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• Excel Trust Closes $42 Mil AZ Retail Buy
5/18/12
Excel Trust has acquired 188k sf, or roughly half, of Lake Pleasant Pavilion Shopping Center, a 373k sf community shopping center in Peoria, a city in the Phoenix, AZ metro area, for $41.75 mil. One of the anchor tenants, a 1...
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• MG Properties Group Closes $18.5 Mil Seattle Multifamily Purchase
5/10/12
San Diego-based MG Properties Group closed on a Seattle multifamily buy, having paid $18.5 mil for The Cornelius Apartments, a 137-unit ($135k/unit) apartment community in the city’s downtown. The seller was an affiliate of ...
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• San Diego Apartment Complex Sells for $3.3 Mil
5/04/12
Del Sol, a 32-unit apartment property in San Diego’s Golden Hill area, close to the city’s downtown, recently sold for $3.3 mil ($103k/unit). The asset is located on 33rd St, close to Petco Park, Mission Valley, Balboa Park, ...
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• Oceanside Retail Center Refinanced with $16 Mil from PNC Bank
5/04/12
A Kimco Realty Corporation affiliate has obtained $16 mil in refi money for Fire Mountain Center, a 92k sf, Class A neighborhood shopping center in Oceanside. The new financing was arranged by HFF and funded by PNC Bank N.A.
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• Gerrity Group Spends $19.5 Mil on Oceanside Retail Center
5/01/12
Gerrity Group has purchased Old Grove Marketplace, an 81.3k sf shopping center in Oceanside, for $19.55 mil, or around $240/sf. The shopping center sits on just over 8.5 acres and is located at 101, 125, 165 and 175 Old Grove...
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• Resmark and ColRich Join Forces to Develop 427 New Residences in Southern
4/17/12
In the latest multifamily development news from San Diego, Resmark Apartment Living and ColRich have teamed up to develop two apartment communities totaling 427 units in southern San Diego County. The 19.6-acre development si...
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• Encinitas Office Building Sells for Nearly $7 Mil
4/10/12
Westcore Properties has purchased a 37.4k sf office building in Encinitas for $6.8 mil ($182/sf). The two-story building, located at 679 - 681 Encinitas Blvd, east of I-5, is currently 100 percent leased to tenants including ...
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• Taylor Research Leases 10.5k sf of Kearny Mesa Office Space
4/09/12
Taylor Research Inc agreed to an eight-year lease worth $2 mil for 10.5k sf of office space in Kearny Mesa. Taylor, a marketing research company, will be locating to 6602 Convoy Ct, north of Claremont Mesa Blvd and east of I-...
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• San Marcos Age-Restricted Complex is Dornin Investment Group’s Seventh Buy in the Last Nine Months
4/02/12
In a recent San Diego County apartment buy, Dornin Investment Group (“DIG”) acquired Royal Oaks Senior Apartments, a 122-unit garden-style apartment complex in San Marcos. Since it was constructed in 2003, the property has o...
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• PCCP Provides $46 Mil for Two Kimpton Hotel Properties
3/30/12
PCCP LLC announced today it has provided a $46 mil senior loan to KHP Fund II L.P., a real estate private equity fund sponsored by Kimpton Hotels & Restaurants, to finance the repositioning of two hotels. The hotels are the 2...
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• PODS Retain Control of 65k sf Carlsbad Space
3/28/12
PODS of San Diego, a company that provides moving and storage services through its company-owned and independent franchise network, has signed an 84-month, $3.8 mil lease extension for 64.5k sf ($0.70/sf/mo) of industrial spa...
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• San Diego Investor Acquires Over 300 Acres in Mesa, AZ
3/27/12
Buckeye Casa Grande L.P., a San Diego-based limited partnership, purchased 309 acres of land in Mesa, AZ for just over $9 mil. The land is situated at the southeast corner of Pecos and Ellsworth Roads, just south of the Willi...
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• Draftsmen & Craftsmen
3/22/12
McCarthy Building Companies has topped out steel construction for the new 206k sf, four-story Math and Science Building at San Diego Mesa College. The new facility is located at 7250 Mesa College Dr in the Clairemont area of ...
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• Enterprise Rent-A-Car Inks Ground Lease for Pacific Beach Parcel
3/20/12
Enterprise Rent-A-Car Company has signed a $1.7 mil, 20-year ground lease for a 16.5k sf parcel at 2780 Garnet Ave at the intersection of Mission Bay Dr in the Pacific Beach area of San Diego. Enterprise will start construct...
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• Terramar Retail Centers Finances Encinitas Center with $43 Mil
3/14/12
Terramar Retail Centers has obtained $43 mil in financing for Encinitas Village, a 183.7k sf retail center in Encinitas. Encinitas Village is located at 105-133 North El Camino Real, north of the intersection of Encinitas Blv...
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• Trigild Named Manager / Receiver for Seven Apartment Properties
3/14/12
Trigild, the San Diego-based real estate management and loan recovery firm, was appointed property manager and receiver for seven multifamily complexes with a combined 838 units across the country. The firm has taken over day...
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• Excel Realty Trust Spends $23.5 Mil on Carlsbad Retail Asset
3/13/12
om J. Lagos, Senior Vice President, Director Retail Services Group, El Warner, Associate Vice President, both based in the Colliers’ Downtown Los Angeles Office, Mark McEwen and Rich Lebert, both Senior Vice Presidents, based...
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• Industrial Sales Comps from the San Fernando Valley and San Diego County
3/09/12
In a recent industrial sales comp from the west San Fernando Valley, Roscoe Business Centre, a 92.4k sf biz park, sold for $7.8 mil ($84/sf). The asset is located at 8130, 8200 and 8220 Remmet Ave, west of Canoga Ave and sout...
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• MG Properties Closes $27 Mil Reno Multifamily Buy
3/08/12
San Diego-based MG Properties Group has acquired Manzanita Gate Apartments, a 324-unit multifamily property in Reno, NV, for $27 mil ($83.3k/unit). Built in 1997, Manzanita Gate is located at 2475 Robb Dr in the foothills of ...
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• San Diego Apartment Property Sells for Near $3 Mil
3/05/12
The Catalina, a 7.4k sf apartment complex in San Diego’s Hillcrest neighborhood, was purchased by K & L San Diego LLC for $2.885 mil. The property is located at 237 East Spruce St, in the heart of true Banker’s Hill.
The c...
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