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• Carlsbad Apartment Property Goes for $435k/Unit
12/05/24
Here’s a quick comp on a Carlsbad apartment property that just sold. The 20-unit asset fetched $8.7 mil, or $435k/unit.
Built in 1972, the 16.9k sf property sits on a 26.6k sf lot located at 975 Laguna Dr, just west of I-5....
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• Carlsbad Industrial/Flex Facility Trades in $49.5 Mil Owner/User Buy
12/04/24
In a recent owner/user buy, IDEC Corporation purchased Studio 2200, a 233.2k sf freestanding industrial/flex building in Carlsbad, for $49.5 mil ($212/sf). IDEC is a leading manufacturer of industrial automation and control p...
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• Rancho Bernardo Office/Flex Building Gets New Owner in $10 Mil Deal
11/26/24
A 35.3k sf, fully vacant office/flex building in San Diego traded for $9.95 mil ($282/sf) in an all-cash, off-market deal. The property is located at 16980 Via Tazon, just west of the 15 Fwy in the Rancho Bernardo area.
Orig...
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• Parallel Capital Partners Closes $14.5 Mil San Diego Industrial Buy
11/21/24
Parallel Capital Partners spent $14.5 mil on two freestanding industrial buildings totaling 72.8k sf ($199/sf) of space located at 5965 and 5975 Santa Fe St, just east of I-5 and south of Hwy 52 in San Diego.
The buildings w...
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• San Diego County Water Authority Spends $38.7 Mil on New Industrial Facility in Escondido
11/21/24
San Diego County Water Authority purchased a newly completed, 88.6k sf freestanding industrial building on 9.5 acres in Escondido in a $38.76 mil transaction. The asset was sold by RPG in a deal that works out to $437/sf.
T...
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• Sudberry Properties Finishes Work on 360-Space Parking Structure at New Mission Valley Res Project
11/18/24
Sudberry Properties has completed construction of the 360-space, six-level parking structure at The Brynn, the firm’s fourth apartment community at Civita in Mission Valley. Sudberry is the master developer of the 230-acre Ci...
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• San Diego Multifamily Asset Trades for Over $82 Mil
11/15/24
Market Street Village Apartments, a 229-unit residential community in East Village, the fastest-growing neighborhood in Downtown San Diego, sold for $82.2 mil, or $359k/unit. The asset was sold by Equity Residential.
Located...
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• Escondido Multifamily Property Fetches $564k/Unit
11/15/24
A 14-unit townhome complex in Escondido traded hands in a recent $7.9 mil ($564k/unit) transaction. The extensively renovated property, located at 938 North Fig St, consists of all large two-story, three-bedroom, two-and-a-ha...
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• Capstone Advisors Pays $578/sf for Coastal SoCal Retail Center
11/13/24
In a notable SoCal retail trade, Capstone Advisors bought Beachwalk Shopping Center, a 55.6k sf, coastal retail property in Solana Beach, for $32.125 mil ($578/sf). Beachwalk features a diverse tenant mix including food and b...
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• Commercial Real Estate Financing Briefs
11/11/24
GANTRY -- Gantry’s George Mitsanas, Braden Turnbull and Austin Ridge secured a $55.9 mil purchase money permanent loan for the acquisition of the Huntington Oaks retail center located at 500-600 W. Huntington Dr in the city o...
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• Coastal Carlsbad Apartment Asset Sells for Over $500k/Unit
11/07/24
Dunbar Residential Investments, in partnership with Long Wharf Capital, acquired Pure Beach Living, a 40-unit residential property in Carlsbad, for $20.9 mil ($522.5k/unit). The property I located less than a half mile from t...
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• $350 Mil Student Housing Project Finished at UC San Diego’s La Jolla Campus
11/04/24
Pepper Canyon West Living and Learning Neighborhood, a new residential community located on the eastern edge of the University of California San Diego’s historic La Jolla campus, has been completed.
Anchored by two towers,...
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• New San Ysidro Owner/User Development Provides 132k sf of Office and Retail Space just North of the U.S. / Mexico Border
11/01/24
Work has been completed on a new, 132.4k sf six-story mixed-use structure in San Ysidro for Baja-Mex Insurance Services. The visually striking building was built by C.W. Driver Companies and includes a parking structure along...
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• Lennar Homes Acquires 11-Acre Res Development Site in Poway
10/31/24
Lennar Homes acquired Harmon Ranch on Oak Knoll, a 10.87-acre land development site in Poway, for $24.5 mil. The land is fully approved for 64 single-family homes.
Located at 12624, 12650 and 12702 Oak Knoll Rd, the property...
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• San Diego Office Tower Sells for $27.5 Mil
10/29/24
Ambient Communities, a San Diego-based real estate development company, acquired 530 B Street, a 24-story, 250k sf office tower in downtown San Diego, for $27.5 mil ($110/sf).
Completed in 1966, the building is located at 53...
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• RENTV's 2024 San Diego State of the Market Conference is Being Held on November 21
10/21/24
RENTV's 2024 San Diego State of the Market Conference
This annual event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throug...
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• Breakthough Properties Opens 520k sf Life Science Campus in Del Mar Heights Fully Leased
10/18/24
Torrey View, a newly-developed, 10-acre life science campus in Del Mar Heights just celebrated its grand opening. The 520k sf campus, a development of Breakthrough Properties, has been fully pre-leased to a lineup of leading ...
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• City of San Diego Leases 43k sf of Office Space at Renovated Office Tower Downtown
10/16/24
The City of San Diego has leased 43k sf of office space in downtown San Diego for its Development Services Department. The agency inked the deal at the recently renovated Five50West, a 20-story, 362.8k sf office building loca...
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• Otay Mesa Site Trades in a $5.2 Mil Deal
10/16/24
IDS Real Estate Acquisitions LLC acquired 3.34 acres of industrial-zoned land in Otay Mesa in a $5.2 mil transaction. The property was sold by FOTINM LLC.
The land is located at the northwest corner of Camino Maquiladora and...
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• Commercial Real Estate Financing Briefs
10/14/24
GREYSTONE MONTICELLO -- Darryl Myrose with Greystone Monticello closed on two bridge loans totaling $40.3 mil for two apartment complexes in Las Vegas, NV. The purpose of the loans is to refinance the outstanding bridge loans...
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