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• 48-Unit San Diego-Area Apartment Property Sells for Over $4.5 Mil
6/26/12
A 48-unit apartment complex in Spring Valley sold for $4.66 mil, or about $97k/unit. The property contains 32.8k sf of space and is located at 8914-8926 Delrose Ave, south of Jamacha Rd and west of Sweetwater Rd, about 10 mil...
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• Private Investors Trade 127-Space Chula Vista Mobile Home Park
6/25/12
San Diego-based private investors have purchased Cabrillo Mobile Lodge, a 127-space senior mobile home park in Chula Vista, for $6.85 mil. The property is located on 6.36 acres at 731 G St, just a couple of blocks east of I-5...
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• Industrial Property Owner Locks Up a Very Safe Tenant
6/15/12
Brown Safe Manufacturing Inc leased 65k sf of industrial space in Vista in a 90-month, $3.44 mil ($0.59/sf/mo) transaction. Brown plans to use the property, located at 1081 Poinsettia Ave, north of San Marcos Blvd, as its cor...
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• NorthMarq Arranges $8.3 Mil on Trio of CA Office Properties
6/14/12
NorthMarq Capital arranged combined first mortgage refis of $8.3 mil on three CA office properties, in Half Moon Bay and San Diego, containing a combined total of 62k sf of office space. The transactions were:
• Shoreline Me...
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• Arbor E&T Inks 11k sf Office Lease in Oceanside
6/13/12
Arbor E&T, a leading provider of workforce development services, has signed a 69-month, $1.4 mil lease for 10.9k sf of office space in Oceanside. The space is within Oceanside Office Park, located at 1310 Union Plaza Ct, east...
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• National University Spends $5.5 Mil on Scripps Ranch Property
6/12/12
National University has purchased a 31.4k sf office building in Scripps Ranch for $5.6 mil ($178/sf). The property is located at 9980 Carroll Canyon Rd, north of Pomerado Rd and just east of I-15 at the intersection of Carrol...
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• San Diego Apartment Portfolio Sells for $9.3 Mil
6/07/12
HS Partners LLC purchased a portfolio of six apartment complexes totaling 51 units in the North Park and University Heights neighborhoods of San Diego for $9.33 mil ($183k/unit). The properties are located at 3946 Arizona St,...
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• Retail Briefs
6/06/12
CORONADO (San Diego County) -- Manna Development Company LLC has purchased a 4.3k sf retail building located at 980 Orange Ave in Coronado for $3.8 mil ($884/sf). Manna is the owner of Panera Bread Company, which has operate...
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• Draftsmen & Craftsmen
5/22/12
A recently completed $131 mil Bachelor Enlisted Quarters (BEQ) at Camp Pendleton has been named a 2012 Project of the Year by the American Public Works Association (APWA), San Diego/Imperial Chapter. The award was presented a...
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• 34k sf Office Expansion/Renewal Lease in Kearny Mesa is a Healthy Deal
5/22/12
Scripps Health has inked an expansion renewal lease at Lomas Pacific I in Kearny Mesa. Scripps Health, a private and nonprofit health system, extended its existing lease for 26k sf of office space at the building for an addit...
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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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