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• Pathfinder Partners and Silvergate Development to Develop 130-Unit Apartment Community in La Mesa
7/26/18
Pathfinder Partners LLC has partnered with San Diego-based developer, Silvergate Development LLC, to acquire Little Flower Haven – a 4.1-acre former convent and senior retirement community in La Mesa, in east San Diego County...
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• San Diego Area Life Science Campus Refinanced with $149 Mil Loan
7/25/18
Phase 3 Real Estate Partners Inc has refinanced its Genesis Campus Point, a three-building, state-of-the-art life science campus totaling 314.1k sf in San Diego’s UTC submarket, with a new loan for $149 mil.
Genesis Campus P...
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• BOSA Development to Transform Vacant Building in Downtown San Diego into Class A Office Property
7/19/18
BOSA Development will redevelop a vacant building located at 777 Front Street in downtown San Diego into a new Class A, 162k sf office building. The building will be able to accommodate a variety of requirements ranging from...
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• Grocery Chain ALDI Signs Lease for New Store in Mira Mesa
7/19/18
Grocery chain ALDI has inked a deal for a 20.2k sf supermarket in Mira Mesa’s Plaza Sorrento, opening in the fall of 2018. Terms of the lease were not disclosed.
ALDI will be the grocery anchor at the project, which is locat...
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• Two Industrial Buildings in Scripps Ranch Business Park Trade Hands
7/09/18
Two light industrial buildings totaling 27.8k sf in Scripps Ranch Business Park were acquired by Carroll Canyon Properties, LP in an off-market transaction. The price was not given out.
The two-building project sits on a 2.1...
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• Brixton Capital Buys El Cajon Property for Redevelopment Project
7/09/18
Brixton Capital purchased a former El Cajon Police Station, located at 100 Fletcher Pkwy in the city of El Cajon, for $4.2 mil. The site, purchased from the City of El Cajon, marks Brixton’s fourth acquisition of 2018.
Brixt...
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• The Certe Group Buys Avilla Heights Apartment Complex in Chandler, AZ
7/03/18
San Diego-based The Certé Group LLC has acquired Avilla Heights, a luxury 116-unit apartment complex in Chandler, AZ. Although we don’t have the purchase price, we do know that the deal was financed with an $18.3 mil Fannie M...
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• Construction Nearly Finished on Luxury Res Project in Northeast San Diego County
6/29/18
Work is nearing completion on the model units at Paseo Village Townhomes, a 31-unit, luxury res project in the northeast San Diego County community of Ramona. The project is being developed by a partnership of San Diego-based...
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• Wakeland Housing & Development Buys San Diego Land for Development
6/28/18
Wakeland Housing & Development Corporation has acquired a 1.11-acre property in San Diego’s Clairemont neighborhood for $4.05 mil. The firm plans to redevelop the property into an affordable housing community.
The property...
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• Thomas Jefferson School of Law Leases 56k sf of Class A Office Space in Downtown San Diego
6/27/18
Thomas Jefferson School of Law inked a new lease to reposition but retain its campus within the heart of downtown San Diego. The Law School leased a total of 56.3k sf spanning two full floors at 701 B St, west of I-5 and just...
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• Community Retail Center in Chula Vista Purchased in $58 Mil Deal
6/26/18
Protea Properties LLC closed on a significant SoCal retail buy, paying $58.5 mil for Broadway Plaza, a 356.3k sf ($164/sf) community retail center located in Chula Vista, a city within south San Diego County. It was sold by K...
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• Commercial Real Estate Financing Briefs
6/25/18
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
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• Apartment Complex in San Diego’s Bankers Hill Neighborhood Fetches $580k/Unit
6/22/18
25 on Fifth, a 25-unit apartment complex in San Diego, was purchased by Next Space Development Realty Inc for $14.5 mil ($580k/unit). Acquisition equity for the deal was provided by Pacifica Companies.
25 on Fifth is located...
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• Harbor Associates and Ascentris Buy 110k sf Office Building in Rancho Bernardo
6/21/18
Harbor Associates LLC and Ascentris have teamed up in a San Diego-area office buy. The venture has acquired The Pinnacle, a 110.1k sf, five-story Class A building located at 10920 Via Frontera, in the north San Diego submarke...
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• New Residential Complex in Chula Vista Brings $35 Mil
6/21/18
Stone Creek Apartments, a recently constructed 97-unit luxury apartment community located in Chula Vista, sold for $35 mil ($360.8k/unit).
Stone Creek Apartments was completed in April 2018 and features first-rate amenities...
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• San Diego Area Office Campus Traded in $100 Mil Deal
6/18/18
Pendulum Property Partners recently acquired StoneCrest, a 327.2k sf, Class A office campus centrally located in San Diego County, for $100.3 mil ($306/sf) in an off-market transaction. Situated in San Diego’s Kearny Mesa su...
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• Carlsbad Hotel Purchased by Pacifica Companies Affiliate
6/12/18
West Inn & Suites, an 86-room hotel in Carlsbad, was acquired by an affiliate of San Diego-based Pacifica Companies. It was sold by West Real Estate LLC, who had developed the hotel along with the West Steak & Seafood Restaur...
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• La Mesa Residential Asset Purchased for $14 Mil
6/06/18
Rimrock Apartments, located at 8420 Buckland St in La Mesa, was purchased for $14.1 mil by Joehnk LLC, a Wyoming-based closed limited liability company. The 62-unit ($227.4k/unit), garden-style residential community provides ...
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• American Specialty Health Agrees to $110 Mil Renewal of 200k sf in Sorrento Mesa
6/05/18
American Specialty Health Inc has agreed to renew nearly 200k sf of office space at the The Elements in Sorrento Mesa for over ten years. The deal is worth $110 mil.
The Elements is located at 10201 Wateridge Circle and 1022...
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• Encinitas Development Site Trades Hands
6/04/18
A 4.42-acre residential development land parcel in Eninitas traded hands. The property, located at 710 Requeza St, was purchased by Requeza 13 LP.
710 Requeza St is entitled for the development of 13 single-family residentia...
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