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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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• 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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