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• Apartment Building in San Diego’s Point Loma Sells for $340k/Unit
6/24/16
Loma Vista Apartment Homes, a 13-unit multifamily complex in the San Diego submarket of Point Loma, sold for $4.425 mil ($340.4k/unit). The property is located at 3720 Yonge St, just west of San Diego International Airport.
...
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• Guild Mortgage Inks $10 Mil Expansion Lease in San Diego
6/23/16
Guild Mortgage Company recently inked a $10 mil, 10-year lease for 40k sf at The Terraces, a Class A office building in San Diego. The building is located 5887 Copley Dr, east of I-805 and south of Hwy52.
The new location is...
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• Vista Auto Dealership Property Trades in $3.7 Mil Deal
6/22/16
A 33k sf auto dealership property in Vista sold for $3.75 mil. The property, situated on 4.49 acres at 1100 East Vista Way, formerly served as Security Chevrolet for more than 40 years.
Kirk Allison,Vic Gausepohl,Tucker Hoh...
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• Two SoCal Retail Centers Trade in Deals Totaling Over $350 Mil
6/21/16
Two SoCal shopping centers, in Westlake Village and San Diego, traded hands in recent sales with a combined value of over $350 mil. Savills Studley’s National Retail Services Group represented the sellers in both deals.
In t...
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• San Diego Res Portfolio Purchased by Two Buyers
6/20/16
A multifamily property portfolio in San Diego containing 43 units was acquired by two buyers in separate deals totaling $8.66 mil. The four properties are located at 2027, 2011 and 1951-57 Front St, and 715-39 Torrance St, al...
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• Anchor Tenants Signed at Calexico Power Center Development
6/06/16
Magnitude recently signed four anchor tenant deals at its Gran Plaza Power Center, a proposed 277k sf retail project in Calexico, CA. The signings total 149.8k sf and are with TJ Maxx (27.3k sf); Ross (30.5k sf); Stein Mart ...
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• HighBrook Investors and Cypress Office Properties Pick Up 95k sf Office Campus in Mission Valley
6/03/16
A partnership of New York-based HighBrook Investors and San Diego-based Cypress Office Properties has purchased a 95k sf, three-building office campus in San Diego’s Mission Valley submarket. The multi-tenant campus is situat...
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• Fowler Property Acquisitions Buys Hotel Metro in San Diego
5/27/16
Fowler Property Acquisitions LLC has purchased Hotel Metro, a 195-unit single-room occupancy (SRO) development for low-income residents in San Diego that had been unoccupied since November 2015. The asset, located at 434-435 ...
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• Burke Real Estate Group Picks Up Carlsbad Site for Creative Office Development
5/27/16
Burke Real Estate Group purchased 3.1 acres in Carlsbad on which the firm plans on developing a 49k sf, amenity rich, two-story creative office building. The land, located at 1800 Aston Ave, north of Palomar Airport Rd and ju...
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• Irvine Office Properties Finishes One San Diego Office Building and Tops Off Steel on Another
5/26/16
Eastgate Summit, a 65k sf, three-story ‘next gen’ office building in San Diego’s University Towne Centre area, has just opened. The coastal office project, which offers prominent visibility and sweeping vistas from above the ...
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• Landscape Firm Leases 8k sf National City Building
5/25/16
BrightView Landscapes has signed a 10-year, $2.64 mil lease for a 7.8k sf ($2.82/sf/mo) office and industrial property in National City. BrightView is a Maryland-based landscape services company.
The property is situated on...
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• Vestar Awarded Management Assignment for Two SoCal Retail Centers
5/23/16
Vestar has been retained by a large institutional owner as the property management firm for Clairemont Town Square, a 550k sf, community lifestyle center located in San Diego, and Anaheim Hills Festival, a 567k sf community a...
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• San Diego Medical Office Building Sells for $364/sf
5/19/16
In a recent San Diego-area medical office comp, an 11k sf building sold for $4 mil, or $364/sf. The property is located at 5776 Ruffin Rd, south of Hwy 52 and east of Hwy 163 in Kearny Mesa. The property is situated just minu...
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• Sorrento Valley Biz Park Campus Sells for $26 Mil
5/17/16
Webb Management & Investments LLC purchased Sorrento Pines Business Park, a fully-leased, four-building, multi-tenant business park totaling 114.7k sf in San Diego’s Sorrento Valley submarket, for $26.05 mil, or $227/sf. The ...
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• Former San Diego Daily Transcript Property Sells for Over $5 Mil
5/16/16
The former San Diego Daily Transcript building and adjacent parking lots in San Diego traded hands at a price of $5.3 mil. The properties are located at 2131 3rd Ave, south of Laurel St and west of Balboa Park.
The property,...
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• Zurich Alternative Asset Management Spends $51 Mil on San Diego County Retail Center
5/16/16
New York City-based Zurich Alternative Asset Management, LLC (ZAAM) closed on a recent retail acquisition in south San Diego County, paying $51 mil for The Marketplace at Windingwalk, a 104.2k sf, grocery-anchored neighborhoo...
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• Investor Buys Three Parcels Near San Diego International Airport
5/11/16
Three land parcels near San Diego International Airport, totaling 52.3k sf, were purchased by California & Bean LLC for $2.5 mil. The properties, located at 3596, 3625 and 3630-3636 California St, were sold by TOB Properties ...
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• Escondido Multifamily Asset Trades for $16.5 Mil
5/10/16
In a San Diego area multifamily investment buy, Vista International Inc purchased Estancia Apartments, a 100-unit asset located at 725 N. Fig St in Escondido, less than a mile from the city’s downtown. The property was sold b...
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• Strong First Quarter for San Diego’s Industrial Market
5/06/16
San Diego’s industrial market is off to a strong start in 2016 with many market fundamentals pointing toward continued improvement throughout the year, according to a first quarter 2016 report provided to us by CBRE.
Net ab...
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• San Diego Retail Market Looks Stable
5/02/16
Fundamentals for San Diego’s retail market were stable this quarter, according to the latest research from CBRE. The region continued to be impacted by changes in the grocery store industry this quarter, however, that trend i...
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