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• MIG Real Estate LLC Picks Up Two Hotels in Old Town San Diego
1/24/22
MIG Real Estate LLC has purchased two hotels totaling 299 rooms in Old Town San Diego. The acquisitions include the Courtyard San Diego Old Town, at 2435 Jefferson St, and the Fairfield Inn & Suites San Diego Old Town, at 39...
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• Vista Medical Office Building Trades for Over $550/sf
1/19/22
IRA Capital purchased a 20.3k sf, single-tenant, NNN-leased medical office building in Vista for $11.25 mil, or $554/sf. The two-story building, located at 910 Sycamore Ave, is fully leased to UCSD Health.
Built in 1990, the...
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• Hill Properties Spends $17.5 Mil on San Diego Area Industrial Asset
1/18/22
San Diego-based Hill Properties acquired Via Frontera Business Park, an 80.9k sf property comprising two industrial/R&D flex buildings in Rancho Bernardo, for $17.5 mil ($216/sf) in an off-market deal. The multi-tenant proper...
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• Rancho Bernardo Office Building Trades for Around $445/sf
1/13/22
Here’s news of a Class A office trade that just closed in the Rancho Bernardo Submarket of San Diego. The deal was for The Pinnacle, a 110k sf building located at 10920 Via Frontera, west of I-15 and south of Rancho Bernardo ...
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• Stos Partners Buys 25-Unit Res Property in El Cajon
1/11/22
Stos Partners recently acquired Lincoln Washington Apartments, a 25-unit multifamily property in El Cajon, in a $6 mil ($240k/unit), off-market transaction. The property is located at 685 S. Lincoln Ave, south of I-8 and west...
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• Medical Office Property in Vista Goes for Over $8 Mil
1/06/22
ShareMD acquired Tri-City Medical Arts Building, a two-story, 33.9k sf medical/office property in Vista, for $8.3 mil ($245/sf). The property was sold for the first time in its 40-year history by the original owners, a partne...
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• San Diego Retail Center Trade Comps at $386/sf
1/06/22
A private investor paid $27.2 mil for Fallbrook Mercantile Center, a 70.4k sf ($386/sf), grodcery-anchored retail center in the San Diego County community of Fallbrook. The property was sold by Gerrity Group LLC.
Fallbrook M...
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• Four-Unit Res Building in San Diego’s Ocean Beach Sells for $588k per Unit
12/30/21
A four-unit apartment complex in San Diego’s Ocean Beach, a block away from the Pacific Ocean, sold for $2.35 mil, or $587.5k per unit. The 1.9k sf property sits on a 6.7k sf lot at 1703-19 Bacon St.
The property consists of...
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• Waterford Property Company and the California Statewide Community Development Authority Acquire 314 Res Units in Escondido for Essential Rental Housing
12/30/21
A public-private partnership between Waterford Property Company and the California Statewide Community Development Authority (CSCDA) has purchased the Lyon Living multifamily portfolio for $157 mil. The portfolio, consisting ...
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• Chula Vista Res Property Sells for $230 per Unit
12/29/21
Positive Investments paid $6 mil for The E Street Apartments, a 26-unit ($230.8k/unit) apartment complex in Chula Vista. The 13.5k sf property is located on a 27k sf lot at 585 E St.
The E Street Apartments, constructed in 1...
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• Buchanan Street Partners Spends $34 Mil on San Diego Area Self-Storage Asset
12/24/21
Buchanan Street Partners has acquired a new three-story, climate-controlled self-storage facility located at 1340 North Melrose Dr in Vista for $34 mil in an off-market transaction. The 112k sf facility is comprised of 1,200 ...
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• EastGroup Properties Closes $135 Mil San Diego Area Industrial Buy
12/23/21
EastGroup Properties purchased Viva Logistics Center II, a four-building, 547k sf logistics center in Otay Mesa. The Class A, institutional-quality industrial asset traded for $135 mil ($247/sf).
Viva Logistics Center II fea...
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• Retail Strip Center in El Cajon Purchased at $950/sf Price
12/22/21
Fletcher Marketplace, a fully leased, 12k sf retail strip center in the San Diego-area community of El Cajon, sold for $11.4 mil ($950/sf). SoCal-based Brixton Capital LP sold the property to a private investor.
Completed i...
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• Multifamily Community in San Diego’s Little Italy Neighborhood Sells for $650K per Unit
12/15/21
Eighteen Ten State Street, a 99-unit, Class A multifamily property in San Diego’s Little Italy neighborhood, sold for $64.4 mil, or $650.5k per unit. The eight-story, mid-rise structure was sold by McMillin LLC.
Eighteen Ten...
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• Tooley Interests Picks Up 59k sf Grocery-Anchored Center in Carlsbad
12/14/21
Tooley Interests LLC paid $23.5 mil for Carlsbad Village Plaza, a 58.7k sf ($400/sf) retail center anchored by Smart & Final Extra! in Carlsbad. The asset was sold by Balboa Retail Partners.
As one of only two grocery-ancho...
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• Carlsbad Office/Flex Building Acquired by Miramar Capital in $20 Mil Deal
12/10/21
Aston Views, a freestanding, 83k sf office/flex building in Carlsbad, sold for $20 mil ($241/sf). The two-story building was approximately 90% leased at sale.
Built in 2001, Aston Views is located at 1808 Aston Ave and consi...
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• HomeFed Corporation Closes $167 Mil Multifamily Buy
12/07/21
HomeFed Corporation has wrapped up a $167.5 mil purchase of a 519-unit ($322k/unit) multifamily asset in Escondido. The property, Solana at Grand, features a mix of studio, one- and two-bedroom units.
Units at Solana at Gran...
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• Cypress Insurance Company Leases 34k sf Office Space in Kearny Mesa
12/02/21
Cypress Insurance Company inked a 34k sf, multi-floor lease at Sunroad Centrum, an 11-story, Class A office tower in San Diego’s Kearny Mesa area. The company is relocating its local office from downtown San Diego.
Cypress, ...
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• DMJ Capital Partners and StoneSteps Real Estate Close on 32k sf San Diego Area Office Buy
12/01/21
DMJ Capital Partners and StoneSteps Real Estate have purchased a 32.5k sf, multi-tenant office project in San Diego’s Governor Park area for $7.5 mil ($231/sf). Built in 1987, the two-building property is located at 6265 Gree...
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• El Cajon Apartment Portfolio Trades for $22 Mil
11/16/21
A four-property, 89-unit ($247k/unit) multifamily portfolio in El Cajon traded hands in a $22 mil deal. We’re told the deal marks the largest non-institutional portfolio sale in El Cajon in more than five years.
The transact...
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