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• Escondido Retail Center Traded in $24.8 Mil Deal
5/04/17
Gateway Center, an 89.6k sf retail center in Escondido, traded hands in a recent $24.83 mil ($277/sf) transaction. The property is 95% occupied with anchor tenants, Michaels and Barnes & Noble, as well as a mix of other nati...
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• San Diego Area Office Asset Trades at $438/sf
5/04/17
A creative office building in central San Diego was purchased for $11.2 mil ($438/sf) by a Los Angeles based 1031 exchange buyer. The property, located at 5015 Shoreham Place, west of I-805 and north of Hwy 52, is 100% leased...
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• Pathfinder Partners to Start Work on San Diego Area Res Development
5/04/17
Pathfinder Partners will break ground in one week on Paseo Village Townhomes, a 31-unit, residential community in downtown Ramona. Pathfinder acquired the 2.5-acre parcel – complete with approved architectural plans – in late...
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• Office/Industrial Asset in Carlsbad Trades for $175/sf
4/26/17
A high net-worth 1031 exchange buyer purchased a 64.2k sf creative office/industrial asset in Carlsbad for $11.25 mil, or $175/sf. The property, located at 5858 Dryden Place, was 98% leased by 44 tenants.
The facility inclu...
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• Vista Res Property Trades for $149k/Unit
4/25/17
Las Palmas apartments, a 140-unit multifamily property in Vista, sold for $20.9 mil, or $149k/unit. The asset is located at 300 W. Los Angeles Dr, west of Santa Fe Ave and north of Hwy 78.
The community is located in the hea...
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• Solana Beach Retail Property Trades for $600/sf
4/24/17
BeachWalk, a 55k sf, coastal retail center in the city of Solana Beach, sold for $33.25 mil, or around $600/sf. Situated along Hwy 101, the property is steps to the Pacific Ocean, walking distance to the Cedros Design Distri...
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• San Diego Industrial Market Achieves 23rd Consecutive Quarter of Positive Net Absorption
4/20/17
San Diego’s industrial market continued its overall momentum, reporting its 23rd consecutive quarter of positive net absorption (occupancy growth), according to the latest research provided to us by eal estate services firm C...
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• Vista Office Asset Trades for $12.8 Mil
4/19/17
In a recent San Diego-area office trade, an unnamed buyer paid $12.8 mil for Paseo Palomar, a low-rise, 60.6k sf ($211/sf) office project in Vista. We’re told this transaction represents one of the highest per-square-foot pri...
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• La Jolla Retail Condo Goes for Over $1,300/sf
4/18/17
A 3.5k sf, two-unit retail condominium located in La Jolla sold for $4.65 mil, or $1,329/sf. The condominium is located at 1020 Prospect St, on the ground floor of Muse, a new 16-unit, ultra-luxury residential building curren...
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• Private Investors Trade La Jolla Property at $546/sf
4/17/17
A Santa Monica-based private investor paid $1.42 mil for a 2.6k sf ($546/sf), multi-tenant property in La Jolla. It was sold by another private investor, out of San Diego.
Built in 1955 and renovated in 2011, the property i...
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• Stos Partners Completes Three SoCal Deals
4/14/17
Stos Partners has completed three commercial property transactions in Southern California, including the sale of a multi-tenant industrial asset in Rowland Heights, the acquisition of a single-story office building in Encinit...
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• RAF Pacifica Group Acquires 40k sf Land Parcel for Solana Beach Mixed-Use Project
4/14/17
RAF Pacifica Group has acquired a 40k sf land parcel in San Diego’s Solana Beach submarket, on which the firm plans to develop a 26k sf, mixed-use project integrating restaurant, retail, office and multifamily space. It was p...
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• West Elm Inks Lease for 11k sf Store in Solana Beach’s Design District
4/07/17
West Elm has inked a lease for a new store in the in the heart of Solana Beach’s eclectic Cedro’s Design District in North San Diego County. The new store, expected to open by fall of this year, will be the anchor retailer at...
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• Escondido Land Acquired for Hotel Development
4/04/17
A San Diego-based hotel developer paid $3.5 mil for 1.68 acres of vacant land in Escondido. The undeveloped parcel, located at 200 La Terraza Blvd, is entitled for a 105-room SpringHill Suites by Marriott hotel.
The property...
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• Multifamily Property in San Diego’s North Park Neighborhood Sells for $225k/Unit
4/03/17
San Diego-based WSC Investment Partners LLC recently acquired a 20-unit multifamily property in the city’s North Park neighborhood for $4.5 mil, or $225k/unit. The 13k sf property is situated on a 14.4k sf lot at 4161-67 Iowa...
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• Newly Constructed Res Project in San Diego Lands New Financing
3/28/17
Nakhshab Development & Design Inc has obtained $2.94 mil in financing on Mitra, a newly built, five-story, nine-unit boutique apartment building in San Diego’s East Village neighborhood. The property is located at 340 15th St...
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• $9 Mil Renovation Completed at Chula Vista Retail Center
3/23/17
Brixton Capital has completed work on its newly revamped Gateway Marketplace, a 109.2k sf retail center in Chula Vista. The center sits on 8.8 acres at Fourth Avenue and C St. San Diego-based SCA Architecture handled the plan...
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• Purchase of 132k sf Kearny Mesa Biz Campus Financed with $34 Mil in Permanent and Bridge Loans
3/17/17
Klein Investment Family Limited Partnership recently acquired a 132.7k sf, four-building office/flex campus in the Kearny Mesa submarket of San Diego, to perfect an IRS 1031 tax deferred reverse exchange. The purchase was mad...
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• El Cajon Hotel Purchased for Conversion to a Res Property
3/15/17
A private investor has purchased the 75-unit Ha’ Penny Inn in El Cajon for $5.63 mil, or $75k/unit. The plans to convert the 35.7k sf asset, located at 1549 E. Main St, into a multifamily property.
Peter Scepanovic and Corey...
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• Draftsmen & Craftsmen
3/14/17
Shea Properties recently saw construction wrap up on its new Shea Center Carlsbad, a 114.5k sf, Class A industrial development in Carlsbad. The project is located at 6131-6133 Innovation Way, within the exclusive master-plann...
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