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• HCP Chooses CBRE
6/17/11
The San Diego office of Los Angeles-based CB Richard Ellis has won the leasing assignment for a 1.1 msf portfolio of class A, office and laboratory buildings owned by HCP, Inc. The HCP San Diego lab portfolio consists of 18 b...
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• Multifamily News Briefs
6/17/11
EL CAJON (SAN DIEGO COUNTY) - Lexington Gardens Apartments, an 41-unit apartment building, at 1371 E. Lexington Avenue in El Cajon has been purchased for $4,100,000, or $100,000 per unit. The seller, Mar Group (Lexington Ave....
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• Trigild Named Receiver for an Additional 1 msf of Space
6/17/11
Trigild, a San Diego-based distressed real estate, loan recovery and real estate specialist, has added 11 commercial office and industrial properties nationwide to its portfolio of distressed commercial real estate. As the co...
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• Investors Spend $5.8 Mil on San Diego Fractured Condo Project
6/15/11
In a recent San Diego-area residential sale, Playa Blanca Condominiums in the city’s South Bay area sold for $5.85 mil. The transaction consists of 35.1k sf of space, including 44 of the 161 total condominium units in the com...
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• 1031 Exchange Buyer Picks Up Vista Strip Center
6/13/11
Mar Vista Centre, a 15.6k sf strip center in Vista, sold for $2.19 mil ($140/sf). The property sits on 1.42 acres of land at 1275 South Santa Fe Ave, east of Hwy 78 and south of Monte Vista Dr.
The property consists of 20 su...
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• Cassidy Turley BRE Commercial Awarded Leasing/Management Contract for 273k sf Portfolio
6/03/11
Los Vallecitos Business Center is located at 800, 810, 830 Los Vallecitos Blvd and 125, 135 and 145 Vallecitos De Oro in San Marcos. The project contains 151.4k sf of industrial, retail, office and flex space, as well as an o...
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• Investors Pick Up 13k sf San Diego Retail Property
5/31/11
A 13.3k sf retail property in San Diego traded hands in a recent investment sale valued at $1.93 mil ($145/sf). The property, which sits on a 20k sf parcel at 1205 West Morena Blvd, north of I-8 and just east of I-5, was purc...
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• El Cajon Industrial Park Trades in San Diego Area Investment Buy
5/25/11
An affiliate of Westport Capital Partners LLC acquired Center Pointe Business Park, a multi-tenant industrial complex in El Cajon. The sale price was undisclosed.
Located at 1280, 1290, 1300 and 1400 North Johnson Ave and 7...
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• SoCal Multifamily Sales Update
5/17/11
SAN DIEGO (San Diego County) -- An 85-unit multi-family project located at 2015 Hancock Street in Old Town was purchased for $13 mil ($153k/unit) by an investment entity by the name of OM CP III Stella LLC. The property was o...
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• Voit Duo Brokers Pair of San Diego-Area Retail Deals
5/16/11
In recent retail activity from San Diego, investors acquired a 10.7k sf office building that they plan to use for a new retail redevelopment. The property is situated on 0.9 acres at 6035 University Ave, near the corner of Un...
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• Latitude Management Real Estate Investors Closes $12 Mil Loan in Old Town San Diego
5/16/11
Latitude Management Real Estate Investor Inc (Formerly Legg Mason Real Estate Investors – same acronym by the way) recently closed a $12.155 mil bridge loan to acquire the Holiday Inn Express located in Old Town San Diego. Th...
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• The Muller Company Hires Two to Accommodate Growth in San Diego
5/06/11
The Muller Company is enjoying continued success in San Diego County, where the firm now owns and/or manages a portfolio nearly 608k sf of office, retail and medical space. To accommodate their growth, the company has added t...
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• Calexico Apartment Property Sells for $51k/Unit
5/06/11
In a recent Calexico apartment buy, Robert and Patricia Martin paid $1.825 mil for a 36-unit ($51k/unit) complex located at 825 Andrade Ave, just a few short miles from the border in Calexico.
The 45.7k sf property feature...
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• Westcore Properties Affiliate Acquires Bank Branch Portfolio for $90 mil
5/06/11
San Diego-based Westcore Properties, through its affiliate, Radnor Holdings Company, has acquired a portfolio of 78 bank branches for $90 mil. The properties, purchased from CT Capital, are all long-term net leased to Charter...
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• Wasatch Commercial Management Acquires 75k sf Carlsbad Office Building
5/03/11
We’ve got a newsworthy office sale from northern San Diego County to report, as Wasatch Commercial Management from The Allen Group paid $13.7 mil for Kelly Corporate Center IV, a three-story, 75.2k sf ($182/sf) Class A buildi...
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• Sudberry Obtains $59 Mil in Construction and Mezz Money on Mission Valley Res Project
4/28/11
HFF has arranged a $59.5 mil construction and mezzanine loan for the Circa 37, a Class A, 306-unit multi-housing community in San Diego’s Mission Valley area. Circa 37 is part of the first phase of the Civita master-planned ...
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• Draftsmen & Craftsmen
4/21/11
McCarthy Building Companies has begun construction for the new 196k sf, five-story Health Sciences Biomedical Research Facility located on a 3.3-acre site within the School of Medicine campus at the University of California, ...
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• Draftsmen & Craftsmen
4/21/11
McCarthy Building Companies has begun construction for the new 196k sf, five-story Health Sciences Biomedical Research Facility located on a 3.3-acre site within the School of Medicine campus at the University of California, ...
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• San Diego Enjoys 5th Consecutive Quarter of Positive Net Absorption for Office and Industrial
4/12/11
For the past five consecutive quarters, San Diego’s office and industrial markets maintained positive net absorption, according to Chris Wood, Managing Director of Voit Real Estate Services’ San Diego office. The office marke...
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• New Kearny Mesa Office Buildings Earn LEED Gold Certification
4/08/11
The two 150k sf office buildings recently completed in the first phase of the County Operations Center and Annex redevelopment in Kearny Mesa have earned LEED Gold Certification by the U.S. Green Building Council. The four-s...
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