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• Carlsbad Biz Park Goes for Over $19 Mil
6/18/24
Arroyo Business Center, a 64k sf, multi-tenant light industrial park in Carlsbad, was purchased for $19.3 mil ($301/sf) by an unnamed global private equity firm. Located at 6352 and 6354 Corte Del Abeto, the North San Diego C...
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• Chicago Investment Entity Spends $9.8 Mil on San Diego Area Office Property
6/18/24
Aerofund Financial Plaza, a 48.6k sf, multi-tenant office building on over 1.3 acres in San Diego’s Mission Valley neighborhood, was acquired by Chicago-based CES Remington LLC for $9.8 mil ($201/sf). Located at 4025 Camino d...
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• Driftwood Capital Starts Work on Marriott Hotel Project in San Diego’s Mission Valley Area
6/14/24
Driftwood Capital has started work on the Element Hotel by Marriott in San Diego County’s Mission Valley area. The project, located at 8757 Rio San Diego Dr, next to the existing full-service Marriott Hotel Mission Valley, wa...
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• Commercial Real Estate Financing Briefs
6/12/24
JLL CAPITAL MARKETS -- Eric Tupler, Kristian Lichtenfels, Chris Collins, Will Mogk and Jarrod Howard with JLL Capital Markets arranged $30 mil in financing for a three-property industrial portfolio totaling 330....
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Decron Properties Closes $99 Mil Retail Buy in San Diego
6/07/24
Decron Properties has acquired Mira Mesa Market West Shopping Center, a 238.7k sf shopping center in the San Diego submarket of Mira Mesa, for $99 mil ($415/sf). The acquisition of the fully leased center included the assumpt...
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• Commercial Real Estate Financing Briefs
5/31/24
CBRE CAPITAL MARKETS - Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE's Capital Markets Debt and Structured Finance team secured a $44 mil refi loan on Queen Creek Commerce...
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• San Diego Investor Spends $8.6 Mil on 25-unit Oceanside Multifamily Property
5/29/24
Hillsborough Apartments, a 25-unit multifamily property in Oceanside, was purchased by a private investor in an $8.62 mil transaction. The selling price works out to $344.8k/unit and $447/sf.
Located in Oceanside’s Loma Alta...
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• Leonardo DRS Signs Expansion Lease for Additional 17k sf in Rancho Bernardo
5/27/24
Leonardo DRS signed an expansion lease for an additional 16.5k sf of space at 16465 Via Esprillo, within Discovery Corporate Center in Rancho Bernardo. The Italian-owned defense contractor now occupies the entire 84.3k sf bui...
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• San Diego Office Tower Lands $82 Mil Refi
5/21/24
Sunroad Enterprises has landed an $82.46 mil refi on Sunroad Centrum Office Tower, an 11-story, Class A office building totaling 274.8k sf in San Diego. The five-year, fixed-rate senior loan was arranged by JLL Capital market...
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• Birtcher Anderson & Davis and Nuveen Spend $26.5 Mil on San Diego-Area Industrial Asset
5/15/24
A joint venture between Birtcher Anderson & Davis and Nuveen acquired a 107.6k sf, multi-tenant industrial building located in San Diego’s Miramar submarket for $26.5 mil ($246/sf). The building is located at 7949 Stromesa Ct...
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• AAA Management Lands $78 Mil in Construction Money for 251-Unit San Diego Res Development
5/07/24
San Diego-based AAA Management has obtained $78.5 mil in construction financing for Ion Clairemont, a 251-unit, mid-rise multifamily development in San Diego’s Kearny Mesa area. The project, located at 8333 Clairemont Mesa Bl...
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• Vista Industrial Property Fetches $250/sf
4/24/24
In an industrial sales comp out of Vista, Dangra Inc purchased a 35.5k sf, Class A property for $8.8 mil ($250/sf). The property was sold by Hana Roads Holdings LLC.
Located at 2350 Oak Ridge Way, the building features 26k s...
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• La Mesa Store Property Sells for $450/sf
4/19/24
A 14k sf retail store building in La Mesa sold for $6.3 mil, or $450/sf. The property, sitting on 1.27 acres at 8375 Hercules St, is the former home of a Lamps Plus location.
The building’s site, strategically located along...
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• California Schools Voluntary Employee Benefits Association Buys Office Building in San Diego
4/19/24
California Schools Voluntary Employee Benefits Association purchased a 45.9k sf office building in San Diego’s Kearny Mesa area for $12.2 mil ($266/sf). The property is located at 3990 Ruffin Rd, west of I-15 and north of Aer...
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• L.A.-Based Buyer Spends $24.5 Mil on Two Industrial Buildings in Vista
4/12/24
Two fully leased industrial buildings in Vista totaling 111.5k sf of space traded hands in a recent $24.5 mil ($220/sf) transaction. The buildings, situated on 6.39 acres at 2210 Oak Ridge Way and 2325 Cousteau Court, were a...
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• Work Completed on New Springhill Suites by Marriott Hotel in Chula Vista
3/27/24
Construction has been completed on a 179-room Springhill Suites by Marriott in eastern Chula Vista, CA. The new 127.6k sf, all-suite hotel is located at 870 District Pl, in the city’s Eastlake area. The project was built for ...
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• King Street Properties Underway with 60k sf Spec Life Sciences Project in Sorrento Mesa
3/26/24
King Street Properties has unveiled plans for a new 60k sf, spec lab and life sciences redevelopment, Mesa Labworks, in San Diego’s Sorrento Mesa submarket. King Street is converting the existing single-story building located...
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• Office Building in San Diego Sells for $17 Mil
3/26/24
A 54k sf, two-story office building in San Diego’s Kearny Mesa area traded for $17 mil. The fully leased office building sold for $315 per square foot, equating to a first-year cap rate of 8.5%. We’re told this marks the high...
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• R&D/Lab Portfolio in Rancho Bernardo Gets New Owner in $30.8 Mil Deal
3/19/24
Dollinger Properties purchased a 90k sf R&D/Lab portfolio in San Diego’s Rancho Bernardo area in a $30.8 mil ($342/sf) transaction. The portfolio consists of two fully leased buildings located at 16981 Via Tazon and 11501 Ran...
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