| San Diego Area Office Building Trades in $25 Mil Transaction
Willow Creek Corporate Center, a three-story, 121.4k sf office building in San Diego’s Scripps Ranch submarket, traded for $25.3 mil ($208/sf). The asset was purchased by Sason, marking the firm’s second acquisition in San Di...
| San Diego Ranks as Second Busiest Market for Conversions of Office to Life Science Space
This report provided by real estate services firm CBRE
A sharp increase in construction of life sciences labs in the U.S. has included big gains in a premium category: conversions of office buildings to labs. According to a ...
| Lincoln Property Company and Angelo Gordon Pick Up 77k sf Vista
A 76.9k sf industrial building in Vista was recently purchased by a joint venture between Lincoln Property Company and Angelo Gordon. The building will be repositioned for future life science use. The buyers obtained $27.4 mi...
| Escondido Multifamily Project Sells for $25 Mil
City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
| Luminous Capital Management Virtus Real Estate Capital Spend $14 Mil on Carlsbad Industrial/R&D Building
Luminous Capital Management, in partnership with Austin-based Virtus Real Estate Capital, has acquired 5931 Priestly Drive, a 52.8k sf industrial/R&D building in Carlsbad. The property was acquired from locally-based Greene ...
| DivcoWest Spends $76 Mil on San Diego Office Asset
Northridge Summit, a Class A, 130k sf single-tenant office building in San Diego was acquired by DivcoWest in a $76.1 mil ($585/sf) transaction. The asset was sold by Davlyn Investments.
Northridge Summit is located at 122...
| Robust Demand Fuels San Diego Industrial Market
This report was provided by real estate services firm JLL
Industrial market conditions across San Diego remained largely unchanged in Q1, as overwhelming tenant demand continued to outpace existing and new supply. Currently,...
| Darnell Capital Management Secures $12.6 Mil for San Diego Multifamily Development
Darnell Capital Management is moving forward with a multi-housing development located in San Diego’s Golden Hill neighborhood. The developer obtained $12.6 mil construction financing for the project.
The project will offer a...
| Apartment Property in San Diego’s Hillcrest Neighborhood Trades at $348k/Unit
A 16-unit apartment property in San Diego’s Hillcrest neighborhood sold for $5.57 mil, or $348k/unit. The 8.7k sf property is situated on a 7.1k sf lot located at 526-528 Anderson Place.
Built in 1911, the property consists ...
| Greenlaw Partners Invests $24.5 Mil in San Diego Industrial Acquisition
In a recent San Diego-area industrial buy, Greenlaw Partners purchased San Diego International Center, a 106.6k sf industrial warehouse in Otay Mesa. The property, located at 2323 Avenida Costa Este, traded for $24.5 mil ($23...
| Two Carlsbad Office Assets Trade in Deals Valuing the Assets at $86 Mil
RPG has closed on the recapitalization sales of two Class A creative office and mixed-use office/retail assets in Carlsbad. The properties had a combined building value of $86 mil at the time of transaction.
| Westport Properties to Develop Two Industrial Buildings Totaling 96k sf in San Diego County
Westport Properties is planning to develop two Class A, 32’ clear-height, single-tenant industrial buildings in the Otay Mesa and Oceanside/Carlsbad submarkets in San Diego County. The company currently has five developments ...
| Sudberry Properties Nearing Completion on 10-Acre Mixed Development in San Diego’s Scripps Ranch Area
Construction is nearing completion on The Hub at Scripps Ranch, a mixed-use redevelopment project featuring 260 modern luxury apartments with outstanding amenities and 10.7k sf of retail/restaurant space. The 9.52-acre site, ...
| CEDARst Companies To Develop 190-Unit Res Project in San Diego
CEDARst Companies has landed $43.5 mil in construction financing for the development of 4135 Park Blvd, a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in...
| Rexford Industrial Realty Spends $65 Mil on Four SoCal Properties
Rexford Industrial Realty closed on the purchase of four SoCal industrial properties totaling 150.7k sf for $65 mil. The assets, located in Van Nuys, Carson, Vernon and Oceanside, were sold by New York-based New Mountain Capi...
| Two-Building Office Portfolio in San Diego Fetches $145 Mil
Governor Park Portfolio, consisting of two office buildings totaling 212.2k sf in San Diego’s UTC submarket with life sciences redevelopment potential, has sold for $145 mil ($683/sf). The buildings are situated on individual...
| Neurocrine Biosciences Inks Lease for 535k sf of Life Science Space in San Diego’s Del Mar Heights
Neurocrine Biosciences Inc, a neuroscience-focused, biopharmaceutical company, has signed a lease at for 535k sf of Class A life science and office space at Aperture Del Mar in San Diego’s Del Mar Heights area, in one of the ...
| Fairfield Spends $106 Mil on Downtown San Diego Res Community
In a recent, $106 mil San Diego multifamily trade, Fairfield purchased IDEA1, a 295-unit ($359.3k/unit), award-winning, Class A, mid-rise multi-housing community in downtown. The property, located in the East Village neighbor...
| Stos Partners Picks Up 10-Unit Res Asset in San Diego’s Rolando Village Area
Stos Partners in partnership with Apartment Worth and a high-net worth family investment entity, has acquired a 9.5k sf ‘ten-plex’ multifamily community in the Rolando Village submarket of San Diego. The property, which is lo...
| San Marcos Retail Property Gets New Owner in $9.4 Mil Deal
Galleria Vera Cruz, a 28.5k sf, value-add retail strip center in San Marcos, sold for $9.45 mil ($331.50/sf). Originally constructed in 1986, Galleria Vera Cruz is 95% leased to a mix of local food, health and beauty and fina...