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• San Diego Office Building Goes for Over $500/sf
2/21/13
Foley Corporate Center, a 34.6k sf office building in San Diego’s Carmel Valley area, was purchased by Realliance LLC in a deal valued at $18 mil, or $520/sf. The property is located at 11943 El Camino Real, on the corner di...
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• SR Commercial Stepping Up Its San Diego Acquisition Efforts
2/20/13
SR Commercial has closed two northern San Diego County industrial buys in deals totaling almost $13 mil. One of the acquisitions was a 125k sf, Class A industrial warehouse in Vista that traded for $10 mil, while the other bu...
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• Investor Closes $5 Mil San Diego Investment
2/19/13
Hammer Commercial Ventures, a local real estate development and investment firm owned by Jon Hammer, paid $5.35 mil for a multi-property acquisition in San Diego. The purchase consists of a four-story office building located ...
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• Retail Investment Activity Sprouts Up in San Marcos
2/19/13
A San Marcos-based investor has acquired Bernardo Heights Plaza, a 37.7k sf, Sprouts-anchored shopping center in the San Diego-area, master- planned community of Rancho Bernardo. The purchase price was $12.45 mil, which works...
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• Investors Taken with Moonlight Beach
2/14/13
The retail component has street-level visibility fronting Coast Hwy with current tenants including Curan & Curan Law Offices, Image Salon, Deep Tan, Mosaic Sports Management, The Den, The Insurance Store, Perspectives, Lofty ...
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• County of San Diego Leases 32k sf of La Mesa Office Space
2/14/13
The County of San Diego, Health and Human Services Agency has leased 32k sf of office space at 8765 Fletcher Pkwy, north of I-8 and west of Hwy 125 in La Mesa. The lease is for a 132 months and a total value of $9.25 mil, whi...
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• La Jolla Apartment Property Trades for Over $500k/Unit
2/13/13
In Eden, a 17-unit apartment property in La Jolla, was purchased by a private investor for $8.95 mil ($526.5k/unit). The property, located at 600-616 Prospect St, sold for a record price per unit and price per square feet for...
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• Cassidy Turley Awarded Management Assignment for 11 msf Portfolio, Mostly in NoCal
2/12/13
Westcore Properties has awarded the management assignment for 11.1 msf of industrial, office and retail space in Northern California, as well as industrial space in Indianapolis and St. Louis, to Cassidy Turley.
Westcore, in...
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• Elizabeth Hospice Leases 25k sf of Escondido Office Space
2/08/13
San Diego-based Elizabeth Hospice leased 25.2k sf of Class A office space at La Terraza Corporate Plaza, a 78.5k sf office building in Escondido. The 10-year lease is valued at $7.36 mil ($2.43/sf/mo) and represents the large...
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• OC Investors Spend $3.5 Mil on Encinitas Apartment Property
2/07/13
Leucadia Shores, a 14-unit multifamily property in Encinitas, sold for $3.5 mil ($250k/unit). The apartment building, located at 1717 N. Vulcan Ave, was acquired by private investors from Newport Beach.
The property was sold...
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• Zephyr to Take Off at Carlsbad Site Thanks to $13 Mil to Start Construction
2/01/13
Zephyr Partners has obtained $13 mil in joint venture equity financing to be used to start development of a new, 35-unit luxury condo community called Ocean Street Condominiums in Carlsbad. A New York- based investment manage...
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• Investor Pays $165/sf for Office Building in San Diego’s Sorrento Valley Area
1/31/13
A 26k sf office building in San Diego’s Sorrento Valley sold for $4.3 mil ($165/sf). The two-story, multi-tenant building is located at 10455 Sorrento Valley Rd, south of Sorrento Valley Blvd and adjacent to I-805.
Brandon T...
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• LBA Realty Makes $4 Mil Industrial Buy in Kearny Mesa
1/25/13
LBA Realty purchased a 14.4k sf, single tenant, industrial building in San Diego’s Kearny Mesa area for $4.1 mil ($285/sf). The property, sold by Kensington Properties LLC, is located at 3555 Aero Ct, on the east side of the ...
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• Drawbridge Realty Trust Completes $18 Mil Santa Clara Office Buy
1/24/13
In addition to Scott Boulevard, Drawbridge Realty Trust recently acquired three office properties in San Diego County. Two of the three buildings are leased to Broadcom Corporation and are situated within the Discovery Corpo...
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• Retail Condo Property at Entrance to San Diego’s Gaslamp Quarter Sells
1/23/13
Paragon Real Estate Fund purchased the Bridgeworks Retail, an 18.6k sf retail condominium in San Diego’s historic Gaslamp Quarter. The property, located at 224-238 5th Ave, directly across the street from the San Diego Conven...
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• Lowe Enterprises Starts Work on 119k sf County Operations Center and Annex in Kearny Mesa
1/21/13
Lowe Enterprises has begun construction on the third phase of the County Operations Center and Annex redevelopment (COC) in Kearny Mesa—the 118.5k sf Registrar of Voters Headquarters which will be built to LEED standards. The...
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• San Diego Office/Medical Property Goes for $9.2 Mil
1/18/13
A 33.9k sf office property in San Diego sold for $9.2 mil, or $271/sf. The property, located at 7625-7675 Linda Vista Rd, is directly west of the 163 Fwy and across from the Sharp Hospital complex and its surrounding medical ...
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• Regency Centers Pays $81 Mil for Grocery-Anchored, Infill Center in San Diego’s Hillcrest Area
1/18/13
Regency Centers Corporation, the NYSE-traded owner and operator grocery-anchored shopping centers, has acquired Uptown District Shopping Center, a 148.6k sf mixed-use retail center in San Diego’s Hillcrest neighborhood. The p...
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• Office Building in San Diego’s UTC Trades Hands in $29 Mil Deal
1/17/13
In its second major commercial real estate acquisition in just two months, a joint venture of BCL Inc of San Diego and Fargo Investments LP has purchased Regents Park Financial Center, a 95.8k sf, Class A office building in t...
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• El Cajon Apartment Community Snapped Up in $8 Mil Deal
1/15/13
Recht Family Trust purchased Greenfield Estates, a 58-unit apartment community in El Cajon, from R&V Management Corporation for $8 mil ($138k/unit). Located at 501 Greenfield Dr, the complex was 96 percent occupied at the tim...
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