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• Laguna Beach Retail/Res Portfolio Sells in $33 Mil Deal
6/21/17
A five-property retail portfolio in Laguna Beach was acquired by 4G Ventures in a $32.9 mil deal.
The portfolio includes: an eight-unit oceanfront luxury vacation rental property called Sunset Cove Villas, located at 683 Sl...
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• MG Properties Group Completes $134 Mil Res Buy in Vista
6/21/17
Alexan Melrose, a 410-unit, Class A apartment community in the northern San Diego suburb of Vista, was purchased for $134 mil ($327k/unit) free and clear of existing debt by MG Properties Group. The asset was sold by Trammell...
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• Construction Tops Out on Mixed-Use Project in San Diego’s East Village
6/20/17
Construction on Shift, a 631k sf mixed-use community in downtown San Diego’s East Village neighborhood, has topped out. The project, being built by Swinerton, includes a 21-story post-tensioned concrete tower and two five-sto...
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• Exchange Investor Buys Oceanside Industrial Asset
6/16/17
Cornwell Business Center, a two-building, 49.6k sf flex industrial property in Oceanside, traded for $9.2 mil, or $185/sf. Built in 2000, the property is situated on 5.71 acres of land at 1945 and 1949 Avenida Del Oro.
Cornw...
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• Barrister Renews Executive Suite Location in San Diego’s Torrey Pines Area
6/15/17
Barrister Executive Suites Inc has renewed its lease for an 18.7k sf executive suites location in San Diego. The deal is for first floor space at The Torrey Reserve building, located at 11622 El Camino Real, adjacent to I-5 a...
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• South San Diego Industrial Facility Traded in $19 Mil Deal
6/09/17
A 205.8k sf, fully-leased industrial facility in south San Diego has sold for $19.3 mil ($94/sf). The facility is located at 2055 Dublin Dr, within close proximity to the Otay Mesa Port of Entry at the U.S./Mexico internation...
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• Carlsbad Office Property Trades in $8.55 Mil Deal
6/06/17
Plaza Del Norte, a 30.3k sf, multi-tenant office and medical building in Carlsbad, was purchased by Stephen Rogers for $8.55 mil, or $282/sf. The property was approximately 90% leased at the time of sale to a diverse tenant r...
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• Vista Multifamily Property Purchased for $8.9 Mil
6/02/17
Vista Hills Apartments, a 42-unit multifamily property in Vista, has sold for $8.9 mil ($212k/unit). The property, located at 128 Hill Dr, west of Melrose Dr and just north of Hwy 78, was purchased by Eric Kramer, a private i...
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• El Cajon Res Complex Goes for Over $200k/Unit
5/31/17
Tribecca on Mollison, a 68-unit condo-quality multifamily complex in El Cajon, traded for $14.1 mil, or $207.3k/unit. The 57k sf property, situated on 2.84 acres at 520 S. Mollison Ave, south of I-8 and east of Hwy 124, was p...
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• BLT Enterprises Spends $9 Mil on Carlsbad Industrial Asset
5/31/17
BLT Enterprises has acquired a 60k sf industrial building in Carlsbad for $9 mil, or $150/sf. The seller, El Cedro LLC, leased-back the entire property for three years as part of the deal.
The two-story property is located...
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• Rexford Industrial Realty Spends $141 Mil on Ontario Biz Park
5/26/17
SoCal-based Rexford Industrial Realty Inc recently closed two industrial transactions, an acquisition and a disposition, totaling over $181 mil. The larger deal was the purchase of Safari Business Center, a 1.14 msf project i...
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• National City Apartment Property Trades for $161k/Unit
5/26/17
A 29-unit multifamily complex in the San Diego neighborhood of National City sold for $4.675 mil, or $161.2k/unit. The property is situated on 1.18 acres at 900 Manchester St, east of I-805 and north of Hwy 54.
The property ...
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• Aspyrian Therapeutics Leases 20k sf of HQ Space in Sorrento Valley
5/25/17
Aspyrian Therapeutics, a privately funded clinical stage biotechnology company, has inked a lease for 20k sf of HQ space at Coast 9 in San Diego. Owned by BioMed Realty, Coast 9 is a nine-building, Class A life science campu...
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• Strategic Legacy Investment Group Launches San Diego Operation
5/24/17
LA-based Strategic Legacy Investment Group Inc (SLIG) is expanding its real estate operations to San Diego, with the opening of a new branch there. The new branch will be named Strategic Legacy Realty, San Diego (SLRSD) and w...
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• San Diego Res Property Trades for $12 Mil
5/24/17
Hampton Court, a 43-unit multifamily community in San Diego, has sold for $12.04 mil, or $280k/unit. The complex is located at 4526 Illinois St, within walking distance to popular restaurants and nightlife in North Park and N...
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• Former Post Office Property in Point Loma Sells for $40 Mil
5/19/17
A 16-acre coastal site in the Point Loma/ Midway area of San Diego has sold for $40.05 mil. The property, bounded by Barnett Ave and Midway Dr, previously served as a post office distribution facility for the City of San Dieg...
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• San Diego Apartment Complex Sells for $232 Mil
5/12/17
In one of the largest apartment sales out of San Diego County in some time, American Assets Trust Inc purchased Pacific Ridge, a 533-unit property, for $232 mil, or $435k/unit. Built in 2013, Pacific Ridge is located at 5945 ...
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• Oceanside Res Community Trades for $220k/Unit
5/12/17
Pacific Urban Residential LLC recently purchased Rancho Tuscana, a 136-unit multifamily community in Oceanside, for $30 mil ($221k/unit) in an off-market deal. The property has a condo map and could be sold as individual unit...
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• Commercial Real Estate Financing Briefs
5/10/17
NORTHMARQ CAPITAL -- Gardiner Champlin and Marty Meagher with NorthMarq Capital arranged the $61.2 mil refinance of three garden apartment complexes totaling 488 units owned by a local private family office. The properties ar...
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• BLT Enterprises Spends $8.9 Mil on Kearny Mesa Flex/Industrial Property
5/08/17
BLT Enterprises has acquired a 71.9k sf, two-story flex industrial building in the Kearny Mesa submarket of San Diego for $8.9 mil, or $124/sf. Constructed in 1981, the property is located at 5454 Ruffin Rd, west of I-15 and ...
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