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• 34k sf Otay Mesa Facility Sells in Owner/User Deal
10/09/12
In an owner/user acquisition from Otay Mesa, Baja Exporting has purchased building three at Britannia Industrial Park for $2.6 mil ($76/sf). The 34.3k sf building, located at 7625 Britannia Park Place, is part of a larger fiv...
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• HG Fenton Buys 600k sf National City Ind Portfolio
10/04/12
HG Fenton Company boosted its San Diego-area portfolio with the purchase of four National City industrial projects totaling 610k sf. The properties were acquired from Collins Development Corp for an undisclosed amount.
For S...
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• Lee & Associates Negotiates a Precision Deal in Oceanside
10/02/12
Precision One Ventures has purchased a 45k sf industrial property located at 3923 Oceanic Dr in Oceanside. The property had not been listed for sale at the time of the transaction.
Greg Pieratt and David Howard, principals ...
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• CP Kelco Renews 28k sf Kearny Mesa Building
9/26/12
CP Kelco has signed a five-year lease renewal valued at $2.2 mil for a stand-alone 27.6k sf office and R&D building in Kearny Mesa that is owned and managed by San Diego-based Westcore Properties. The company has occupied th...
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• New $34 Mil Waterfront Development Project Set to Break Ground in San Diego
9/21/12
Construction is set to get underway on the San Diego County Administration Center (CAC) Waterfront Park Development project, located along Pacific Coast Hwy between Ash and Grape streets in downtown San Diego. The $34 mil, wa...
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• County of San Diego Picks Up 752-Acre Property in Ramona
9/18/12
The County of San Diego has acquired Wildwood Ranch, a 752-acre property located at Mussey Grade Rd in Ramona for $6.55 mil. The property was sold by the Salvation Army.
David Santistevan and Gunder Greager, both Senior Vic...
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• Investor Nabs Fully Leased Chula Vista Industrial Building
9/14/12
A 77.2k sf manufacturing building in Chula Vista traded hands in a deal worth $3.16 mil ($41/sf). Located at 505 Main St, just east of I-805, the building is 100 percent leased to Nypro Inc.
Built in 1985 on 3.62 acres, the ...
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• Investor Picks Up San Diego-Area Multifamily Complex
9/14/12
Bay Park Apartments, an 18-unit multifamily property in the Point Loma submarket of San Diego, sold for $2.66 mil ($148k/unit). Located at 1418-1434 Rosecrans St, the complex features a mix of 12 one-bedroom and six two-bedro...
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• Microbrewery Leases Kearny Mesa Space
9/11/12
Helm’s Brewing Company, a new locally-owned and operated microbrewery founded by four San Diego executives, will debut this fall within Cabrillo Commerce Center in Kearny Mesa after signing a lease for 3k sf of retail space.
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• LifeProof Leases 25k sf in Rancho Bernardo
9/06/12
Treefrog Development, dba LifeProof, has signed a lease for 25.6k sf of space in Avenue of Science Center, a three-building industrial flex project located on Avenue of Science in Rancho Bernardo. The property is owned by Ha...
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• Westcore Properties Secures $70 Mil in Financing on Recent Acquisitions
8/30/12
Westcore Properties secured $70 mil in permanent financing for four recently acquired assets located in Northern and Southern California. The properties total nearly 1 msf of space and are well-located infill assets that pro...
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• Scripps Ranch Office Property Goes from Vacant to Fully Leased in 18 Months
8/30/12
Cush Plaza Scripps Ranch, a 93.4k sf, Class A office building in San Diego’s Scripps Ranch submarket, is now 100 percent leased after 11 new tenant signings. These latest leases have a combined value of $16.6 mil.
Located at...
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• Three San Diego Parcels Acquired by BLOKHAUS Development
8/29/12
Three parcels totaling 35k sf in San Diego’s Banker’s Hill area traded hands at a combined price of $5 mil. The sites, located at 2604 5th Ave, 2642 5th Ave and 406 Maple St, include the historic Britt Scripps Inn, built in 1...
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• Zelman / Carltas Venture Lands $43 Mil Refi of Encinitas Power Center
8/29/12
A Zelman Development Company / Carltas Company joint venture has obtained a $43 mil refi loan on The Plaza at Encinitas Ranch, a 145.3k sf power retail center in Encinitas. The 13-year, fixed-rate loan was arranged by an HFF ...
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• Brookwood Financial Partners Completes $21.5 Mil Acquisition in Rancho Bernardo
8/24/12
Brookwood Financial Partners purchased Bernardo Executive Center, a three-building, 173.2k sf office property in Rancho Bernardo, for $21.55 mil ($124/sf). Located at 16835, 16855 and 16875 W. Bernardo Dr, south of Rancho Ber...
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• Investors Acquire La Mesa Condo/Apt Property
8/23/12
Lowell Street Condos, a 12-unit, 12.8k sf residential condo apartment building in La Mesa, was purchased by investors for $2.8 mil. The property is located at 4241 Lowell St, south of University Ave and east of Massachusetts ...
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• Westcore Properties Closes $46 Mil Bay Area Ind Buy
8/21/12
In its second major acquisition in less than a month, San Diego-based Westcore Properties has purchased Kato Industrial Park, a 673.2k sf property in Fremont, for $45.6 mil ($68/sf). The purchase follows Westcore’s $9.5 mil a...
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• Otay Mesa Development Site Sells for $3.8 Mil
8/20/12
JJB Silverhawk purchased 16.6 acres of finished commercial land in Otay Mesa for $3.8 mil. Located at the southeast corner of Otay Mesa Rd and Ailsa Ct, the lot is currently entitled for 335k sf of warehouse/manufacturing spa...
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• Scott Sweeney Launches Real Estate Advisory Firm
8/14/12
Veteran industry exec Scott Sweeney, CCIM, CPM, has launched Property Income Advisors Inc, a real estate advisory firm focused exclusively on assisting non-U.S. clients in the investment and management of United States commer...
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• Cypress Office Properties Lands a Very Energetic Tenant in Escondido
8/13/12
Oak Creek Energy Systems Inc leased 7.5k sf of office space at La Terraza Corporate Plaza, a 78.5k sf building located at 500 La Terraza Blvd in Escondido. The seven-year lease is worth about $1.44 mil, or $2.29/sf/mo.
Buil...
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