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• Solana Beach School District Breaks Ground on New $27.6 Mil Elementary School
11/20/12
The Solana Beach School District broke ground on the new Solana Ranch Elementary School in San Diego. The $27.6 mil project, which represents the seventh elementary school in the district, is being built by Balfour Beatty Con...
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• Triumph Properties Completes $20 Mil Carlsbad Multifamily Buy
11/19/12
Triumph Properties Group has acquired Villa Real Apartments, a 163-unit apartment home community in Carlsbad, from Receiver Douglas Wilson and Company for $20.1 mil ($123k/unit). Built in 1979, the Villa Real Apartments are l...
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• Carlsbad Office Lease Worth Over $5 Mil
11/16/12
San Diego-Imperial Counties Development Services Inc (a California Non-Profit Corporation) signed a 10-year lease worth $5.4 mil for 30.9k sf ($1.46/sf/mo) of office space in Carlsbad.
The tenant plans to use the space, loc...
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• Oceanside Industrial Building Goes for $90/sf
11/14/12
Artgab Coast Properties Inc picked up a 19.5k sf industrial building in Oceanside for $1.78 mil, or about $91/sf. Artgab plans to use the space for light manufacturing and storage.
The property is located at 1342 Rocky Poin...
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• Investor Acquires 19 Units at San Diego Condo Complex
11/09/12
Karnazes Family Trust purchased 19 units at Palm Terrace Condominiums in the Normal Heights neighborhood of San Diego for $2.3 mil. Located at 4654-4670 33rd St, Palm Terrace Condominiums was built in 1956 as a 28-unit apartm...
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• Oliver McMillan Looking to Sell The Lofts Portfolio in Downtown San Diego
11/09/12
We’ve learned of a big San Diego residential offering to come on the market, as OliverMcMillan has listed The Lofts Portfolio for sale. Located in the East Village neighborhood of downtown San Diego, The Lofts Portfolio consi...
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• La Jolla Mixed-Use Property Sold Through Auction .com Platform for $395/sf
11/08/12
In a recent La Jolla purchase, a private investor paid $7.2 mil for Villa Norte, a 19.7k sf mixed-use property. The property sold for a CAP rate of 5.30% and was approximately 67% occupied at the time of sale. The deal worke...
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• San Diego Housing Dev to Move Forward Thanks to $45 Mil in Construction/Permanent Money
11/07/12
In a large financing deal, Holland Partners has obtained $45 mil in construction/permanent money for 15th and Market, a 243k sf, Class A multi-housing development to-be-built in the East Village submarket of downtown San Dieg...
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• Recent Upgrades and Increased Leasing Activity Brings San Diego-Area Office Building to 92% Leased
11/07/12
Nobel Executive Center, a 119.7k sf, Class A office building in San Diego UTC submarket, now stands at just over 92% leased, thanks to a productive year of leasing activity. The building, located at 3655 Nobel Dr, was 76.8% l...
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• Michael Gregory Builders Purchases Remaining Seven Lots at Upscale Res Community in Rancho Santa Fe
11/06/12
Michael Gregory Builders recently acquired the last seven lots available at The Farms golf community in Rancho Santa Fe for a total transaction value of $3.75 mil. The seven lots, which average nearly an acre in size with fai...
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• HFF Arranges Two San Diego Financings Totaling $40 Mil
11/06/12
HFF recently closed two San Diego-area financings totaling just about $40 mil. One of the transactions was a $27.5 mil loan for the San Diego Union Tribune Headquarters, a three-building, 329k sf, mixed-use complex in the Mis...
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• $10 Mil Industrial Sale Suggests Activity Uptick in Miramar Area
11/02/12
An 85.2k sf industrial building in San Diego’s Miramar area sold for $10.2 mil, or about $120/sf. The building is located at 9115 Activity Rd, north of Miramar Rd and west of I-15.
Bryce Aberg, SIOR, Brad Tecca and Brant Abe...
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• Scripps Ranch Office Property Sells for Over $10 Mil
11/01/12
Double Black Diamond Properties LLC paid $10.4 mil for a 60.9k sf ($171/sf) office building in the Scripps Ranch area of San Diego. Located at 10150 Meanley Dr, east of I-15 and north of Pomerado Rd.
The office property’s s...
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• Non-Profit Acquires 87k sf Chula Vista Office Building
10/31/12
CHG Foundation has purchased an 87k sf office building in Chula Vista for $11.85 mil ($136/sf), in what we’re told is the largest office sale in the Chula Vista submarket in 2012. CHG, or Community Health Group, is a Californ...
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• Cruzan/Monroe and Cigna Investments Close $121 Mil San Diego Office Buy
10/26/12
Current tenants at the tower include Fashion Institute of Design and Merchandising, Red Door Interactive, Cox Media, Comerica Bank and CBRE San Diego’s downtown office, in addition to several creative, legal and financial fir...
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• Terramar Underway with Redevelopment of the Old Police Headquarters in San Diego’s Seaport District
10/25/12
Terramar Retail Centers has begun work on The Headquarters, a $40 mil adaptive re-use and renovation of the Old Police Headquarters building into an approximately 100k sf, dining and entertainment destination adjacent to Seap...
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• The Alison Company Arranges New Financing on Pair of SoCal Office Properties
10/19/12
Shaun Moothart of The Alison Company arranged approximately $8 mil in permanent financing in separate deals on two SoCal office buildings.
The larger of the transactions was for a 69.6k sf multi-tenant office building locat...
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• San Diego Industrial Property Sells for Over $2 Mil
10/19/12
A 17.2k sf industrial manufacturing building in San Diego sold for $2.1 mil, or $122/sf. Built in 1979, the property is located at 7505 Trade St, in the Miramar area.
Colliers International brokers Arnie Friedman and Evan ...
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• Chula Vista CVS Property Sells for $447/sf
10/15/12
A 15k sf, CVS-occupied retail property located at 16 3rd Avenue Extension in Chula Vista sold for $6.7 mil ($447/sf). The property received multiple offers and sold in an all-cash transaction.
The 24-hour CVS is situated o...
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• San Diego Office Building Fetches $4.35 Mil
10/10/12
Pacific Investment Company LLC has purchased the 22.3k sf Pacific Gateway office building in San Diego for $4.35 mil ($195/sf). The property is located at 1495 Pacific Hwy, just off I-5, about a block in from the coast at the...
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