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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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• PCCP LLC Provides $25.6 Mil Loan to Angelo, Gordon & Co for San Diego Office Buy
9/22/16
PCCP LLC provided a $25.6 mil senior loan to Angelo, Gordon & Co for its recent acquisition and planned repositioning of Wateridge Pointe, a two-building, 123.7k sf office project in the Sorrento Mesa submarket of San Diego. ...
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• Escondido Mobile Home Property Fetches Over $100k/Unit
9/21/16
Canyon Crest Estates, an 88-space mobile home park property in Escondido, sold for $9.35 mil, or $106.3k/unit. The property covers 18.8 acres at 2100 S. Escondido Blvd, east of I-15.
Ciara Trujillo, David Santistevan, and G...
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• 10-Units in University Heights Goes for $2,414,000
9/16/16
In the University Heights section of San Diego, a 10 unit-complex situated on two parcels at 4521 & 4525 Park Blvd was purchased by an entity named Urban on Park, LLC of San Diego for $2,414,000. The buyer was represented by...
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• Investor Picks Up Office Building in San Diego’s Rancho Bernardo Area
9/14/16
A 19.2k sf, two-story multi-tenant office building in San Diego sold for $4.2 mil, or $219/sf. The building sits on 1.32 acres at 17065 Camino San Bernardo, north of Hwy 56 and just west of I-15.
At the time of sale, 17065 C...
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• Oceanside Retail Center Changes Hands in $23 Mil Deal
8/31/16
Old Grove Marketplace, an 81.3k sf, grocery-anchored retail center in Oceanside, traded hands for $23.25 mil ($286/sf). InvenTrust Properties Corp purchased the property from Gerrity Group free and clear of existing debt.
Th...
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• LaTerra Development Gets Underway With Two SoCal Res Projects
8/24/16
LaTerra Development, a Los Angeles based real estate developer, has started construction on two infill apartment projects totaling 325 units in Santa Ana and Chula Vista. Each project was capitalized with institutional join...
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• Solana Beach Retail Building Sells for $440/sf Through Ten-X Online Marketplace
8/22/16
A fully occupied, 21.1k sf retail building in Solana Beach recently traded hands in a transaction valued at $10.425 mil ($494/sf). The property, located at 240 South Cedros Ave, was sold through Ten-X the leading online real ...
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• 53-Acre Parcel in Scripps Ranch Acquired for New Continuing Care Retirement Community
8/19/16
A 53-acre land parcel in Scripps Ranch was acquired in an $18.5 mil transaction by Continuing Life Communities, a Carlsbad-based retirement community management company. Continuing Life plans to use the land for the developm...
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• Sorrento Mesa Office Complex Sells in $28 Mil Deal
8/19/16
Angelo, Gordon & Co purchased Wateridge Pointe, a two-building office property totaling 123.7k sf in San Diego’s Sorrento Mesa area, for $28 mil ($226/sf). The asset was sold by SteelWave.
Wateridge Point is located off of I...
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