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• The Bascom Group Picks Up 32-Unit Asset in Vista
11/10/16
The Bascom Group LLC acquired Hillside Terrace, a 32-unit apartment community in Vista, CA, for $6.2 mil, or about $194k/unit. The property, located at 322 Hillside Terrace, north of Hwy 78 and east of Santa Fe Ave, was purch...
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• Historic Building in Old Town San Diego Trades for $1,200/sf
11/08/16
A 1.6k sf, historic retail property in Old Town San Diego sold for $1.925 mil, or about $1,200/sf. The building is located on a 7k sf parcel at 2515 San Diego Ave, south of I-8 and east of I-5, just east of San Diego Internat...
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• La Mesa Res Community Traded in $17 Mil Transaction
11/04/16
The Quarry Apartment Homes, a 60-unit, luxury res property in La Mesa, sold for $17 mil ($283k/unit). The property is at 4330 Palm Ave, west of Hwy 125 and north of Hwy 94.
The apartment community is made up of three, three-...
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• Encinitas Res Development Site Sells for $2.75 Mil
11/04/16
A 1.67-acre residential land parcel in Encinitas traded hands in a $2.75 mil deal. The property, located at 858 Hymettus Ave, just two blocks east of Coast Highway, offers panoramic ocean views.
Ciara Trujillo of Colliers ...
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• Chula Vista R&D Building to Be Converted into Self-Storage Use
11/04/16
Wentworth Storage Acquisitions LLC acquired a 90k sf R&D building in Chula Vista for $13.35 mil ($148/sf). The property, located at 2391 Fenton St, was sold by an LA-based investor, Eastlake LLC.
This property is one of the ...
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• Carlsbad Mixed-Use Community Refinanced with $26.7 Mil Loan
11/04/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $26.7 mil in refi money on BluWater Crossing, a live-work, mixed-use, Class A multifamily community in north San Diego County.
BluWater Crossing is located in ...
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• Rexford Industrial Realty Acquires San Diego County Industrial Property
11/03/16
Rexford Industrial Realty recently closed on another SoCal industrial purchase, spending $7.2 mil on a 57.4k sf ($125/sf) facility in Oceanside. The acquisition was funded using cash on hand.
The building is situated on ju...
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• Badiee Development to Start Work on Escondido Industrial Project
11/02/16
Badiee Development plans to develop a new, multi-tenant industrial campus in Escondido to be called Escondido Innovation Park. The 86k sf project will be situated on 5.5-acres at 1925 Harmony Grove Rd, west of I-15 and south ...
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• Carlsbad Biotech/Office Asset Purchased for $19 Mil
11/01/16
Faraday Research Center, a 65.8k sf, biotechnology/creative office building in Carlsbad, was purchased by an unnamed Los Angeles investor for $19 mil, or $289/sf. The single-story, Class A building was sold by Alvarez & Marsa...
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• RAF Pacifica Group to Build Spec Creative Corp HQ Facility in Carlsbad
10/31/16
RAF Pacifica Group has announced plans for a spec corporate HQ / industrial development in Carlsbad. The project, to be called “cre•ate,” will be a 144.5k sf facility situated on 9.70 acres of land.
The facility will be divi...
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• San Diego Apartment Comp Goes for $254k/Unit
10/31/16
A San Diego-based private investor paid $2.8 mil for an 11-unit ($254k/unit) residential property in San Diego. The property is located at 3087 A St, in the city’s Golden Hill submarket.
The unit mix consists of three two-be...
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• Diversified Properties Picks Up 34k sf San Diego Retail Asset
10/26/16
Bay City Plaza, a 34k sf shopping center in San Diego, was acquired by locally-based Diversified Properties for $8.1 mil ($238/sf). The property, situated on 2.43 acres at 1515-1555 Palm Ave, west of I-5, was sold by the Lora...
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• CBRE Arranges $145 Mil on Two Res Communities in San Diego’s UTC Submarket
10/25/16
The Premiere Residential has secured $145 mil in financing on two, Class A apartment communities located in the UTC submarket of San Diego. The transactions consisted of a $77.5 mil loan on La Jolla International Gardens (400...
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• Pathfinder Closes Two Phoenix Area Res Buys Totaling $34 Mil
10/14/16
San Diego-based Pathfinder Partners recently acquired two Phoenix-area multifamily communities totaling 300 units. The transactions, which were with separate sellers, total $34 mil.
In the larger buy, Pathfinder paid $25.6 m...
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• Alexandria Real Estate Pays $182 Mil for 292k sf Life Science Campus in San Diego
10/13/16
An Alexandria Real Estate Equities affiliate closed on a significant office/lab buy in San Diego, paying $182.5 mil for Torrey Ridge Science Center, a three-building, 291.8k sf ($625/sf) life science campus in the Torrey Pine...
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• RAF Pacifica Group Picks Up San Marcos Land for Spec Industrial Project
10/05/16
RAF Pacifica Group has acquired 15.65 acres of land in San Marcos, on which the firm plans to build a four-building, creative industrial campus totaling 212k sf. This is the firm’s first ground-up spec industrial development ...
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• RAF Pacifica Group Buys Carlsbad Corp HQ Building with Tenant in Tow
9/28/16
RAF Pacifica Group recently acquired a 65.3k sf, Class A corporate HQ building in the Carlsbad Research Center for $10 mil ($153/sf) and simultaneously secured a 12-year lease for 100 percent of the property. The building is ...
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• Fident Capital Arranges $7 Mil of Joint Venture Equity for Chula Vista Res Project
9/26/16
Fident Capital has arranged $7.1 mil of joint venture equity financing for the construction of Stone Creek Casitas, a 97-unit res project being built by La Terra Development in Chula Vista. The equity offsets a $15.4 mil non-...
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• Flex Building in San Diego Traded for $7.4 Mil
9/26/16
Cornerstone Centre, a 43.4k sf, multi-tenant flex industrial property in San Diego, was purchased for $7.4 mil ($170/sf) in a recent sale. The property is situated on 2.88 acres at 10840 Thornmint Rd, west of I-15 and south o...
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• San Diego Strip Center Property Sells for $769/sf in Recent Private Investor Buy
9/23/16
A CA-based private investor has purchased the Taco Bell and Shops, an 18.2k sf strip center in San Diego, in a recent transaction valued at $14 mil, or $769/sf. The property, which is leased to a synergistic mix of food and s...
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