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• Investors Pay $670/sf for Single-Tenant La Jolla Building to Be Torn Down for Res Project
8/06/14
A free-standing, single-tenant in La Jolla sold for $6.8 mil, or around $670/sf. The 10.1k sf building, on just over half an acre at 720 Silver St, was purchased by EHOF La Jolla LLC, William A. Berwin and Michael K. Pierson....
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• Iconic San Diego Office Building Sells
7/30/14
BBL Commercial Real Estate and Westbrook Partners have acquired Fifth Avenue Financial Center, located at 2550 Fifth Avenue in downtown San Diego, for an undisclosed amount. The iconic tower, commonly known as “The Mister A’s...
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• Chula Vista Res Community Gets Underway
7/29/14
San Diego-based private equity firm Pathfinder Partners LLC and developer Lanshire Housing Partners LLC have broken ground on Bahia Vista Townhomes, a 21-unit community in Chula Vista’s up-and-coming Marina District. Pathfind...
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• Otay Mesa Industrial Sales Comp Goes for $71/sf
7/28/14
A 115.3k sf industrial building located in the master-planned Siempre Viva Business Park in the Otay Mesa area of San Diego sold for $8.15 mil, or $71/sf. The buyer was Niceride 1 LLC.
The building, located at 8851-8877 Kern...
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• Private Investor Pays $5.8 Mil for El Cajon Industrial Property
7/24/14
A 70.7k sf industrial business park in El Cajon recently sold for $5.77 mil ($82/sf). Built in 1971, the property sits on a four-acre site at 474-500 Raleigh Ave in the city’s downtown.
The property offers easy access to SR-...
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• Oceanside Retail Property Goes for $233/sf
7/22/14
Douglas Square, a 28.8k sf retail property in Oceanside, recently sold for $6.7 mil ($233/sf). The shopping center is located at 650-660 Douglas Dr, on the corner of North River Rd and Douglas Dr.
The property has 12 units t...
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• Investor Picks Up Mixed-Use Property in San Diego’s Marina District
7/21/14
Kettner Investments II LLC has purchased a two-story, mixed-use building in downtown San Diego for $1.75 mil ($322/sf). The 5.4k sf building is at 629-633 Kettner Blvd, on the west side of Harbor Dr.
Located in the Marina Di...
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Executive Subscriber Price: Free
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• San Diego Office Market Sees Over 200k sf of Positive Net Absorption for 2nd Quarter 2014
7/18/14
Here is a mid-year review of the San Diego office market, provided by the San Diego regional office of real estate services firm Colliers International:
MARKET OVERVIEW
The San Diego office market posted a successful second...
Price: $4.99
Executive Subscriber Price: Free
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• Kearny Mesa Biz Park Acquired by IPG-Monro Capital Fund I LP
7/16/14
Tierrasanta Research Park, a multi-tenant, 112.3k sf business park located in the Kearny Mesa area of San Diego, was purchased by IPG-Monro Capital Fund I LP for $19.5 mil ($174/sf). The property was sold by Hudson Pacific Pr...
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• San Diego Apartment Comp Sells for $158k/Unit
7/11/14
A nine-unit, cottage-style apartment property in San Diego sold for $1.425 mil ($158.3k/unit). Located at 3917-31 Hamilton St, west of I-805 and north of University Ave, the property consists of eight one-bedroom/one-bath and...
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• 1031 Exchange Investor Spends Just Under $5 Mil on El Cajon Manufactured Home Community
7/10/14
A private investor involved in a 1031 exchange purchased Melody Mobile Home Estates, a 52-site manufactured home community in El Cajon, for $4.8 mil ($92.3k/site). The property is located at 1313 East Main S, south of I-8 at ...
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• Carlsbad Office Property Trades Hands
7/07/14
Centerpoint Plaza, a 97.8k sf office building in Carlsbad was acquired by Madison Core Property Fund/New York Life. The property, located at 5901 Priestly Dr, west of El Camino Real and just south of Faraday Ave, was sold by ...
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• San Diego Retail Lease Comps
7/03/14
Here’s a quick review of a few recent San Diego-area retail lease comps, provided to us by real estate services firm Cassidy Turley, who was involved in all these deals.
In Escondido, 99 Cents Only Stores LLC leased 17.2k sf...
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Executive Subscriber Price: Free
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• Imperial Beach Multifamily Comp Closes at $120k/Unit
7/02/14
Century Arms Apartments, a 30-unit, 22.8k sf multifamily property in Imperial Beach, sold for $3.6 mil, or $120k/unit. The property is located at 1471 13th St, south of Imperial Beach Blvd and west of I-5.
The fully occupied...
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• Renovation Work Nearly Finished on Portfolio of San Diego-Area Properties
7/01/14
Parallel Capital Partners is wrapping up $12 mil in renovations of its Creative Collection – a portfolio of 26 creative office, R&D and lab buildings totaling 577.6k sf – in the tech-centric hub of Sorrento Valley and nearby ...
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• Newly Built Pacific Beach Res/Retail Project Financed with $5 Mil in Take-Out Money
7/01/14
Veritas Urban Properties has obtained $5 mil in take-out financing for The Point @ Ingraham, a newly-built, mixed-use residential and retail project in San Diego’s Pacific Beach area. The 4.17 percent, 10- year, fixed-rate lo...
Price: $4.99
Executive Subscriber Price: Free
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• Otay Mesa Industrial Lease Comp Averages to $0.52/sf/mo
6/27/14
R&R International Freight Forwarding Inc signed a 65-month, $1.2 mil lease for a 35.6k sf industrial building in the Otay Mesa area of San Diego. R&R, which has been serving the international transport industry since 1991 and...
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• San Diego-Area Industrial Sales Comp Trades at $95/sf
6/26/14
Solana Enterprises has purchased an 83.3k sf industrial building in San Diego’s Miramar area for $7.95 mil ($95/sf). The property is located at 7455-7465 Carroll Rd, east of Camino Santa Fe and north of Miramar Rd.
The prope...
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• Kearny Mesa Office Building Sold to Local Television Station
6/25/14
A 52.3k sf office building in Kearny Mesa sold for $9.64 mil, or about $184/sf. The two-story, Class building is located at 9680 Granite Ridge Dr, south of Aero Dr and west of I-15, within the StoneCrest office complex.
Tim ...
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• DRA Advisors and Cypress Office Properties Pay $40 Mil for Sorrento Mesa Office Portfolio
6/23/14
A three-project office portfolio in Sorrento Mesa was acquired by a partnership of DRA Advisors LLC and Cypress Office Properties LLC for $40.15 mil. The properties, totaling 190.2k sf ($211/sf) in four buildings, were sold b...
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