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Construction Finished on 200k sf Complex for San Diego Mesa College 12/16/13 Construction has been completed for the new 206k sf, four-story Math+Science Complex in the heart of San Diego Mesa College. The project, located at 7250 Mesa College Dr in the Clairemont area of San Diego, is being built by ...
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Real Estate Capital Advisors Arranges $11.8 Mil in Five San Diego Area Deals 12/16/13 San Diego-based Real Estate Capital Advisors has closed five loan transactions totaling $11.83 mil for multi-family and commercial real estate properties throughout San Diego County.
In one of the deals, Real Estate Capita...
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CIP Real Estate and Alex Brown Realty Pay $7 Mil for Kearny Mesa Biz Park 12/12/13 Irvine-based CIP Real Estate, in joint venture with Baltimore, MD-based Alex Brown Realty, has purchased an 80.4k sf business park in Kearny Mesa project for $7 mil ($87/sf) from Union Bank. The six-building industrial/flex p...
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Retail Development at US/Mexico Border Lands $40 Mil in Development Money 12/09/13 The Shamrock Group LLC has obtained $40 mil in financing for the development of The Outlets at the Border, a 140k sf retail outlet center along the U.S./Mexico border in San Ysidro. The money was arranged by Aldon Cole and Ti...
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Escondido Office Building Trades hands in $22 Mil Deal 12/05/13 Peregrine Realty Partners has purchased La Terraza Corporate Plaza, a 78.5k sf office building in Escondido, for $22.3 mil ($284/sf). The building was sold by Cypress Office Properties.
Built in 2008, the three-story office...
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Private Investor Pays $18.9 Mil for San Marcos Res Property 12/05/13 Royal Oaks Senior Apartments, a 122-unit garden style apartment complex in San Marcos, was acquired by a 1031 exchange private buyer for $18.83 mil, or $154.3k/unit. The asset was sold by Dornin Investment Group, who had pur...
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Investor Buys Two Office Buildings in Mission Valley 12/04/13 Gregg Seaman of Viewpoint Equities paid $9.9 mil for two office buildings in the Mission Valley area of San Diego. The properties were sold by Holualoa Companies.
The two, three-story buildings, located at 2635 and 2535 Cam...
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Inland Empire Health Plans Spends $51 Mil on Rancho Cucamonga Office Building 12/02/13 Inland Empire Health Plans (IEHP) purchased Atrium at Empire Lakes, a 392.7k sf office property in Rancho Cucamonga, for $50.8 mil ($129/sf) in a receivership sale. Located at 10801 E. 6th St, between Haven and Milliken Aves,...
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Craft Brewery Leases 107k sf San Diego Facility 11/19/13 In one of the largest leases in the San Diego area so far this year, Ballast Point Brewing and Spirits completed a deal for a 106.6k sf facility in the Miramar area. Ballast Point, a craft brewing and distilling company, agre...
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Essex Property Trust Pays $121 Mil for San Diego-Area Apartment Asset 11/15/13 Essex Property Trust recently closed a large SoCal multifamily buy, paying $121 mil for Domain by Alta, a newly constructed, 379-unit luxury apartment complex located at 8795 Lightwave Ave in the Kearny Mesa area of San Diego...
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Drawbridge Realty Trust Spends $36.5 Mil on Rancho Bernardo Office Asset 11/15/13 Drawbridge Realty Trust has acquired a 90.6k sf, Class A office building in the Rancho Bernardo area of San Diego for $36.5 mil, or just over $400/sf. The building, Discovery Corporate Center Building A, is located at 16340 W...
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SR Commercial Completes $8.5 Mil of San Diego-Area Acquisitions 11/13/13 SR Commercial has recently completed two acquisitions in the San Diego market - an 89.1k sf industrial/flex property in San Diego, and a 48.2k sf office property in Vista, bringing its current portfolio to 716k sf as of Novem...
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Res Property in San Diego’s City Heights Area Sells for Almost $100k/Unit 11/12/13 Las Dos Palmas, a 24-unit apartment property in the City Heights section of San Diego, sold for $2.27 mil ($94.6k/unit). Located at 2707 Highland Ave, the property is situated within five miles of Downtown San Diego and Missi...
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Oceanside McDonald’s Site Bought for over $6 Mil by 1031 Exchange Investor 11/08/13 A La Jolla-based 1031 exchange investor purchased an Oceanside retail site featuring a master ground lease to a McDonald’s Restaurant. The NNN deal, which was valued at nearly $6.2 mil, had a capitalization rate of 4.08 perce...
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TruAmerica Multifamily Closes $81 Mil Oceanside Apartment Buy 11/05/13 TruAmerica Multifamily wrapped up its first acquisition for the recently launched investment firm, paying $81 mil for Piazza D’Oro, a 221-unit multifamily complex in Oceanside. In addition to apartments, the property, located...
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Carlsbad Industrial Building Trades for Over $200/sf 11/01/13 A 26.8k sf industrial/R&D building in Carlsbad sold for $5.6 mil ($209/sf). The building is located at 3182 Lionshead Ave, north of Palomar Airport Rd and east of Melrose Dr.
Taylor Made Golf currently leases the building an...
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Clarion Partners and HP Investors Buy 55k sf Retail Asset in San Diego’s Gaslamp Quarter 10/28/13 A joint venture between Clarion Partners and HP Investors has purchased Gaslamp CitySquare, a 54.8k sf retail asset in San Diego’s historic Gaslamp Quarter. The property was acquired free and clear of existing debt from Cham...
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Work Completed on New 1 msf Naval Hospital at Camp Pendleton 10/27/13 Construction has been completed on the new 1 msf (total campus) Naval Hospital at the Marine Corps Base Camp Pendleton. The project, completed six months ahead of schedule and more than $100 mil under budget, was built by a j...
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Four Consecutive Quarters of Positive Net Absorption 10/25/13 Real estate services provider Cassidy Turley has released its third quarter San Diego office report, which shows demand for San Diego County office space is gaining traction following the region’s fourth consecutive quarter o...
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Regent Properties Closes $40 Mil Office Buy in Carlsbad 10/24/13 Regent Properties has purchased Faraday Corporate Center, a 229.8k sf, Class A office building in Carlsbad, for $40.4 mil ($175/sf). The property, sold by DRA Advisors LLC, is located at 2200 Faraday Ave, west of El Camino Re...
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