| 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...
| JLL Acquires Gilliland Construction Management
JLL has completed the acquisition of Gilliland Construction Management, a leader in project and construction management services for life sciences, lab, retail, hospitality, industrial, multifamily and office properties.
| Commercial Financing Briefs
CBRE CAPITAL MARKETS - Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance arranged an $80.5 mil loan for the refinancing of 224 Logistics Park, an industrial facility in Milwaukie, OR. The loan was funded th...
| Holland Partner Group, North America Sekisui House and Lowe Begin Work on 37-Story Mixed-Use Tower in Downtown San Diego
Holland Partner Group, North America Sekisui House and Lowe are underway with the development of West in Downtown San Diego, a $400 mil, 37-story mixed-use project located at 1011 Union St. As the first multi-mixed-use tower...
| Sason Buys 59k sf Office Asset in Kearny Mesa
New York-based real estate investor Sason has acquired Chesapeake Corporate Center, a two-story, 59.2k sf office building located at 9555 Chesapeake Drive in San Diego’s Kearny Mesa submarket. Although the price was not given...
| Luminous Capital Management and Virtus Real Estate Capital Buy 37k sf Carlsbad R&D Building
Luminous Capital Management, in partnership with Austin-based Virtus Real Estate Capital, has acquired 2290 Cosmos Court, a 37.3k sf industrial/R&D building in Carlsbad, for $9.53 mil ($255/sf). The building, which until Apr...
| S.D. Malkin Properties Secures $265 Mil Refi on Oceanside Resort Property
In a large financing deal, S.D. Malkin Properties has secured a $265 mil refi on a 387-key, master-planned beach resort in Oceanside. The resort includes the 161-key Mission Pacific boutique hotel and The Seabird Resort, a 22...
| MIG Real Estate LLC Picks Up Two Hotels in Old Town San Diego
MIG Real Estate LLC has purchased two hotels totaling 299 rooms in Old Town San Diego. The acquisitions include the Courtyard San Diego Old Town, at 2435 Jefferson St, and the Fairfield Inn & Suites San Diego Old Town, at 39...
| Vista Medical Office Building Trades for Over $550/sf
IRA Capital purchased a 20.3k sf, single-tenant, NNN-leased medical office building in Vista for $11.25 mil, or $554/sf. The two-story building, located at 910 Sycamore Ave, is fully leased to UCSD Health.
Built in 1990, the...
| Hill Properties Spends $17.5 Mil on San Diego Area Industrial Asset
San Diego-based Hill Properties acquired Via Frontera Business Park, an 80.9k sf property comprising two industrial/R&D flex buildings in Rancho Bernardo, for $17.5 mil ($216/sf) in an off-market deal. The multi-tenant proper...
| Rancho Bernardo Office Building Trades for Around $445/sf
Here’s news of a Class A office trade that just closed in the Rancho Bernardo Submarket of San Diego. The deal was for The Pinnacle, a 110k sf building located at 10920 Via Frontera, west of I-15 and south of Rancho Bernardo ...
| Stos Partners Buys 25-Unit Res Property in El Cajon
Stos Partners recently acquired Lincoln Washington Apartments, a 25-unit multifamily property in El Cajon, in a $6 mil ($240k/unit), off-market transaction. The property is located at 685 S. Lincoln Ave, south of I-8 and west...
| Medical Office Property in Vista Goes for Over $8 Mil
ShareMD acquired Tri-City Medical Arts Building, a two-story, 33.9k sf medical/office property in Vista, for $8.3 mil ($245/sf). The property was sold for the first time in its 40-year history by the original owners, a partne...
| San Diego Retail Center Trade Comps at $386/sf
A private investor paid $27.2 mil for Fallbrook Mercantile Center, a 70.4k sf ($386/sf), grodcery-anchored retail center in the San Diego County community of Fallbrook. The property was sold by Gerrity Group LLC.