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• Sequenom Takes 46k sf of Torrey Pines Lab Space
2/15/12
Sequenom Inc signed a lease for 46k sf of lab space at 3565 General Atomics Ct in Torrey Pines. Sequenom required expansion space for manufacturing and R&D immediately adjacent to its existing facility located at 3595 John Ho...
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• Carmel Partners Acquires 9-Acre Development Site in San Diego
2/14/12
CPIII CentrePoint LLC, an entity of Carmel Partners, has purchased the 8.93-acre parcel located at 6303 El Cajon Blvd in San Diego for $14 mil. The property is entitled for 312 res units with 4k sf of ground floor commercial ...
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• Health Science University Leases 19k sf of Office/Lab Space in Sorrento Valley
2/03/12
Bastyr University has signed a 10-year lease valued at $3 mil for office/lab space in Sorrento Valley. The University inked a deal for 19.3k sf at 4106 Sorrento Valley Blvd in the Sorrento Pines Business Park.
Brian Starck a...
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• Pathfinder Picks Up Two Denver Properties
2/03/12
San Diego-based Pathfinder Partners LLC has boosted it Denver portfolio with two recent acquisitions. One of the purchases was the Grant Street Mansion, a 23k sf, historic office building located near Capitol Hill at 1115 Gra...
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• Santee Walgreens Sells for $8.7 Mil
1/31/12
A 14.8k sf Walgreens in the San Diego County city of Santee sold for $8.7 mil ($588/sf) in a recent all-cash sale. The building was constructed in 2009 and is located at 10512 Mission Gorge Rd, just west of Magnolia Ave the ...
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• Owner/User Picks Up Rancho Bernardo Facility
1/27/12
A 12.3k sf, Class B office building in San Diego’s Rancho Bernardo area sold for $2.375 mil ($193/sf). The two-story property, located at 11610 Iberia Place, just east of I-15, was built in 1980 and has since undergone extens...
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• 260-Unit San Diego State Student Housing Complex Lands $56 Mil Refi
1/27/12
AIG Global Real Estate Investment Corp has obtained $56 mil in refi money for Sterling Collwood, a 260-unit, Class AA student housing community near San Diego State University (SDSU) in San Diego. HFF placed the seven- year, ...
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• Cassidy Turley BRE Commercial Awarded 700k sf Office Management Assignment
1/26/12
Newport National Corporation has selected Cassidy Turley BRE Commercial to manage the company’s 700k sf office portfolio in North County. The portfolio is comprised of nine buildings in five projects, including: The Campus, V...
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• Bixby Spends Another $16 Mil in San Diego County
1/25/12
Bixby Land Company has purchased the majority of Palomar Oaks Technology Park, a seven-building R&D/office campus in Carlsbad. Bixby acquired six of the buildings, totaling 170.9k sf of space, for $15.8 mil ($92.50/sf). They ...
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• 420-Unit Murrieta Apartment Community Purchased with $32 Mil in Fannie Mae Financing
1/25/12
A large San Diego multifamily asset was just purchased with a new acquisition loan at 64% loan-to-value. The property was Waterstone at Murrieta, a 420-unit, garden-style apartment community in the Riverside County community ...
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• Cruzan / Monroe Closes $34 Mil Del Mar Heights Office Buy
1/24/12
Cruzan│Monroe, a San Diego-based diversified commercial real estate firm, has purchased Plaza Del Mar, a 117k sf office campus in Del Mar Heights, a San Diego submarket. The property, located at 12520 and 12526 High Blu...
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• Westcore Properties Secures $289 Mil in Financing to Close Out 2011
1/20/12
San Diego-based Westcore Properties closed out 2011 by securing $288.8 mil in financing for the acquisition of 2.4 msf of industrial space in California and Hawaii along with the repositioning of a 1.2 msf Denver office portf...
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• Hines Inks Long-Term Lease for New 415k sf Tower at Its La Jolla Commons Campus
1/19/12
Hines has recapitalized its 12.3-acre premier mixed-use La Jolla Commons campus in San Diego's University Towne Centre (UTC) area. In addition to the recapitalization, Hines executed a 15-year lease for a new 415k sf office b...
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• Construction Industry Pros Form New Res Development Firm
1/17/12
Ronnie Morgan, Louis Kuntz and Ric Shwisberg, construction industry veterans from The Morgan Group Inc (MGI), have joined forces to launch a new apartment development company, MKS residential LLC. The three principals have mo...
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• Vista Apartment Property Sells for Over $6 Mil
1/16/12
In an end of year San Diego-area multifamily buy, an LA-based investment entity purchased Emerald Vista, a 49-unit property located at 240 & 246 North Emerald Dr in Vista. The community sold for $6.05 mil, or about $123.5k/un...
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• 75k sf Del Mar Retail Center Expansion Gets Underway
1/13/12
Construction work has begun on a 75k sf expansion of Flower Hill Promenade in Del Mar. Originally built in 1977, the 14-acre center contains 42 specialty shops and restaurants. It’s located at 2720 Via De La Valle, just east ...
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• 368-Unit San Diego-Area Multifamily Asset Acquired in 1031 Exchange Buy
1/12/12
An LA-based investment firm completed a large 1031 exchange requirement with the purchase of Cabrillo Springs, a 369-unit urban infill multifamily asset in San Diego. The sales price of $70.9 mil equates to $192.1k/unit and a...
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• New Northgate Gonzalez Market to Be Part of Mercado del Barrio Project in San Diego
1/11/12
Aliso Viejo-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, has placed $10.45 mil of its New Markets Tax Credit (NMTC) allocation to develop a 36k sf, freestanding...
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• MG Closes San Marcos Multifamily Buy
1/06/12
In a sizable San Diego-area multifamily buy, locally based MG Properties Group purchased Barham Villas Apartments, a 168-unit multifamily property in San Marcos. The property was acquired from New York-based TGM Associates L....
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• San Diego Industrial Facility Trades for $100/sf
1/04/12
Canyon Terrace, a 28.4k sf industrial property located at 9170 - 9190 Camino Santa Fe, just north of Carroll Rd in San Diego, recently sold for $2.9 mil, or $102/sf. The single-story, flex building includes single and multi-t...
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