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• Harbor Associates Venture Spends $21 Mil on Carlsbad Industrial Buy
11/02/23
Harbor Associates LLC, in a joint venture with F& F Capital Group, has acquired a 102.4k sf industrial portfolio in Carlsbad for $21.25 mil ($208/sf) in an all-cash, off-market transaction.
The acquisition consists of two bu...
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• Encinitas Retail Center Acquired in $26 Mil Transaction
11/01/23
In a recent retail sales comp from San Diego County, Rancho Santa Plaza, a 60.5k sf shopping center in Encinitas, traded for $26 mil, or $430/sf.
The property is located at 162 S. Rancho Santa Fe Rd, east of I-5. The center ...
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• Burke Real Estate Group Buys 54k sf Distribution Facility in Kearny Mesa
10/24/23
SoCal-based Burke Real Estate Group acquired a 54k sf industrial distribution facility in San Diego’s Kearny Mesa submarket. The Class A property is located at 7440 Convoy Court, east of I-805 and just south of Hwy 52. The pr...
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• Register Now - San Diego CRE Conference on Nov 7th
10/24/23
RENTV is presenting its San Diego State of the Market Conference on Tuesday, November 7, 2023 at the Westin Carlsbad Resort & Spa. Learn more here
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• National City Church Property Trades in $4 Mil Exchange
10/23/23
A church property in National City was acquired by a growing church congregation in a recent $4 mil transaction. The purchase consists of a 20.2k sf church sanctuary and an adjacent educational building, covering an entire ci...
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• GK Dermatology and Med Spa Buys 10k sf Retail Building in San Diego
10/16/23
GK Dermatology and Med Spa acquired a 10k sf, freestanding retail building in San Diego for $5.25 mil ($525/sf). GK Dermatology and Med Spa will use the building, located at 4606 Mission Bay Dr, for its dermatology and med sp...
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• Second Half of 432k sf San Diego Industrial Portfolio Sale Completed
10/13/23
The disposition of the 432k sf Brown Field Tech Park I and II industrial portfolio in San Diego’s Otay Mesa submarket has wrapped up. The portfolio was sold by Murphy Development Company. The sales price(s) were undisclosed.
...
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• Restaurant Property in San Diego’s Rancho Bernardo Area Sells for $3.9 Mil
10/12/23
An 8.9k sf free-standing restaurant in San Diego’s Rancho Bernardo submarket sold for $3.9 mil, or $438/sf. The buyer intends to use the property to open a new restaurant, Sapphire Indian.
Built in 1987, the free-standing bu...
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• Construction Underway on New Res Project in San Diego’s Linda Vista Neighborhood
10/11/23
Construction on Citrino, a 47-unit, solar-powered multifamily community located at 6916 Fulton St in San Diego’s Linda Vista neighborhood, is nearing completion. The new community replaces 1940’s-era World War II housing, and...
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• Carlsbad Office Building Purchased by Local Owner/User for $337/sf
10/09/23
Core Contracting paid $4.42 mil for 1530 Faraday Avenue, a 13.1k sf ($337/sf) office building in Carlsbad. The buyer, a local company, will occupy the space, which is located minutes from Interstate Five and near The Island a...
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• Commercial Real Estate Financing Briefs
10/06/23
NORTHMARQ - Northmarq’s Aaron Beck, Wyatt Campbell and Conor Freeman, in partnership with Mikee Anderson-Mitterling of Ballast CRE, secured a $46.5 mil refinance for Union Apartments, a 170-unit apartment community in Chula V...
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• San Diego Industrial Leasing Sees Decline in 3rd Quarter
10/05/23
This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Leasing Volume dropped to a new record low of 1.46 msf
• Asking Rental Rates remained the same QOQ at $1.54
• Sale Transaction Volume post...
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• Kearny Mesa Res Project to Move Forward with $99 Mil in Construction Money
10/05/23
San Diego-based real estate development firm AAA Management has landed $99.4 mil in construction financing for Ion Aero, a planned 302-unit mid-rise multifamily community located at 8555 Aero Dr in San Diego.
The community w...
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• MIG Real Estate Closes $174 Mil Apartment Buy in Vista
10/04/23
In a significant SoCal multifamily buy, MIG Real Estate LLC purchased Waterleaf, a 456-unit apartment complex in Vista, for $174 mil ($382k/unit). MIG plans to modernize the interiors, paint the exterior, and enhance the comm...
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• City of Encinitas Acquires Two Acres of Coastal Land
10/04/23
The City of Encinitas acquired nearly two acres of land located at the northeast corner of Hwy 101 and La Costa Ave in the Encinitas community of Leucadia. The two-parcel property was purchased for $6 mil from Surfer’s Point...
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• PGM Investments LLC Buys San Diego Industrial Property for $4 Mil
10/02/23
PGM Investments LLC purchased a 93.2k sf industrial property in San Diego for $4 mil, or about $43/sf. The property is located at 9940 Marconi Dr, just north of the U.S./Mexico border.
The 2.14-acre lot can be subdivided int...
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• San Diego Sees Coworking Growth
9/22/23
San Diego has seen a recent resurgence of coworking operators, especially in suburban regions. Here is a quick update on the sector, put together by real estate services firm JLL.
• Prior to the pandemic, the flexible/cowork...
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• Louay Alsadek and Maddie Mawby Join Cushman & Wakefield in San Diego
9/21/23
The veteran San Diego investment sales team of Louay Alsadek and Maddie Mawby have joined Cushman & Wakefield as Vice Chair and Senior Director, respectively. They will focus primarily on life sciences and office property sal...
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• San Marcos Industrial Property Trades in $12.5 Mil Deal
9/18/23
A 61.1k sf industrial complex in San Marcos was purchased by a private investor in a $12.5 mil ($205/sf) transaction. The asset sits on 3.29 acres at 1545-1565 La Mirada Drive in San Diego’s North County.
The property was so...
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• Phase 1 of Riverwalk San Diego Awarded $41 Mil Grant from Affordable Housing and Sustainable Communities
9/08/23
A transformative development that will create energy-efficient affordable housing alongside a new Trolley station in Mission Valley is the only San Diego County project awarded funding this year from a leading-edge State of C...
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