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• Private Investor Buys Kearny Mesa Office Building for Over $9 Mil
8/08/22
A 24.4k sf office building in San Diego’s Kearny Mesa submarket was purchased by a private investor for $9.2 mil, or $378/sf. The buyer, who was completing a 1031 exchange, went non-refundable upon the opening of escrow and c...
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• El Cajon Multifamily Community Traded in $34 Mil Deal
8/03/22
The Madison, a 110-unit apartment community in the East San Diego County City of El Cajon, sold for $34 mil, or $309k/unit. Built in 1976, the property is located at 1360 East Madison Ave.
The Madison comprises a unit mix of...
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• San Diego Life Sciences Campus Lands $165 Mil Refi Loan
8/01/22
Genesis Science Center, a four-building, life sciences R&D campus totaling 252k sf owned by Phase 3 Real Estate Partners Inc and Bain Capital Real Estate in San Diego, was refinanced with a new loan for $165 mil. The three-ye...
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• North Palisade Partners Spends $5.5 Mil on San Diego Logistics Asset
7/28/22
LA-based North Palisade Partners acquired a 61k sf logistics facility in San Diego for $5.5 mil ($90/sf). The purchase of the 1.4-acre property, which is located at 9350 Miramar Rd, closed at the end of June with construction...
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• Regent Properties Sells Three Carlsbad Properties in Two Deals Totaling Over $130 Mil
7/28/22
Regent Properties has collected $130.75 mil from two recent sales totaling three, Class A buildings in Carlsbad. One of the deals was for ATLAS, a 231k sf office/R&D campus, while the other sale was for two single-tenant crea...
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• Apartment Property in San Diego’s Bankers Hill Neighborhood Sells for $482k/Unit
7/25/22
A nine-unit apartment property in San Diego’s Bankers Hill neighborhood traded for $4.34 mil ($482k/unit). The property is situated on a 9.5k sf lot located at 3354-3370 1st Ave, midway between I-5 and Hwy 163.
The prime loc...
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• Brixton Capital Buys 104k sf Shopping Center in San Diego County
7/25/22
Brixton Capital has acquired Santee Town Center, a 103.9k sf shopping center in Santee, in an off-market transaction. The property was sold by Los Angeles-based Union City Investments.
Located at 270 Town Center Blvd...
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• Industrial Demand in San Diego Remains Strong
7/22/22
This report provided by real estate services firm JLL
Overview
• The San Diego industrial market is showing resilience in the face of macro-economic uncertainty.
• Large block leasing was active in Q2, with year-to-date lea...
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• Unique Mixed-Use Property in Rancho Santa Fe Trades Hands
7/22/22
A 4.7k sf, mixed-use building in Rancho Santa Fe was acquired by Nature’s Fusion Glow LLC. The property, located at 6012 Paseo Delicias in the heart of the Village of Rancho Santa Fe, consists of office, retail and residentia...
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• Dalfen Industrial Closes $24.8 Mil Industrial Buy in Otay Mesa
7/18/22
Dalfen Industrial purchased an 86.7k sf, freestanding industrial building in San Diego’s Otay Mesa submarket for $24.85 mil ($287/sf). The property was sold by a partnership between Alcion Ventures and Lincoln Property Compan...
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• BLT Enterprises Pays $58 Mil for Renovated Vista Industrial Asset
7/15/22
BLT Enterprises purchased 1 Viper Way, a Class A industrial building in Vista, for $58 mil. The property was sold by a partnership of RPG and CenterSquare, who acquired the asset in February 2021.
The sellers initially acqui...
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• New Encinitas Office/Retail Condo Unit Goes for Nearly $1,000/sf
7/13/22
Tower 16 Capital Partners acquired a new 8k sf, Class A office/retail condominium asset that makes up part of the newly constructed Surfside Luxury Lofts of Leucadia mixed-use development in Encinitas for $7.9 mil ($988/sf). ...
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• San Diego Office Market Holding Steady Heading into Second Half of the Year
7/11/22
This report was provided by real estate services firm Kidder Mathews
San Diego Office Market Update – 2nd Quarter 2022
MARKET DRIVERS
• Recent leasing activity highlights the trend of companies being attracted more to the ...
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• Preservation Equity Fund Advisors Acquires 144-Unit, Section 8 Housing Community in El Cajon
7/08/22
Preservation Equity Fund Advisors (PEF Advisors) has purchased Lexington Green, a 144-unit, stabilized project-based Section 8 housing community in El Cajon. The price was not disclosed.
The 98% occupied property is comprise...
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• Charter School Organization Buys 100k sf Vacant Office Campus in Oceanside
7/08/22
A vacant 100k sf, office campus on six acres in Oceanside sold for $11.8 mil ($118/sf). The asset consists of four low-rise buildings located at 1305-1320 Union Plaza Court.
The buyer was Partnering with Parents LLC, dba Th...
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• Carlsbad Office Asset Trades for $550/sf
7/07/22
An 11.8k sf office asset situated on .67 acres and in Carlsbad sold for $6.5 mil ($551/sf). The property is located at 390 Oak Ave, immediately off Carlsbad Village Dr, in the heart of Carlsbad Village.
390 Oak is convenie...
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• Strauss Company Spends $23 Mil on Kearny Mesa Office Park
7/06/22
San Diego-based M.C. Strauss Company acquired Lomas Pacific I & II, an 88.5k sf, suburban office park in San Diego from Brixton Capital for $22.8 mil ($258/sf). The two-building, multi-tenant campus is located at 9619 Chesape...
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• Seller Collects Near $3 Mil from Disposition of Two Encinitas Medical Office Condos
6/27/22
Two medical office condo suites in Encinitas sold in separate deals with a combined price of $2.86 mil. Originally a single unit, the suites are located adjacent to one another in a freestanding building at 700 Garden View Ct...
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• Hines Picks Up 230k sf of Industrial Space in Otay Mesa
6/14/22
Hines purchased a 229.7k sf, Class A industrial portfolio spanning two buildings in San Diego’s Otay Mesa submarket. The buildings, located at 7255 Otay Mesa Rd and 1695 Continental St, were sold by Murphy Development Company...
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• EverWest Real Estate Investors Closes $17 Mil San Diego Industrial Buy
6/08/22
EverWest Real Estate Investors purchased a 55k sf industrial asset in San Diego’s Miramar submarket for $17.3 mil, or $315/sf. The asset was sold by a joint venture between Stos Partners and Long Wharf Capital, who acquired t...
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