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• Colliers Awarded Leasing Assignment for 546k sf Symphony Towers in Downtown San Diego
12/16/24
The leasing assignment for Symphony Towers in the historic Financial District of Downtown San Diego has been awarded to Colliers. Chris High, Steve Bruce and Conor Evans with Colliers will lead the marketing efforts for the p...
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• Steel Peak Spends $2.6 Mil on San Diego Industrial Outdoor Storage Property
12/13/24
Steel Peak has acquired an industrial outdoor storage (IOS) property in San Diego for $2.62 mil. The property, located at 6975 Camino Maquiladora, consists of a 6.2k sf industrial building and expansive concrete fenced yard o...
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• ORKA Holdings Buys 15-Unit Apartment Property in Oceanside
12/13/24
In a recent multifamily comp from north San Diego County, ORKA Holdings purchased El Jugador, a 15-unit property in Oceanside. Although we don’t have the price, we can tell you that the purchase was financed with a $4 mil acq...
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• BKM Capital Partners Completes $76.9 Mil Recapitalization of Three San Diego Properties
12/12/24
BKM Capital Partners has recapitalized three San Diego business parks from its BKM Industrial Value Fund II, LP with Tokyu Land US Corporation for $76.9 mil. The transaction represents the first joint venture between BKM and ...
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• Sorrento Mesa Office Property Sells for $180/sf
12/10/24
A 67.1k sf, three-story office building in Sorrento Mesa sold for $12.05 mil ($180/sf). The property is located at 6060 Cornerstone Court W, in the prime life science submarket within Sorrento Mesa.
The buyer, San Diego-base...
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• Solana Beach Retail Center Fetches $895/sf
12/06/24
212 South Cedros, a premier 16.7k sf, specialty retail center in Solana Beach, sold for $14.95 mil ($895/sf). The two-building property is situated on 0.92 acres at 142-212 South Cedros Ave, within the Cedros Avenue Design Di...
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• Carlsbad Apartment Property Goes for $435k/Unit
12/05/24
Here’s a quick comp on a Carlsbad apartment property that just sold. The 20-unit asset fetched $8.7 mil, or $435k/unit.
Built in 1972, the 16.9k sf property sits on a 26.6k sf lot located at 975 Laguna Dr, just west of I-5....
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• Carlsbad Industrial/Flex Facility Trades in $49.5 Mil Owner/User Buy
12/04/24
In a recent owner/user buy, IDEC Corporation purchased Studio 2200, a 233.2k sf freestanding industrial/flex building in Carlsbad, for $49.5 mil ($212/sf). IDEC is a leading manufacturer of industrial automation and control p...
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• Rancho Bernardo Office/Flex Building Gets New Owner in $10 Mil Deal
11/26/24
A 35.3k sf, fully vacant office/flex building in San Diego traded for $9.95 mil ($282/sf) in an all-cash, off-market deal. The property is located at 16980 Via Tazon, just west of the 15 Fwy in the Rancho Bernardo area.
Orig...
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• Parallel Capital Partners Closes $14.5 Mil San Diego Industrial Buy
11/21/24
Parallel Capital Partners spent $14.5 mil on two freestanding industrial buildings totaling 72.8k sf ($199/sf) of space located at 5965 and 5975 Santa Fe St, just east of I-5 and south of Hwy 52 in San Diego.
The buildings w...
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• San Diego County Water Authority Spends $38.7 Mil on New Industrial Facility in Escondido
11/21/24
San Diego County Water Authority purchased a newly completed, 88.6k sf freestanding industrial building on 9.5 acres in Escondido in a $38.76 mil transaction. The asset was sold by RPG in a deal that works out to $437/sf.
T...
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• Sudberry Properties Finishes Work on 360-Space Parking Structure at New Mission Valley Res Project
11/18/24
Sudberry Properties has completed construction of the 360-space, six-level parking structure at The Brynn, the firm’s fourth apartment community at Civita in Mission Valley. Sudberry is the master developer of the 230-acre Ci...
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• San Diego Multifamily Asset Trades for Over $82 Mil
11/15/24
Market Street Village Apartments, a 229-unit residential community in East Village, the fastest-growing neighborhood in Downtown San Diego, sold for $82.2 mil, or $359k/unit. The asset was sold by Equity Residential.
Located...
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• Escondido Multifamily Property Fetches $564k/Unit
11/15/24
A 14-unit townhome complex in Escondido traded hands in a recent $7.9 mil ($564k/unit) transaction. The extensively renovated property, located at 938 North Fig St, consists of all large two-story, three-bedroom, two-and-a-ha...
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• Capstone Advisors Pays $578/sf for Coastal SoCal Retail Center
11/13/24
In a notable SoCal retail trade, Capstone Advisors bought Beachwalk Shopping Center, a 55.6k sf, coastal retail property in Solana Beach, for $32.125 mil ($578/sf). Beachwalk features a diverse tenant mix including food and b...
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• Commercial Real Estate Financing Briefs
11/11/24
GANTRY -- Gantry’s George Mitsanas, Braden Turnbull and Austin Ridge secured a $55.9 mil purchase money permanent loan for the acquisition of the Huntington Oaks retail center located at 500-600 W. Huntington Dr in the city o...
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• Coastal Carlsbad Apartment Asset Sells for Over $500k/Unit
11/07/24
Dunbar Residential Investments, in partnership with Long Wharf Capital, acquired Pure Beach Living, a 40-unit residential property in Carlsbad, for $20.9 mil ($522.5k/unit). The property I located less than a half mile from t...
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• $350 Mil Student Housing Project Finished at UC San Diego’s La Jolla Campus
11/04/24
Pepper Canyon West Living and Learning Neighborhood, a new residential community located on the eastern edge of the University of California San Diego’s historic La Jolla campus, has been completed.
Anchored by two towers,...
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• New San Ysidro Owner/User Development Provides 132k sf of Office and Retail Space just North of the U.S. / Mexico Border
11/01/24
Work has been completed on a new, 132.4k sf six-story mixed-use structure in San Ysidro for Baja-Mex Insurance Services. The visually striking building was built by C.W. Driver Companies and includes a parking structure along...
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• Lennar Homes Acquires 11-Acre Res Development Site in Poway
10/31/24
Lennar Homes acquired Harmon Ranch on Oak Knoll, a 10.87-acre land development site in Poway, for $24.5 mil. The land is fully approved for 64 single-family homes.
Located at 12624, 12650 and 12702 Oak Knoll Rd, the property...
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