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December 10, 2023
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• Work Begins on 25k sf Chemistry & Biotechnology Building at Oceanside Campus of MiraCosta Community College
MiraCosta Community College District (MCCD) has started work on a new, 25k sf design-build, two-story Chemistry & Biotechnology Building. Set for completion in July 2024, this $35.1 mil complex is situated in one of the most ...
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• San Diego Retail Center Sells in Two Deals Totaling $41.6 Mil
Shops at Palm Promenade, a 72.4k sf retail center in San Diego, traded hands for $41.6 mil in two separate transactions. The property is located at 756, 760, 762, 764, 780 and 804 Dennery Rd, east of I-805 and south of Palm A...
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• Hear and Network with San Diego CRE Experts on Dec 1 at State of the Market Conference
RENTV's annual commercial real estate event for the region will be held at the Westin Carlsbad Resort & Spa. Click here to learn more.
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• San Diego Retail Center Trades in $10.5 Mil Deal
Mesa College Square, a 25.4k sf multi-tenant retail center in San Diego, traded in a $10.5 mil ($413/sf) transaction. The property is located at 7604-7608 and 7612 Linda Vista Rd. The center sits on the highly trafficked cor...
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• Buchanan Mortgage Holdings Funds Three CA Loans Totaling $55 Mil
Buchanan Mortgage Holdings LLC (BMH), an affiliate of Buchanan Street Partners L.P., recently closed three loans in California totaling $55 mil. The financing deals were for development land in San Diego, an office to res con...
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• DAHLIN Architecture | Planning | Interiors Acquires Design Line Interiors
DAHLIN Architecture | Planning | Interiors has acquired Del Mar, CA-based Design Line Interiors. DAHLIN will also be expanding its multiple practice team of accomplished designers dedicated to serving the needs of clients by ...
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• Hines and USAA Real Estate Break Ground on 200-Acre TOD Project in Mission Valley
Hines and USAA Real Estate have begun construction on phase one of Riverwalk San Diego, a 200-acre transit-oriented development in western Mission Valley. Riverwalk San Diego will transform the existing Riverwalk golf course ...
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• BLT Enterprises Closes on $130 Mil of SoCal Industrial and Creative Office Acquisitions
BLT Enterprises recently acquired seven SoCal industrial and creative office properties for a total of $130 mil. Located throughout Los Angeles County, Orange County, and San Diego County, California, the acquisitions total n...
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• Private Investors Trade Office Building in San Diego’s Sorrento Mesa Area for $5.25 Mil
A 17.2k sf office building in San Diego’s Sorrento Mesa submarket traded to a local private investor for $5.25 mil, or $305/sf. Built in 1982, the property is located at 5752 Oberlin Drive. The two-story office building sits...
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• Community Preservation Partners Acquires Multifamily Communities in CA, NM and AZ
Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona. One of the properties is Park Villa apartments in El Cajon, CA. The property is compris...
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• Murphy Development to Build 203k sf Phase II of Brown Field Technology Park in Otay Mesa
In industrial development news out of San Diego County, Murphy Development Company (MDC) secured $35.35 mil in construction financing for the development of Phase II of Brown Field Technology Park, two to-be-built Class A ind...
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• Sharp Healthcare Spends $27.5 Mil on Kearny Mesa Office Project
Sharp Healthcare, Inc paid $27.5 mil for a 95k sf ($289/sf), two-building corporate office project in San Diego’s Kearny Mesa area. Sharp Healthcare is one of San Diego’s largest health care providers. The property, located ...
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• San Diego Planet Fitness Property Sells for $479/sf
A SoCal-based family partnership paid $8.15 mil for a 17k sf ($479/sf), single-tenant property occupied by Planet Fitness in San Diego, in an all-cash deal. At a 4.90% cap rate, the sale broke a national record for the lowest...
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• Mixed-Use Building in Encinitas Fetches Over $1,100/sf
A 3.4k sf, mixed-use office and residential property in the heart of downtown Encinitas was sold in a recent $3.9 mil ($1,147/sf) transaction as part of a 1031 exchange. Built in 2005, the unique two-story building is located...
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• Renovated Del Mar Office Building is Fully Leased
Bungalows Del Mar Office, a 39.5k sf renovated office building in San Diego’s Del Mar area, has been leased up. The property, located at 2010 Jimmy Durante Blvd, had been vacated by Harbor Associates, who recently completed t...
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• Champion Real Estate Company Pays $12.7 Mil for Former Fraternity House Near San Diego State University
Champion Real Estate Company has acquired a former fraternity house adjacent to San Diego State University for $12.7 mil. The property, located at 5505-25 Lindo Paseo, will be rebranded as Victory at SDSU. This purchase is ...
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• Private Investor Buys Kearny Mesa Office Building for Over $9 Mil
A 24.4k sf office building in San Diego’s Kearny Mesa submarket was purchased by a private investor for $9.2 mil, or $378/sf. The buyer, who was completing a 1031 exchange, went non-refundable upon the opening of escrow and c...
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• El Cajon Multifamily Community Traded in $34 Mil Deal
The Madison, a 110-unit apartment community in the East San Diego County City of El Cajon, sold for $34 mil, or $309k/unit. Built in 1976, the property is located at 1360 East Madison Ave. The Madison comprises a unit mix of...
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• San Diego Life Sciences Campus Lands $165 Mil Refi Loan
Genesis Science Center, a four-building, life sciences R&D campus totaling 252k sf owned by Phase 3 Real Estate Partners Inc and Bain Capital Real Estate in San Diego, was refinanced with a new loan for $165 mil. The three-ye...
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• North Palisade Partners Spends $5.5 Mil on San Diego Logistics Asset
LA-based North Palisade Partners acquired a 61k sf logistics facility in San Diego for $5.5 mil ($90/sf). The purchase of the 1.4-acre property, which is located at 9350 Miramar Rd, closed at the end of June with construction...
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