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• $29 Mil Gets 60-Unit La Jolla Apartment Property
4/04/13
Neil, Comer and Matricardi of CBRE San Diego represented the seller, The Carolyn M. Holmer Irrevocable Trust. The buyers represented themselves.
“The sale of Prospect 400 was a once-in-a-generation transaction,” said Neil. ...
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• Jackson Pendo Development Picks Up 1.56-Acre Res Subdivision in San Diego’s Carmel Valley
3/29/13
A 1.56-acre residential subdivision property in the Carmel Ranch area of San Diego sold for $3.3 mil. The property is located at 4140 Worsch Way, north of Ted Williams Pkwy between Carmel Creek Rd and Carmel Country Rd.
The ...
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• Avison Young Opens New Office in San Diego led by Jerry Keeney
3/21/13
Avison Young has just opened a new office in San Diego, marking the firm’s 22nd market outside of Canada and an additional step in the firm’s ongoing aggressive growth and expansion strategy.
Over the past four years, Aviso...
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• San Diego-Area Retail Property Trades in $7 Mil Transaction
3/21/13
Hendricks Commercial Properties LLC has purchased Scripps Mesa Retail Center, a 25.7k sf retail center, for $6.925 mil ($269/sf). Located at 9801-9841 Mira Mesa Blvd, immediately east of the I-15 and adjacent to the Mira Mesa...
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• Wasatch Advantage Group Makes $16 Mil Escondido Multifamily Buy
3/19/13
In a notable San Diego-area multifamily buy, Wasatch Advantage Group LLC purchased Village Grove Apartments, a 161-unit community in Escondido, for $15.7 mil ($97.5k/unit). Located at 660 North Quince St, east of I-15 and sou...
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• Investors Trade 34-Unit El Cajon Apartment Property
3/19/13
In El Cajon, an investment fund purchased Autumn Ridge Villas, a 34-unit multifamily property located at 1019 Peach Ave, for $3.264 mil ($96k/unit). The asset was sold by Betty T. Ma, a private investor who represented itself...
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• Moxie Pacific Palomar Break Ground on 17-Acre Vista Site
3/08/13
Moxie Pacific Palomar LLC broke ground on a 17-acre site located within the Palomar Corporate Center in the city of Vista. The property is located at the corner of Palomar Airport Rd and Business Park Way.
The site, which...
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• California West Ventures Spends $10 Mil on 41 Custom Home Sites in N. San Diego County
3/07/13
California West Ventures II LLC has purchased 41 custom, improved home sites in the master-planned community of Cielo in Rancho Santa Fe, a northern San Diego County community located just south of Encinitas. The sites were s...
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• Imperial Beach Multifamily Property Goes for $115k/Unit
3/06/13
A private investor paid $3.58 mil for Grove Meadow Apartments, a 31-unit ($115.5k/unit) apartment property in Imperial Beach. The property, located at 1445 Grove Ave, was 100 percent leased at the time of sale.
Built in 1980...
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• Ashley Furniture Homestore Acquires 121k sf San Diego Warehouse Property
3/05/13
Ashley Furniture Homestore has acquired a 121.3k sf, two-story warehouse building in San Diego’s Miramar area for $5.67 mil ($47/sf). The building, located at 7770 Miramar Rd, was a former circuit board manufacturing and dist...
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• Escondido Multifamily Property Gets New Owner in $23 Mil Transaction
3/01/13
Avanath Capital Partners LLC has purchased The Terraces, a 190-unit apartment community located just north of San Diego in Escondido. The sales price of $23.4 mil equates to $123k/unit and $146/sf.
Built in 1995, the 159.9k ...
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• Retail Briefs
3/01/13
SAN DIEGO (San Diego County) -- A 5k sf retail property in downtown San Diego’s Little Italy area sold for $3.35 mil ($670/sf). The property is located at 1665 India St, southeast of San Diego International Airport and just t...
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• IDS Real Estate Venture Acquires San Diego-Area Biz Campus
3/01/13
Cabrillo Technology Center, a 285.6k sf office/corporate headquarters campus in San Diego’s Kearny Mesa submarket, was purchased by an IDS Real Estate Group affiliate in joint venture with an institutional partner. It was sol...
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• San Ysidro Retail Center Financed with $23.5 Mil
2/28/13
The Shamrock Group LLC has obtained $23.5 mil in financing for The Plaza at the Border, a 98k sf retail center along the U.S./Mexico border in San Ysidro, CA. The non-recourse, five-year, floating-rate loan was arranged by HF...
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• Profil Institute Inks Deal for 26k sf in Chula Vista
2/26/13
Profil Institute inked a nine-year extension lease for 26k sf at Centre Medical Plaza in the San Diego suburb of Chula Vista. The two-building, multi-tenant property, located at 855 and 865 3rd Ave, is owned by American Healt...
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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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