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• Wermers Properties and R&V Management Acquire Carmel Valley Land for Development
9/29/14
A venture between Wermers Properties and R&V Management acquired 7.4 acres in Carmel Valley with plans to develop a residential apartment community. The property is located within the Village at Pacific Highlands Ranch, a mix...
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• McDonald Property Group and First Industrial Realty Trust to Develop 237k sf Oceanside Project
9/26/14
Newport Beach-based McDonald Property Group has entered into a development agreement with an entity owned by First Industrial Realty Trust to develop La Pacifica II, a three-building, 237.3k sf industrial park in Oceanside.
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• Investor Pays $112/sf for San Diego Office/R&D Building
9/25/14
A 31k sf, two-story office/R&D building in San Diego sold for $3.48 mil ($112/sf). The property is located at 9745-9747 Businesspark Ave, east of I-15 and south of Carroll Canyon Rd.
Ty Moffatt, David Harper, and Kyle Moffa...
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• Lionstone Investments Buys 655k sf San Diego Tech Center
9/23/14
In a major San Diego office buy, Houston-based Lionstone Investments has acquired the 655.6k sf San Diego Tech Center in Sorrento Mesa on behalf of a group of institutional investors. The nine-building, seven-acre campus is l...
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• Bixby Land Invests $22 Mil on Four San Diego Office Buildings
9/23/14
Bixby Land Company recently purchased four San Diego area buildings in two separate transactions totaling $22 mil. The company will renovate the buildings into modern, creative office properties to meet the growing demand for...
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• NorthMarq Capital Arranges $5 Mil Refi on Downtown San Diego Mixed-User
9/23/14
NothMarq Capital has arranged $5 mil in refi money on Four C Square, a 64.5k sf mixed-use property. Located at 428 C St, just north of Broadway and Horton Plaza, the property features 28 residential live/work lofts over groun...
Price: $4.99
Executive Subscriber Price: Free
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• Developer Spends $7.7 Mil for San Diego Dev Site
9/23/14
A 1.54-acre parcel of land in San Diego sold for $7.7 mil. The site is located at 2030 El Cajon Blvd, just east of Park Blvd in the city’s University Heights area.
The buyer plans to develop an upscale, mixed-use apartment p...
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• Interpreta Inks Lease for 20k sf HQ Space in Torrey Pines
9/22/14
Interpreta has signed a new long-term lease worth $2 mil in Torrey Pines for a 20.3k sf corporate HQ and lab space. Interpreta will be relocating from La Jolla to a newly renovated campus-style facility located at 10578 Sci...
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• Work Completed on $6.5 Mil Kearny Mesa Hospital Facility Project
9/19/14
Work has been completed on a complete design-build renovation of the Sharp Memorial Hospital Rehabilitation Center in Kearny Mesa. The property is an existing 14.2k sf, single-level facility located at 2999 Health Center Dr, ...
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• Premier Business Centers to Open Second Location in Del Mar
9/16/14
Premier Business Centers, the big, national executive suite/alternative workspace provider, has entered into an agreement for its second executive suite center in San Diego’s Del Mar area. The new center is on the fourth floo...
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• Warehouse Property in National City Bought for $2.8 Mil
9/16/14
A private investor paid $2.8 mil for a 25k sf industrial/warehouse property on a 1.87-acre parcel of land in National City. The property is located at 326 W. 30th St, just east of I-5 and north of the 54 Fwy.
Mark Lewkowitz ...
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• Carlsbad Retail Center Lands $7.5 Mil in Financing
9/12/14
Hannay Realty Advisors LP, a subsidy of MCD Realty Advisors, Inc, has obtained $7.5 mil in financing for Palomar Place, a 15.3k sf, Class A retail center in Carlsbad.
Palomar Place is situated on 1.75 acres at the southwest ...
Price: $4.99
Executive Subscriber Price: Free
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• Carlsbad B of A Property Sells for $371/sf
9/10/14
A -story freestanding Bank of America building in Carlsbad sold for $7.2 mil ($371/sf). The 19.4k sf building is located at 7700 El Camino Real, at the southeast corner of El Camino Real and La Costa Ave.
The property occupi...
Price: $4.99
Executive Subscriber Price: Free
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• Pacific Southwest Realty Services Arranges $5.2 Mil on Santee Apartment Complex
9/09/14
David Smyle, Vice President in Pacific Southwest Realty Services’ San Diego office, has arranged a $5.172 mil loan secured by an apartment complex in Santee. The property, Mt. View Villas, contains 66 units on 2.5 acres at 85...
Price: $4.99
Executive Subscriber Price: Free
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• Sunwood Venture Entity Spends $5.8 Mil on Carlsbad Office/Industrial Property
9/08/14
Pacific Ridge Commerce Center, a 52.4k sf office and industrial park in Carlsbad, has been sold for $5.8 mil ($111/sf). The new owners, Sunwood Pacific Ridge LLC of San Diego, plan significant renovations to the project, whi...
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• San Diego Multifamily Comp Works Out to $136k/Unit
9/04/14
The Windsong Apartments, a 29-unit multifamily property in the Rolando/SDSU neighborhood of San Diego, has been sold for $3.95 mil, or about $136k/unit. Built in 1962, the Windsong Apartments is located at 4601 63rd St, east...
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• South Oceanside Medical/Office Property to Get a Facelift
8/29/14
Tri-City Corporate Towers, a 64.6k sf medical/office project in South Oceanside, sold for $6.85 mil ($106/sf). The new owners, IPF Tri-City LLC/Fenway Properties, are renaming the project Pacific Gateway Towers to reflect its...
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• Beachfront Restaurant Property in Encinitas Fetches $774/sf
8/21/14
An 8.4k sf restaurant building on a 35k sf beachfront property in Encinitas sold for $6.5 mil ($774/sf). The property is located at 2530 Hwy 101, north of Lomitas Santa Fe Dr and west of I-5.
The buyer plans to operate a new...
Price: $4.99
Executive Subscriber Price: Free
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• Trio of Recent Leases Total Over 40k sf at San Diego Medical Office Property
8/19/14
Arden Realty recently signed three leases totaling over 40k sf at its Chancellor Park property, a 199.6k sf medical office park located on Executive Drive in the UTC submarket of San Diego. Eric Vann and Brian Starck of Cassi...
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• Lincoln Property Company Buys 150k sf Carlsbad HQ Building for $21 Mil
8/18/14
Lincoln Property Company recently completed a northern San Diego County HQ buy, paying $21 mil for a 150.2k sf ($140/sf) building in Carlsbad. The building is located at 2081 Faraday Ave, within the Carlsbad Research Center.
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