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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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• Oram Hotels to Build 163-Room Hospitality Project in Downtown San Diego
1/09/18
Oram Hotels obtained $36.55 mil in construction financing for the renovation and development of The Guild San Diego, a 163-room, upscale, boutique hotel in the heart of downtown San Diego. Loan proceeds will be used to contin...
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• Encinitas Retail Asset Sells for $24 Mil
1/08/18
RAF Pacifica Group acquired the 39k sf retail portion of Pacific Station in Encinitas for $24 mil ($615/sf). Located at the southeast corner of Coast Hwy 101 and E Street, Pacific Station is a 100k sf mixed-use development th...
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• Draftsmen & Craftsmen
1/04/18
San Diego-based SCA Architecture (formerly known as Smith Consulting Architects) has completed the planning, design, and entitlements for a new 23-acre campus expansion on behalf of global communications company, Viasat, loca...
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• 11-Unit Lakeside Apartment Property Sells for Over $3 Mil
1/03/18
An 11-unit apartment complex in Lakeside, CA sold for $3.125 mil, or $284k/unit. The 11.4k sf property sits on a 20.6k sf lot at 9737 Riverview Ave, just off the 67 Fwy, about 22 miles northeast of downtown San Diego.
The ap...
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• MG Properties Closes 2017 with $117 Mil Res Buy in Vista
12/28/17
San Diego-based MG Properties Group paid $117.5 mil for Waterleaf Apartments, a 456-unit ($257.7k/unit), garden-style multifamily property in Vista. The property, located at 333 N. Emerald Dr, was sold by a venture of New Yor...
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• JELD-WEN Extends 195k sf Lease in Vista
12/27/17
JELD-WEN has agreed to a long term lease extension for 194.7k sf at the North County Corporate Center in Vista. The Charlotte, NC-headquartered company - one of the world’s largest door and window manufacturers - is fully lea...
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• KASHL Corp Buys Radisson Hotel San Diego-Rancho Bernardo
12/21/17
KASHL Corp has purchased the 178-room Radisson Hotel San Diego-Rancho Bernardo. The asset, located at 11520 West Bernardo Ct, was sold by an affiliate of San Diego-based Pinnacle Hotels USA Inc. The price was not disclosed.
...
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• Omninet Capital Buys Mission Valley Office Property
12/18/17
Omninet Capital acquired Mission Center Office Park from Kearny Real Estate Company. The three-building, 183.7k sf property in San Diego’s Mission Valley submarket was 92% leased at the time of sale.
Louay Alsadek and Hunte...
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• Seattle Investment Entity Pays $17 Mil for Carlsbad Office Property
12/18/17
Palomar Crest Corporate Center, an 81.8k sf office building in Carlsbad, was acquired by a Seattle-headquartered advisory firm for $17 mil, or $208/sf. The two-story building sits on 5.36 acres at 2701 Loker Avenue West, at t...
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• Hometown America Secures Santee Manufactured Home Community with $8.6 Mil in Financing
12/13/17
Hometown America has obtained $8.6 mil in financing for Mission Gorge Villa, a 140-home site, Class A manufactured home community for seniors (age 55+) in the San Diego County community of Santee. The property is situated on ...
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• Brighton Management Buys 150-Room Hotel in San Diego County
12/07/17
Brighton Management has acquired Hyatt Place, a 150-room hotel property in Vista. The property, located at 2645 South Melrose Dr, was sold by an affiliate of Irvine-based CoreCapital, who had purchased the hotel in 2014.
The...
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• San Diego Area Retail Property Traded in $10 Mil Deal
12/04/17
San Diego-based Becker Properties LLC bought Riverdale Shopping Center, a 66.4k sf, neighborhood retail center in San Diego’s Mission Gorge submarket, for $10.1 mil ($152/sf). It was sold by a partnership advised by San Diego...
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• Touchstone Communities Buys Former Agricultural Site in North San Diego County for New Mixed-Use Community
12/04/17
Touchstone Communities has acquired 75 acres of former agricultural land in San Diego’s Valley Center region. The buyer plans to use the land to develop a brand new mixed-use residential community, known as Park Circle, which...
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• Luxury Res Project in Torrey Hills Trades
11/29/17
Ocean Air L.P., an affiliate of R&V Management Corporation, has purchased Ocean Air luxury condominium rental homes, a 100-unit luxury residential property in Torrey Hills. It was sold by TH Real Estate (an affiliate of Nuvee...
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• Private Investor Picks Up La Jolla Office Property
11/22/17
Tower Investments LLC, a Sacramento-based investor, paid $3.2 mil for a 19.1k sf ($167/sf), multi-tenant office property in La Jolla. The three-story building is situated on an 11.3k sf parcel at 800 Silverado St, a block eas...
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