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• TruAmerica and Allstate Close $90 Mil Multifamily Buy in Escondido
8/08/17
In a joint venture with Allstate, TruAmerica Multifamily has made its biggest investment in San Diego County with the acquisition of Eagles Point Apartment Community, a 519-unit property in Escondido, for $90 mil ($173.4k/uni...
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• Stos Partners Buys 170k sf Industrial Asset in Chula Vista
8/03/17
Stos Partners has acquired a 170.8k sf, two-building multi-tenant industrial project in Chula Vista for $13.45 mil ($79/sf) in an off-market transaction. The property, located at 1670-1690 Brandywine Ave, is currently 100% oc...
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• Draftsmen $ Craftsmen
8/01/17
C.W. Driver Companies has broken ground on the $17.9 mil construction of the new Mission Hills-Hillcrest Harley & Bessie Knox Public Library. The 14k sf, one-story structure will be nearly four times the size of the current l...
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• CPI Apartment Fund LLC Picks Up 102k sf Office Asset in Vista
7/31/17
CPI Apartment Fund LLC has purchased Melrose Law Center, a 102.3k sf office property in Vista, for $9.85 mil ($96/sf). The property, which was sold by Vista-based Harmatz Investment Corporation, was 56% leased by professional...
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• Oceanside RV Park Refinanced with New Loan for $12 Mil
7/28/17
Pacific Current Partners has refinanced Oceanside RV Park, a 138-space coastal asset in the northern San Diego County beach community of Oceanside. The new interest-only, floating-rate loan for $12 mil was arranged by HFF and...
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• CVG Properties Inc Buys 70-Unit Apartment Property in Santee
7/27/17
CVG Properties Inc paid $13 mil for Carlton Heights Villas, a 70-unit ($185.7k/unit) multifamily complex in Santee.
The property, located at 9705 Carlton Hills Blvd, north of Hwy 52, was 96% occupied at the time of sale.
B...
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• Downtown San Diego Office Complex Traded in $34 Mil Transaction
7/26/17
Paragon Real Estate Fund, LLC closed on a sizable San Diego-area office acquisition, paying $34 mil for Art Center Block, which consists of five office buildings totaling 132.9k sf. The asset, situated on an entire city block...
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• San Diego Apartment Property Trades for $277k/Unit
7/26/17
Vue at Lake Murray, a 65-unit multifamily community in San Diego, sold for $18 mil ($277k/unit) in a recent investment buy. The property is located at 6867 Golfcrest Dr, north of I-8 and west of Hwy 125.
The property has res...
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• Mid-Year Numbers Flat for San Diego Industrial Sector
7/20/17
San Diego’s industrial sector showed a minimal loss in occupancy during the second quarter, although it’s viewed as a mere blip as the market as a whole maintains solid footing, according to Cushman & Wakefield’s just release...
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• Downtown San Diego Commercial Condo Sells for Over $400/sf
7/20/17
A 27k sf office/retail condo in the ground floor of Downtown San Diego’s The Legend, a 200-unit mixed-use residential tower, sold for $11.4 mil ($422/sf). The buyer was HP Investors LLC.
The property is located directly adja...
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• Construction Started on 91k sf San Diego Area Industrial Project
7/17/17
Badiee Development has begun work on Escondido Victory Industrial Park, a 91k sf project that represents Escondido’s first, new industrial development in more than a decade.
Escondido Victory Industrial Park, located at 200...
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• Mission Valley Office Asset Traded in $10 Mil Transaction
7/13/17
San Diego’s Mission Grove Office Park, a two-building, 65.5k sf complex, has sold to an investor for $10.3 mil ($157/sf). Mission Grove was approximately 94% leased at the time of sale to a diverse tenant mix of nearly 20 te...
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• American Assets Trust Spends $42 Mil on Chula Vista Shopping Center
7/13/17
Gateway Marketplace, a 127.9k sf shopping center anchored by both Smart & Final and Aldi in the San Diego county community of Chula Vista, traded for $42 mil, or $328/sf. The asset, situated on 9.95 acres at 40 North 4th Ave,...
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• RAF Pacifica Group Underway with Over 500k sf of Creative Industrial Space in North San Diego County
7/12/17
RAF Pacifica Group has broken ground on three ground-up creative industrial developments totaling $110 mil in North County San Diego. The developments encompass over half a million square feet of high-quality creative industr...
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• Fowler Property Acquisitions Buys 185-Unit Apartment Complex
7/10/17
Fowler Property Acquisitions has purchased the leasehold interest in The Village at Morena Vista, a 185-unit multifamily complex in San Diego, for $65 mil. The property also contains 18.8k sf of on-site retail, including dail...
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• Freestanding Retail Building in Santee Goes for $644/sf
7/07/17
A 7.3k sf, free-standing retail building in the San Diego submarket of Santee has sold for $4.7 mil ($644/sf). The property is located at 130 Town Center Pkwy, north of Hwy 52 and west of Cuyamaca St.
The building has two te...
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• CBRE Arranges $85 Mil in Purchase Money for MG Properties’ 410-Unit Vista Res Buy
6/29/17
CBRE Capital Markets’ Debt & Structured Finance team has arranged a $84.9 mil loan on behalf of MG Properties, for the financing of Alexan Melrose, a Class A multifamily complex in Vista. MG just acquired the 410-unit asset f...
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• Commercial Equity Partners Buys Majority Ownership of 30k sf Office Property in Encinitas
6/28/17
Commercial Equity Partners recently acquired the majority interest in a 30.7k sf, San Diego-area office property in a deal valued at $10.4 mil. The property, located at 171 Saxony Rd, east of I-5 and north of Encinitas Blvd i...
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• San Diego Area Medical Office Property Fetches $646/sf
6/22/17
Torrey Hills Medical Plaza, a 44.1k sf, Class A medical office building in the Del Mar Heights/Carmel Valley submarket of San Diego, traded hands in a recent $28.5 mil ($646/sf) transaction. Completed in 2005, the two-story b...
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• San Diego Apartment Property Fetches $227k/Unit
6/21/17
A private investor paid $10.43 mil for a 33k sf, 44-unit ($226.9k/unit) apartment property in San Diego. The property, located at 4720-4732 Hawley Blvd, was sold by San Diego-based Perform Investments LLC.
The property featu...
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