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• Newmark Realty Capital Arranges $244 Mil on GSA-Leased Project in San Diego
11/23/11
In one of the bigger CA financing deals we’ve seen in some time, Newmark Realty Capital Inc has arranged $244 mil in financing on a 248.9k sf Class A office complex leased by the US government in San Diego. The financing cons...
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• Borrower Locks in Fixed Rate of 3.95% for Oceanside Apt Refi
11/18/11
In a recent multifamily refinancing deal from Oceanside, HFF arranged a $14.85 mil refi for Village View, a 114-unit, garden-style multi-housing community located at 3634 College Blvd, about four miles from the coast. The pr...
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• Cypress Office Properties Acquires 78k sf Escondido Property
11/15/11
In a recent Escondido office buy, San Diego-based Cypress Office Properties LLC has acquired a 78.4k sf, Class A, office building located at 500 La Terraza Blvd. The three-story building was constructed in 2008 and was 38 pe...
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• Inglewood Apartment Complex Sells for $121k/Unit while San Diego Property Goes for $130k/Unit
11/14/11
A 36-unit apartment community in Inglewood traded hands at a price of $4.35 mil ($120.8k/unit). Located at 524 Venice Way, the property is situated in Northwest Inglewood near La Cienega Blvd and Centinela Ave.
The building...
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• Trigild to Handle Management of 159k sf Office Complex in San Diego’s UTC
11/11/11
San Diego-based Trigild Inc will assume day-to-day management Genesee Executive Plaza, a 159k sf office complex comprised of two, three-story class “A” office/medical buildings. The property is located at 9333 and 9339 Genese...
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• Wasatch Commercial Spends $62 Mil on Carlsbad Office Portfolio
11/10/11
In the latest indicator that investors are starting to feel more confident that many office markets may have reached bottom, Wasatch Commercial Management has purchased six Class A office buildings totaling nearly 320k sf in ...
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• Owner/User Buys San Diego Industrial Property
11/04/11
An 8.7k sf industrial property located at 9930 Mesa Rim Rd, south of Mira Mesa Blvd and west of Camino Santa Fe in San Diego, traded in a recent deal valued at $1.335 mil ($153/sf). The facility, which has undergone more tha...
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• IDS Purchases 400k sf Industrial Asset in Kearny Mesa
11/04/11
IDS Real Estate Group just closed on a large San Diego-area buy, having acquired a 411.2k sf industrial/warehouse building in the city’s Kearny Mesa area. Located on 19 acres at 4000 Ruffin Rd, the Class B, multi-tenant facil...
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• San Diego Seniors Housing Complex Earns LEED Silver Certification
11/03/11
Courtyard Terraces, an 88-unit, $24.5 mil affordable housing complex for senior citizens in the City Heights neighborhood of San Diego, has earned Leadership in Energy and Environmental Design Silver Certification by the U.S....
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• SoCal Multifamily Comps
11/01/11
A 16-unit apartment property located in Whittier sold for $2.13 mil, or $133k/unit. Located at 7630 Milton Ave, the property offers a unit mix of 13 two-bedroom/one-bathroom units and three three-bedroom/two-bathroom units.
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• MG Properties Group Closes $11.8 Mil Mixed-Use Buy in Oceanside
10/18/11
San Diego-based MG Properties Group (MGPG) purchased Ocean Village, a 63k sf mixed-use residential and retail property in downtown Oceanside, for $11.75 mil ($187/sf). Completed in 2009, the property is located at 401 N. Coas...
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• Marcus & Millichap’s San Diego Metro Area Third Quarter 2011 Office Report
10/17/11
Renewed employment growth has yet to translate into meaningful occupancy gains for the San Diego office market this year, as businesses are first backfilling under-utilized space before considering expansion, an occurrence li...
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• Voit’s 3rd Quarter San Diego Office and Industrial Report
10/14/11
The following is Voit Real Estate Services' 2011 third quarter report for industrial and office space in San Diego
In the third quarter of 2011, San Diego’s office market posted 468,008 square feet of positive net absorptio...
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• Poway In-N-Out Burger Goes for $850/sf
10/13/11
A 3.5k sf In-N-Out Burger restaurant in the southern San Diego-area city of Poway sold for $3 mil ($857/sf). The property is ground-leased to In-N-Out Burger on a 20-year NNN ground lease with over 19 years remaining on the i...
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• Colorado-Based Salon/Spa Chain Opens Signs for Three SoCal Locations
10/11/11
Phenix Salon Suites, a Colorado Springs, CO-based salon/spa chain, recently inked three SoCal leases in deals worth a combined $2.8 mil. The leases are in Los Angeles, Orange and San Diego Counties.
“Phenix’s unique individ...
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• Solana Beach Coastal Site Becomes an American Asset
10/10/11
American Assets Trust picked up 1.76 acres of coastal land in Solana Beach for $6.85 mil in an off-market transaction. The property, located at 329 & 343 S. Highway and 101/120 & 128 Dahlia Dr, was sold by Maganda Corporation...
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• Pathfinder Partners Closes Third Phoenix-Area Res Buy Since July
10/10/11
San Diego-based Pathfinder Partners LLC has purchased the unsold units at Barolo Place, a high-end condominium project in Scottsdale, AZ from Zaremba Group LLC, the original developer. The property, consisting of eight two-st...
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• Pharmaceutical Firm Signs First Lease at New Torrey Pines Office/Lab Project
10/05/11
Ligand Pharmaceuticals has leased 16.4k sf of space at Arenisca, a 72.4k sf, three-story, Class A laboratory and office project currently under construction in Torrey Pines. The 84-month transaction is worth $3.9 mil ($2.83/s...
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• Construction Gets Underway on $35 Mil “Net Zero Energy” Biological Lab in La Jolla
9/29/11
Construction has begun on the J. Craig Venter Institute, a new 45k sf laboratory facility in La Jolla. The project, being built by McCarthy Building Companies, is located at 4120 Torrey Pines Rd, within the University of Cali...
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• Terramar Picks Up Encinitas Neighborhood Retail Center
9/29/11
Terramar Retail Centers LLC has acquired Encinitas Village, a 183.7k sf neighborhood retail center in Encinitas. The center, located in the heart of the El Camino Real retail corridor at the intersection of El Camino Real an...
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