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• San Diego Retail Property Sells for $3.85 Mil
5/16/13
Crosby Square, a 13.4k sf retail property with two second-story apartment units, recently sold for $3.85 mil. Situated in the southern Downtown San Diego submarket, the property is located at 1879 Logan Ave, just off the I-5...
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• Lowe Enterprises and I.D.E.A. Partners to Create Full-Block Mixed-Use Development in Downtown San Diego
5/16/13
The San Diego Community College District (SDCCD) has selected the team of Lowe Enterprises and I.D.E.A. Partners to enter into a long-term ground lease and create a mixed-use development in the I.D.E.A. District on a full cit...
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• Rexford Industrial Cleans Up with Dr. Bronner’s Magic Soaps
5/09/13
Dr. Bronner’s Magic Soaps, the number one selling natural brand of soap in North America, signed off on a $9.8 mil expansion/relocation lease for a 118.6k sf industrial facility in the city of Vista. The property is located a...
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• New Res Project Started in San Diego’s East Village Arts District
5/09/13
Construction is underway on a new 208-unit, residential project in the East Village Arts District of downtown San Diego. Called The Lofts, the five-story development is located at 688 13th St, fronting 13th Street between Mar...
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• Terramar Signs Five Restaurant Tenants at The Headquarters
5/02/13
A number of restaurant tenants including Pizzeria Mozza, The Cheesecake Factory, Puesto, Eddie V’s, and Seasons 52 have already inked deals for new locations at The Headquarters, a $40 mil adaptive re-use and renovation of th...
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• Investor Spends $120k/Unit on San Diego-Area Multifamily Asset
4/30/13
In a San Diego apartment buy, a private investor paid $2.495 mil for the Talmadge Pacific Apartments, a 21-unit ($119k/unit) property located at 4470 Euclid Ave, east of I-15 and just north of El Cajon Blvd in the San Diego c...
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• R.D. Olson Construction Assembles Carlsbad LEGOLAND Hotel
4/29/13
Construction has been completed on the LEGOLAND® Hotel at LEGOLAND® California Resort in Carlsbad. The 250-room hotel, featuring an exceptional, creative theme built to exacting LEGO® design standards, was built by R.D. Olson...
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• Buyer Makes $4.3 Mil Investment in Two El Cajon Apartment Properties
4/25/13
A private investor has purchased two El Cajon multifamily properties, totaling 40 units, for a total price of $4.34 mil ($108.5k/unit). The acquisition consists of the 22-unit Peach Palms, at 1038 Peach Ave, and the 18-unit S...
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• Carlsbad Apartment Property Sells for Over $900k/Unit
4/24/13
Ocean Villas at Carlsbad, an eight-unit, 9.3k sf apartment building located directly on the sands of Carlsbad State Beach in Carlsbad sold for $7.3 mil, which works out to a whopping $912.5k per unit.
Ocean Villas at Carlsba...
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• Beech Street Capital Arranges $9.6 Mil in Fannie Mae Money on El Cajon Apt Property
4/22/13
Beech Street Capital LLC recently closed a $9.6 mil Fannie Mae MAH loan for the acquisition of Bella Vista Apartments, a 150-unit affordable multifamily property in El Cajon. The fixed-rate loan has a 10-year term, with 9.5 y...
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• Dempsey Construction Acquires Legacy Building Services
4/17/13
In news of a notable real estate industry merger from San Diego, Dempsey Construction Inc has acquired general contracting firm Legacy Building Services, creating a diversified organization that will serve the commercial deve...
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• GTF Properties Acquires El Cajon Industrial Property
4/15/13
An 18.7k sf industrial building in El Cajon sold for $2.85 mil ($152/sf). The property is located at 310 N. Johnson Ave, north of Main St and south of I-8.
Tucker Hohenstein, Mike Erwin, Victor Krebs and Rob Morgan of Collie...
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• Investor Pays $1,680/sf for San Diego 7-Eleven
4/15/13
A private family trust paid $3.7 mil for a 2.2k sf ($1,682/sf) retail property leased by 7-Eleven in San Diego’s Kearny Mesa area. The property, constructed in 2012, is located at 7807 Balboa Ave, at the corner with Convoy St...
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• SR Commercial Completes $20 Mil Oceanside Industrial Buy
4/15/13
La Pacifica, a 230k sf multi-tenant industrial park located in Oceanside, was purchased by SR Commercial for $19.8 mil, or $86/sf. We’re told that this acquisition marks the largest industrial transaction in North San Diego s...
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• Investor Buys Two-Building Listing in San Diego’s Little Italy
4/12/13
In a recent San Diego deal, a private investor acquired the Cedar Street and California Street Portfolio, consisting of a 5k sf office building and the adjacent 6.2k sf industrial facility, for $2.46 mil. The Cedar Street and...
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• First Quarter 2013 Summary of San Diego’s Office and Industrial Activity
4/11/13
CBRE San Diego released its Market View reports covering San Diego commercial real estate activity for the first quarter of 2013. Here is a summary of that report, provided to us by CBRE San Diego.
The San Diego office marke...
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• Kearny Mesa Retail Center Goes for $8 Mil
4/09/13
In a San Diego-area retail sale, an investor paid $7.98 mil for Mercury Village Shopping Center, a 28.7k sf ($278/sf) property in Kearny Mesa. Located at 8006-8080 Clairemont Mesa Blvd, the center was 100 percent leased at th...
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• MG Properties Closes $11 Mil Multifamily Sale in Vista
4/08/13
“The Meadows was built in the 1970s with a low density of 14 units per acre, creating a spacious park-like environment that is not seen in newer projects. The units are in good condition and minor renovations will significant...
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• Res Developer Spends $6 Mil on 67 Lots in Lakeside
4/08/13
KB Home Coastal Inc has purchased 67 residential lots located on 16.5 acres in Lakeside for $6 mil. The property is located at 10025 and 101103 Ranchitos Rd in Lakeside, and each home site will have a lot size of 6k sf.
Gu...
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• San Diego-Area Office Campus Sells for $22.5 Mil in Off-Market Deal
4/04/13
In a San Diego-area office buy, Highbrook Investment Management LP has purchased Copley Business Center, a 102k sf office campus. HighBrook purchased the property in an off-market transaction for $22.5 mil ($221/sf), which in...
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