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• Buyers Get Industrious in San Diego County
10/28/10
There is definitely some activity in the mid-sized industrial sales market. Here are half a dozen completed industrial sales over the past month throughout San Diego County.
Down near the Mexican border in Otay Mesa, Santa M...
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• Raintree Grows Two More Branches
10/26/10
Raintree Partners, a Laguna Niguel, CA-based real estate investment and development company, has acquired a two-property portfolio of San Diego County multifamily properties from a private individual for $65 mil. With these t...
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• San Diego Corp HQ Building Sells for $5.4 Mil
10/25/10
Cal Sorrento LTD paid $5.4 mil for a 39.9k sf ($135/sf) high-image corporate headquarters/flex/office building in San Diego’s Carmel Mountain Ranch area. Located at 15150 Avenue of Science, east of I-15 and south of Camino De...
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• Attention KMART Shoppers!
10/22/10
A 100k sf KMART in San Diego’s University Town Center area sold for $9.5 mil ($95/sf). Located at 5405 University Ave, south of El Cajon Blvd and east of 54th St, the property was purchased by EMA San Diego LLC.
Victor Kreb...
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• PriceSmart Renews Sorrento Mesa Office Space
10/20/10
PriceSmart Inc, the largest operator of membership warehouse clubs in Central America and the Caribbean, has signed a 65-month lease renewal for 34.9k sf of office space in Sorrento Mesa. The space is in CentreWest Plaza, a 1...
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• Molsoft Buys Sorrento Valley Office Condo
10/13/10
A 4.2k sf office condo at Venture Sorrento Office Park in Sorrento Valley sold for $970k ($231/sf). Located at 11199 Sorrento Valley Rd, just north of Sorrento Valley Blvd at the confluence of I-5 and I-805, the unit was purc...
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• San Diego Housing Commission Buys Courtyard Condos Mixed-Use Project
10/12/10
San Diego Housing Commission purchased Courtyard Condos, a 54k sf mixed-use project in San Diego’s mid-city area, for $7.2 mil. Located at 4395 El Cajon Blvd. east of I-15, Courtyard Condos contains 37 residential units over ...
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• Kennedy Wilson Acquires Majority Interest in Carlsbad Office Complex
10/07/10
Beverly Hills-based Kennedy Wilson has acquired a majority interest in One Carlsbad Research Center, two suburban office buildings totaling 98.9k sf in Carlsbad. As part of the transaction, Kennedy Wilson recapitalized the pr...
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• Flurry of Recent Deals Brings Sorrento Mesa Office Building to 90% Leased
10/04/10
The Courtyard office building in San Diego’s Sorrento Mesa area stands at 90% leased after having signed five leases, totaling $2.045 mil, over the last four months. Located at 6480 Weathers Place, west of Camino Santa Fe and...
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• BioMed Realty Trust Closes on another Big San Diego Office Buy
9/29/10
BioMed Realty Trust has just closed on another San Diego-area life science office buy, having paid $17.75 mil for a 49.3k sf ($360/sf) Class A office building in the Torrey Pines submarket. Located at 10240 Science Center Dr,...
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• Mountain Real Estate Capital and Davidson Communities Acquire San Diego Housing Project from B of A
9/27/10
Mountain Real Estate Capital (MREC) and Davidson Communities have teamed up in a joint venture purchase of The Sentinels at Del Sur subdivision in San Diego. The project, which consists of 17 substantially finished lots and f...
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• Vista Office/Warehouse Facility Listed for $25 Mil
9/27/10
A 202k sf office/warehouse building in Vista that is currently the corporate HQ for DEI Holdings has been listed for sale. The property, located at 1 Viper Way, east of Sycamore Ave and west of the 78 Fwy, is being offered at...
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• GSP Arranges $22 Mil in Perm/Construction Money on San Diego Res Project
9/22/10
George Smith Partners has arranged a $22.4 mil permanent construction loan on Marquis One, the first phase of Oakwood Development’s Marquis Apartment Community in San Diego’s Otay Ranch master-planned community.
The new loan...
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• Biomed Closes $63 Mil Office Buy in San Diego’s UTC Area
9/21/10
Biomed Realty Trust closed on a large San Diego office buy, having paid $63.5 mil for a 125.2k sf ($507/sf) biomedical building in the UTC submarket. The four-story, marble-clad building is located at 4570 Executive Dr, just ...
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• La Jolla Multifamily Community Sells for $68 Mil
9/20/10
Trieste Apartment Villas, a 302-unit multifamily complex in the upscale San Diego-area community of La Jolla, sold for $68.2 mil, or around $226k/unit. Located at 3950 Mahaila Ave, the property was purchased by Orange County-...
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• New Building at San Diego Mesa College Receives LEED Gold Certification
9/20/10
The U.S. Green Building Council (USGBC) has awarded LEED Gold Certification of the new three-story, 50k sf Allied Health Education and Training Facility at San Diego Mesa College. The campus is located at 7250 Mesa College Dr...
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• San Diego Townhome Community Becomes a California Landmark
9/17/10
California Landmark Group (CLG) has purchased Serenata, a new, 45-unit townhome community in San Diego, for $10.15 mil ($225.5k/unit). Located at 6410 College Grove Dr, north of the 94 Fwy by Chollas Lake Park, the complex wa...
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• KBS Closes Its Second Northern San Diego Office Buy in 90 Days
9/15/10
KBS Real Estate Investment Trust II (KBS REIT II) just closed on its second office buy in north San Diego in less than 90 days, after acquiring Torrey Reserve West, an 118k sf office park in Del Mar Heights, 20 miles north of...
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• AMCAL a Finalist for Best Reuse of Land Award
9/14/10
AMCAL Multi-Housing Inc has been named a finalist for the Best Reuse of Land award for Los Vientos by Multifamily Executive. The annual Multifamily Executive awards honor the best in multifamily real estate across the United...
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• Kearny Venture Nabs San Diego-Area R&D Property in Short Sale
9/14/10
A joint venture of Los Angeles-based Kearny Real Estate Company and TriGate Capital of Dallas has acquired a vacant 74k sf flex/research and development building in San Diego’s Rancho Bernardo submarket. The property, locate...
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