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Kearny Mesa Office Complex Changes Hands 12/09/14 MIG Real Estate wrapped up a San Diego-area acquisition, having purchased Viewridge Business Park, a 72.6k sf office complex in the city’s Kearny Mesa submarket. The deal represents Newport Beach-based MIG’s eighth investment...
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Carlsbad Office Building Sells for $250/sf 12/04/14 Peregrine Realty Partners paid $13 mil for Pacific View Plaza, a three-story, 51.8k sf ($250/sf) office building in Carlsbad. Located at 5973 Avenida Encinas, the property was sold by Cruzan.
The building was 96.7% leased a...
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San Diego Apartment Sale Comes In at $183k/Unit 12/02/14 In a recent apartment comp from San Diego, an 18-unit complex in the city’s North Park neighborhood traded for $$3.285 mil, or $182.5k/unit. The 12.1k sf property is located at 3946-52 Idaho St, north of University Ave and we...
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Omni San Diego Hotel Lands $140 Mil Refi 11/25/14 In a big dollar financing deal out of San Diego, HFF arranged $140 mil in financing for the Omni San Diego hotel, a 511-key luxury, convention center hotel. The borrower, a joint venture between TRT Holdings and JMI Realty, w...
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La Mesa Multifamily Asset Fetches $28 Mil 11/21/14 Central Park La Mesa condominium rental homes, located at 5636 Amaya Dr in La Mesa, sold for $28.3 mil. The transaction consists of 124 rental home units in the 216-unit Central Park La Mesa condominium community.
The buyer ...
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Georgia and New York Investors Trade San Diego-Area Apartment Complex 11/19/14 Here’s news of a major San Diego County multifamily sale that we heard about. The property, Missions at Rancho Del Oro, is a 284-unit luxury apartment home community located in the city of Oceanside.
The property was purcha...
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Investor Picks Up Single-Tenant, NNN Ground Lease Asset in Oceanside 11/18/14 A NoCal private investor purchased a NNN ground lease occupied by a single-tenant 7-Eleven at Oceanside Plaza in San Diego County. The purchase price was $2.1 mil, which represented a cap rate of 4.29%.
Currently under const...
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Hyatt Place San Diego Hotel Sells 11/07/14 The 150-room Hyatt Place San Diego in Vista was acquired by a joint venture affiliated with Irvine-based Core Capital Investments and Downtown Properties. Located at 2645 South Melrose Dr, the recently constructed property wa...
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Palisades Property Trust Buys San Diego Office Building from Cruzan 11/07/14 Palisades Property Trust has purchased Governor Plaza, a two-story, 38.7k sf office building in San Diego’s Miramar area. The property, situated on 2.41 acres at 5151 Shoreham Place in Governor Park, was sold by Cruzan.
Buil...
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San Diego County Sees Positive Office Activity Across All Classes 11/07/14 San Diego’s office market saw 650k sf of absorption during the third quarter of this year, with positive activity across all classes – a trend not seen since the same quarter last year. This data is based on a third quarter ...
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Northrop Grumman Renews Lease for 183k sf in San Diego 11/05/14 Northrop Grumman Systems Corporation has renewed a lease for a three-building office campus totaling 182.9k sf of space in San Diego’s Kearny Mesa area. The property is located in the Kearny Mesa Spectrum Center at 9326 and 9...
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Pathfinder Partners Launches Its Fifth Fund 11/05/14 Pathfinder Partners LLC has launched the $100 mil Pathfinder Partners Opportunity Fund V, L.P. – a private real estate fund focused primarily on acquiring value-add multifamily and residential real estate in mid-tier cities i...
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Douglas Wilson Companies and Karlin Real Estate to Develop Mixed-Use Project on Historic Property in Tempe, AZ 11/04/14 A venture between San Diego-based Douglas Wilson Companies and LA-based Karlin Real Estate recently acquired a 2.51-acre site in Tempe, AZ that is home to Hayden House, the oldest continuously occupied structure in Metropolit...
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Lincoln Property Company and Artemis Real Estate Partners Team Up in Carlsbad R&D Campus Buy 10/30/14 A joint venture of Lincoln Property Company and Artemis Real Estate Partners purchased the three-building, 81.1k sf Research Center Plaza in Carlsbad for $9.5 mil, or about $117/sf. RCP Funding Corp and Shmael Carlsbad Invest...
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New 317-Room Montage Hotel in San Diego’s Gaslamp Quarter to Get Underway 10/28/14 The Robert Green Company and Montage Hotels & Resorts have obtained $95 mil in construction financing to start work on a new 317-room Montage-branded hotel in downtown San Diego’s Gaslamp Quarter. The $138 mil hotel project w...
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HFF Arranges $7.5 Mil in Construction and Permanent Money for San Diego Residential Project 10/22/14 HFF has arranged $7.46 mil in construction-permanent financing for the development of Hillcrest Apartments, a 36-unit, five-story apartment building in San Diego’s Hillcrest neighborhood.
Hillcrest Apartments will be located...
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Chula Vista Res Property Trades for $11 Mil 10/14/14 Castle Park Garden, a 70-unit apartment property in Chula Vista, sold for $11.1 mil, or $158.6k/unit. The property, comprised of a 62-unit building with eight adjacent units, was sold by The Kreutzkamp 2000 Revocable Trust wi...
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Building in San Diego’s Miramar Area Sells for $5 Mil 10/14/14 A two-story, 33.7k sf office/industrial building in San Diego recently sold for $5 mil ($148/sf). The property was sold by Providence II Centerpointe LLC in an off-market deal.
Built in 1985 and situated on 1.67 acres, the p...
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San Diego Industrial Property Acquired for Use as Support Facility for the Western Pacific Naval Fleet 10/13/14 Seaward Property Management LLC purchased an 18.1k sf industrial building in San Diego for $2.45 mil, or $135/sf. The property, which is located at 4559 Federal Blvd, was sold by MBLB Real Estate LLC.
Situated on .98 acres ...
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TriGate Capital / Lotus Real Estate Partners Venture Buys 100k sf Otay Mesa Industrial Facility 10/06/14 A 103k sf industrial building in San Diego’s Otay Mesa submarket was purchased for $5.03 mil ($49/sf) by TriGate Capital LLC of Dallas, TX and Irvine-based Lotus Real Estate Partners LLC. The property, located at 9485 Customh...
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