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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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• Marcus & Millichap’s San Diego Metro Area Multifamily Report For 3Q 2011
9/27/11
The pace of San Diego’s post-recession apartment sector recovery continued to strengthen in the first half of 2011, as supply growth nearly stalled and employers boosted staff counts, trends that are supporting Southern Calif...
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• Former San Diego Twinkies Plant Acquired for Development Project
9/27/11
A 40k sf property with an interesting history in San Diego’s Barrio Logan area just traded hands. The property, located at 1955 Julian Ave, first served as a bakery plant for Interstate Brands Corporation (known for such pro...
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• Draftsmen & Craftsmen
9/23/11
The new 21k sf Ramona Library in the San Diego-area town of Ramona has been granted LEED Gold certification by the U.S. Green Building Council. The project, built by C.W. Driver, is the second-largest library in San Diego Cou...
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• Draftsmen & Craftsmen
9/21/11
The County of San Diego has awarded Balfour Beatty / Barnhart the first phase of a two-phase contract for design-build services to construct the new $221.5 mil San Diego County Women’s Detention Facility in Santee, CA. The j...
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• Pacific Beach Apartment Property Trades for Over $5.4 Mil
9/06/11
Grand Avenue, a 48-unit apartment community located at 2202-2242 Grand Ave in San Diego, sold for
$5.45 mil ($113.5k/unit). Located in the Pacific Beach area of San Diego, Grand Avenue includes eight one-bedroom and 40 two-b...
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• Rancho Bernardo Flex Building Sells for $2.6 Mil
9/01/11
A 24k sf industrial flex property in San Diego’s Rancho Bernardo submarket traded hands at a price of $2.6 mil ($108/sf). Situated on 5.3 acres, the building provides the buyer with an opportunity for future development.
Th...
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• HFF Places $29 Mil on Carlsbad Retail Center
8/30/11
Cornerstone Real Estate Advisors, on behalf of an institutional separate account investor, has obtained $29 mil in financing for Bressi Ranch Village Center, a 111.4k sf, dual grocery-anchored, trophy retail center in Carlsba...
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• Carmel Valley Retail Property Goes for Almost $460/sf
8/30/11
Torrey Corner Shopping Center, a 13.3k sf retail property in San Diego’s Carmel Valley submarket, recently traded hands at a price of $6.1 mil, or about $459/sf. Located at 11120 and 11130 East Ocean Air Dr, on the south side...
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• Westcore Spends $23 Mil on Central CA Distribution Facility
8/30/11
Westcore Properties keeps rolling along with yet another significant industrial acquisition. In their latest deal, the San Diego-based real estate firm purchased Stockton Center Pointe, a 508k sf, Class A warehouse/distributi...
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