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• Leasing Pros at Terranomics and Cassidy Turley Using Their Noodles
2/19/14
Noodles & Co has begun its roll-out of restaurant locations in California, recently inking deals for new locations in both the Northern and Southern ends of the state. Founded in 1995, Noodles & Co completed their IPO last s...
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• Escondido Retail Property Sells for $148/sf
2/17/14
Escondido Town & Country Shopping Center, a 70.9k sf retail property in Escondido, recently sold for $10.5 mil, or about $148/sf.
The property is located at 1625-1665 East Valley Pkwy, east of I-15 and the terminus of Hwy 7...
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• Pathfinder Partners and Vesta Hospitality Acquire La Quinta Hotel
2/07/14
Marking its first investment in the hotel industry, San Diego-based Pathfinder Partners LLC has partnered with Vesta Hospitality to acquire the 129-room hotel, an extended stay property at 45-200 Washington Street in La Quint...
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• Two Single-Tenant, SoCal Properties Sell in Pricey All-Cash Deals
2/06/14
Two single-tenant, net-leased properties in Southern California were acquired by all-cash buyers in recent transactions that commanded impressive prices. The deals occurred on the island of Coronado and in Santa Barbara.
The...
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• Retail Absorption for Second Half of 2013 in San Diego Highest Since 2008
1/31/14
Retail activity in San Diego County picked up speed in the second half of the year, with 600.8k sf of absorption. This was the most semi-annual activity since 2008, according to the latest data from real estate services firm ...
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• Heslin Holdings Completes 124k sf Oceanside Retail Buy
1/30/14
Heslin Holdings Inc has purchased Oceanside Plaza, a 124k sf retail center located in Oceanside. The property was acquired from Oceanside Plaza LLC for $11.25 mil ($91/sf) as a value-add opportunity with upside potential to b...
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• Newport National Obtains $16 Mil Bridge Loan on Carlsbad Office Building
1/22/14
Newport National Corporation has obtained a $15.93 mil bridge loan secured by Emerald Lake Corporate Centre, an 83.9k sf, Class A office building in Carlsbad. The partial recourse, three-year, floating rate loan was arranged ...
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• Kearny Mesa Multifamily Asset Goes for Over $14 Mil
1/17/14
Vista Capri North, a 106-unit apartment community in Kearny Mesa, sold for $14.35 mil, or $135.4k/unit. The property is located at 3277 Berger Ave and 8021 Donzee St, north of Mesa College Dr between I-805 and the 163 Fwy. Si...
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• Cassidy Turley Awarded Management Assignment for 1 msf San Diego Office Portfolio
1/15/14
Cassidy Turley has been awarded the management contract for a 1 msf, 12-building office portfolio recently acquired by Starwood Capital Group, a private U.S.-based investment firm with a core focus on global real estate. The...
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• Former Elementary School Property in San Diego Acquired for $18.5 Mil
1/14/14
Mission Beach Center, a 2.23-acre, former elementary school property in San Diego, was acquired for $18.5 mil as a redevelopment investment by McKellar McGowan LLC. The buyer plans to redevelop the now-vacant property as a re...
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• Kilroy Collects $327 Mil from Sale of 13 San Diego Office Properties
1/13/14
Kilroy Realty Corporation has sold 13 San Diego office properties in two tranches for total gross proceeds of approximately $327 mil. The portfolio included 1.1 msf of space and was approximately 91% leased.
As part of the ...
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• Carlsbad Condo Complex Trades for Over $5 Mil
1/13/14
Global Integrity Realty has purchased Sea Breeze, a 12-unit condo property in Carlsbad, for $5.2 mil ($433k/unit). The property, located at 3150 Ocean St, was sold by Holualoa Companies.
Built in 1982 on a 15.9k sf beachfron...
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• San Diego Multifamily Asset Sells for $4.55 Mil
1/10/14
A 22-unit multifamily property in San Diego sold for $4.55 mil ($206.8k/unit). Located at 3060 Suncrest Drive, the 13.9k sf complex is comprised of one- and two bedroom condos.
The property was completely remodeled in 2009....
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• Kearny Real Estate Purchases Downtown San Diego Office High-Rise
1/10/14
Kearny Real Estate Company has acquired a 232.1k sf office building in downtown San Diego from Union Bank NA. The building is located at 530 B Street, between 5th and 6th Aves, a few blocks northeast of Horton Plaza. The pric...
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• Ron Kaufman Companies Acquires San Diego Medical Office Building from Kilroy Realty
1/07/14
San Francisco-based Ron Kaufman Companies LLC closed out 2013 with the purchase of Pacific Medical Plaza, a 50.9k sf medical office building in the Sorrento Mesa area of San Diego, for $32.5 mil ($639/sf). The building, locat...
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• Investors Trade Vista Industrial Building for $1.3 Mil
1/07/14
A 10.5k sf industrial building in Vista sold for $1.343 mil ($128/sf). The building is located at 1212 Distribution Way, east of Melrose Dr and north of Sycamore Ave.
The property, built in 1994, is a rare auto repair facili...
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• Shea Homes Picks Up Vista Res Development Land
1/06/14
Shea Homes recently purchased an approved 73-lot Tentative Map on 8.55 acres in Vista for $7.65 mil. The property is located on the east side of East Vista Way just south of Warmland Ave.
The project is planned as a gated c...
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• Alegria Real Estate Acquires Res Development Land in University City
12/30/13
Alegria Real Estate, an investment group based in Solana Beach, has acquired 3.87 acres of prime land for new home development in the highly desired residential area of University City. The vacant property was sold for an und...
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• Martin Woods Apartment Homes Pays Over $12 Mil for La Mesa Apartment Community
12/19/13
The Villas at La Mesa, an 86-unit multifamily property in La Mesa, was purchased by LP, an entity of Property West Residential, for $12.26 mil ($142.6k/unit). The asset, located at 8515 Chloe Ave, was sold by Villa Apartment ...
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• Eagle Group Provides Short-Term Money to Refi SoCal Mobile Home Portfolio
12/16/13
Eagle Group Finance has provided a local real estate investor with a $1.7 mil short-term loan to refinance a mobile home portfolio in Southern California. The loan is cross-collateralized by Stonehenge Mobile Estates in Rosam...
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