximately 450k sf of C...
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• Mixed-Use Project in San Diego’s Hillcrest Neighborhood Gets Financing
2/05/20
Hillcrest 111, a seven-story, mixed-use project to be built in San Diego’s Hillcrest neighborhood, has been provided $43 mil in construction financing. The project, a development of a joint venture between Greystar and Cigna ...
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• San Diego Office Campus Refinanced with $111 Mil Loan
1/30/20
Swift Real Estate Partners has secured new financing on its Rancho Vista Corporate Center, an 817k sf, office/R&D campus in San Diego. The $111.5 mil refi loan was arranged by CBRE Capital Markets’ Debt & Structured Finance g...
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• La Jolla Village Retail Building Goes for $1,889/sf
1/28/20
An 8.1k sf, freestanding retail building in La Jolla Village sold for $15.3 mil, or $1,889/sf. The multi-tenant property sits on 0.34 acres at 1133-1147 Prospect St, within a prominent core area of La Jolla.
Located at the c...
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• Cabot Properties Makes El Cajon Industrial Buy
1/27/20
Cabot Properties, a Boston-based private equity commercial real estate investment firm, purchased a 150.2k sf industrial building in El Cajon for $15.9 mil, or $106/sf. Located at 2025 Gillespie Way, the property was original...
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• NoCal Investor Pays $756/sf for San Diego Area Retail Center
1/24/20
A NoCal-based private investor paid $9 mil for Sorrento Plaza, a fully occupied, 11.9k sf ($756/sf) shopping center in the Sorrento Valley submarket of San Diego. The 100% occupied property includes Subway, Rubio’s Coastal Gr...
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