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• San Diego’s Art Union Building Purchased by Owner of the San Diego Reader
7/31/12
Holman Family Trust, owner of the San Diego Reader, has purchased the Art Union Building, a 17.3k sf office property in San Diego, for $1.96 mil ($113/sf). The building is located at 2323 Broadway, just east of the I-5 and no...
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• Otay Mesa Retail Buy Looks Like a Positive Investment
7/24/12
Positive Investments Inc paid $2.75 mil for Otay Crossroads, a 29.8k sf retail center located at 2445-2455 Otay Center Dr, at the intersection of Hwy 905 and Siempre Viva Rd in Otay Mesa. The property sold after being on the ...
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• Coast Income Properties Purchases San Diego Medical Office Building for $9.7 Mil
7/20/12
Coast Income Properties Inc has purchased the Lewis Medical property, a 22.5k sf medical office building located at 330 Lewis St, north of Washington St and west of Hwy 163 in San Diego’s Hillcrest area. The building, which i...
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• CapRock Partners Picks Up Two San Diego Industrial Buildings
7/17/12
Irvine-based CapRock Partners has acquired two industrial buildings comprising a total of 36.8k sf in San Diego in an all-cash transaction through an auction process at a courthouse in San Diego County. Terms of the acquisiti...
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• Trigild’s William Hoffman Appointed Liquidating Trustee for SCI Entities
7/17/12
William J. Hoffman, the chief executive officer of San Diego-based Trigild Inc, has been appointed liquidating trustee over the bankruptcy of Secured California Investments Inc (SCI) and SCI Real Estate Investments LLC, two r...
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• San Diego’s Office and Industrial Markets Showing Signs of Recovery
7/12/12
San Diego’s industrial and office markets demonstrated strong signs of recovery during the second quarter of 2012, according to a Second Quarter Market Report from Voit Real Estate Services. Office vacancy dipped to 14.24 pe...
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• KBS REIT II Realizes $24.8 Mil Gain from Sale of Notes on La Jolla Office Property
7/12/12
KBS Real Estate Investment Trust II (KBS REIT II), a non-traded real estate investment trust based in Newport Beach, recently completed the sale of an A-Note and B-Note collateralized by The Northern Trust Building in La Joll...
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• Investor Purchases 27k sf Office Building in Mission Valley
7/09/12
A 26.7k sf single-tenant office building in San Diego’s Mission Valley submarket sold for $6 mil ($225/sf). The building is located at 1843 Hotel Circle So, east of I-5 and adjacent to the south side of I-8.
The three-story ...
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• Chula Vista Medical Office Property Trades for Almost $25 Mil
7/05/12
In a notable sale from about a month or so ago in Chula Vista, Centre Medical Plaza, a 74.9k sf medical office park, sold for $24.6 mil ($328/sf). Built in two phases in 1995 and 2001 on 3.74 acres, the property is located at...
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• Coast Income Properties True to Its Name
6/28/12
Coast Income Properties Inc closed on a large Carlsbad office buy, paying $29 mil for Pacific Ridge Corporate Centre, a two-building, 121.5k sf ($239/sf) project located at 5780 and 5790 Fleet St, east of I-5 and north of Pal...
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• BioMed Realty Trust Spends $20 Mil on 15.7 Acres in Sorrento Mesa
6/27/12
BioMed Realty Trust Inc purchased two San Diego-area parcels of land totaling approximately 15.7 gross acres for about $20 mil. BioMed entered into a long-term ground lease for the site, located at the intersection of Camino ...
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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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