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• Private Investor Pays $700/sf for Exotic Gardens
2/28/18
Exotic Gardens, a 21-unit apartment community in San Diego, sold for $10.7 mil in a recent investment buy. The property, located at 4319 Mississippi St, west of I-805 and just north of El Cajon Blvd in the city’s University H...
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• Oceanside Office Property Purchased for $15 Mil
2/28/18
Pacific Gateway Towers, a 68.7k sf, two-building Class A office and medical project in Oceanside, was purchased for $14.94 mil ($217/sf) by Charlie Jadallah, a private investor. The property, consisting of two four-story, mul...
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• Retail Property in San Diego’s Gaslamp Quarter Fetches Over $1,100/sf
2/27/18
A 17.5k sf retail property in San Diego’s Gaslamp Quarter sold for $19.85 mil, or $1,134/sf. The three-unit property, located at 643-653 and 665 5th Ave, on the corner with G St, is the long-time home to Ghirardelli Cafe and ...
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• Retail Project in Northern San Diego County Secures $7.4 Mil in Construction Money
2/26/18
Ambient Communities secured $7.46 mil in construction financing for San Elijo Hills Town Center Phase I, which is part of the San Elijo Hills master-planned community near San Diego.
Located in San Marcos, in northern San Di...
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• Investor Snaps Up Five-Unit San Diego Property for Redevelopment Opportunity
2/20/18
A five-unit property in San Diego’s North Park neighborhood sold for $2.35 mil, or $470k per unit. The mixed-use property is situated on a 10.85k sf lot at 3085-95 El Cajon Blvd, just west of I-805.
The property will be rede...
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• Exchange Investor Pays $12.7 Mil for Oceanside Industrial Project
2/08/18
Courtyard Mira Mesa LLC, an Irvine-based investor, has acquired Rancho Del Oro Commerce Center, a 93.2k sf, multi-tenant industrial project in Oceanside, for $12.75 mil ($137/sf). The development consists of four single-story...
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• Casey Brown Company Begins Renovation of Mission Valley Office Tower
2/08/18
Looking to update and transform Tower 591, a 12-story, 183k sf Class A office tower in San Diego’s Mission Valley formerly known as Valley Corporate Center, the Casey Brown Company has started on an over $6 mil renovation of ...
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• Hobby Lobby Inks Lease for 59k sf Store in Oceanside
2/07/18
Hobby Lobby has inked a lease for a 58.6k sf store at College Plaza shopping Center in Oceanside. Terms of the lease were not disclosed.
The arts and crafts specialty retailer will backfill a significant anchor-tenant vacanc...
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• Equinvests Capital Buys Two-Building Office Portfolio in San Diego’s Golden Triangle
2/06/18
Equinvests Capital has acquired Two and Five Governor Park, a two-building, Class A office portfolio located in San Diego. The buildings total 76k sf of space and are located at 6310 Greenwich Dr (Two Governor Park) and 5060 ...
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• National City Distribution Facility Sells for Over $200/sf
2/02/18
A 91.5k sf, single-tenant industrial building in the National City submarket of San Diego was purchased for $21 mil ($230/sf) by an unnamed institutional buyer.
The property, located at 901 Bay Marina Drive, is in close pro...
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• Irvine Company Closes $105 Mil San Diego Area Office Buy
1/31/18
Irvine Company has acquired Gateway at Torrey Hills, a two-building, 197.9k sf office complex in Del Mar Heights, for $105 mil ($530/sf). The Class A asset, consisting of four-story, multi-tenant office buildings at 3570 and ...
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• Lennar Entity Pays $35 Mil for San Diego Redevelopment Site
1/30/18
New Vision Christian Fellowship Church has sold its land and facilities, totaling about 2.2 acres, in San Diego for $35 mil. The property, located at 4353 Park Blvd, south of I-8 and west of I-805, was acquired by LMC North P...
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• Carlsbad Mixed-Use Property Acquired by Family Investment Entity
1/29/18
A private family investment entity has purchased a three-story, high-end mixed-use property comprised of retail, restaurant, creative office and residential space in the Carlsbad Village submarket of San Diego for $8.2 mil. ...
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• Coastal Carlsbad Mixed-User Sells for $410/sf
1/26/18
Roosevelt Plaza @ Carlsbad Village, a 20k sf, three-story mixed-use property comprised of retail, creative office and residential located in the coastal community of Carlsbad, was sold for $8.195 mil, or $410/sf.
Built in 20...
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• Sudberry Properties Starts Work on Corp HQ Building in Scripps Ranch
1/24/18
Sudberry Properties has started construction for the second MedImpact corporate headquarters campus building, a 158k sf, six-story building with an adjacent four-level parking structure at 10159 Scripps Gateway Ct, within Wat...
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• San Diego Center Traded in a $5.25 Mil Deal
1/17/18
Midway Square, a 15.3k sf, multi-tenant shopping center in San Diego, sold for $5.25 mil, or $343/sf. The center is 100% leased to Express Tire, Auto Serve Center, Suspension Plus and Smog Check.
The property is located at ...
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• Frontera Real Estate Buys San Diego Lot for Redevelopment
1/16/18
Frontera Real Estate paid $2.64 mil for a 283.1k sf lot in San Diego that they intend to redevelop into a 110k sf self-storage facility. The property, located at 11902 Campo Rd, currently contains a trucking school and a sing...
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• San Diego Office Market Soars in 2017
1/09/18
San Diego’s office market flourished in the second half of 2017, according to Cushman & Wakefield’s latest year-end market report. With a commanding 716.6k sf of positive net absorption in the third quarter, San Diego’s offic...
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• Vista Industrial Property Trades for $3.5 Mil
1/09/18
A local private investor paid $3.5 mil for a 19.5k sf industrial building in Vista in an off-market sale. The property, located at 1221 Liberty Way, was sold by Gieger Court LLC.
Joe McDermott and Jeffrey Crocker with Kidder...
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• Sunroad Enterprises Lands $165 Mil in Financing on Two Upscale San Diego Apartment Properties
1/09/18
Sunroad Enterprises is refinancing two new luxury apartment complexes in San Diego with $165 mil in short-term first mortgage debt originated by Mesa West Capital. Sunroad developed and owns the two assets, situated in the ci...
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