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December 3, 2023
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• Trio of Carlsbad Retail Properties Fetch $23.5 Mil
Three retail properties in Carlsbad -- King’s Fish House, P.F. Chang’s and BJ’s Restaurant – sold to separate buyers in deals totaling $23.525 mil. The properties, all located along Paseo Del Norte, were sold by California-ba...
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• Work Started on Renovation of Downtown San Diego Office Tower
Alaska Permanent Fund Corporation (APFC) has started construction on the $13.4 mil renovation of Five50West, a 20-story, 362.8k sf office building located at 550 West C Street in downtown San Diego. A San Diego landmark and s...
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• Medical Office Building in Encinitas Goes for $673/sf
A two-story, 10k sf multi-tenant medical office building in Encinitas sold for $6.735 mil ($673/sf). The property, located at 1011 Devonshire Dr, was acquired by 1011 Devonshire LLC. The property was approximately 89% leased...
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• BKM Capital Partners Buys 130k sf Industrial Park in Carlsbad
BKM Capital Partners has acquired Commerce Carlsbad, an eight-building, 129.9k sf multi-tenant industrial park in Carlsbad. The project will be renamed “Pacific Coast Industrial Center” as part of BKM’s signature capital impr...
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• AMK Auto Group Buys Otay Mesa Industrial Site
AMK Auto Group paid $5.84 mil for a 2.9-acre industrial yard property in Otay Mesa. The property is located at 7680 Paseo De La Fuente, east of State Route (SR) 11 and SR 125 with direct access to the new Otay Mesa II Port of...
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• McCarthy Building Companies Leases 30k sf Office Space in Carmel Valley
McCarthy Building Companies signed a lease for 30k sf of office space at One Paseo, a newly developed 23.6-acre mixed use campus located at 12830 El Camino Real in San Diego’s Carmel Valley submarket. Terms of the lease were ...
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• Meriwether Companies Acquires Morgan Run Club & Resort in Rancho Santa Fe
Meriwether Companies has acquired Morgan Run Club & Resort in Rancho Santa Fe, one of Southern California's most affluent communities. The resort, formerly known as Whispering Palms, is located at 5690 Cancha De Golf. A pric...
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• San Diego Apartment Building Sells for $200k/Unit
The Bella Affordable Housing Foundation of Rancho Santa Fe purchased a 13-unit multifamily property in San Diego for $2.6 mil ($200k/unit). The property, located at 4230 44th St, was sold by the Lewis-Stein Trust of La Mesa. ...
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• Logistics Firm Purchases 36k sf Facility in Otay Mesa
ATI, a cross-border logistics company, paid $9.4 mil for a 36.5k sf ($257/sf) industrial property in Otay Mesa. The property is located at 1207 Air Wing Rd, north of Hwy 905 adjacent to the west side of Hwy 125. The building...
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• Andy La Dow Named Managing Principal for Cushman & Wakefield’s San Diego Operations
Andy La Dow has been named Managing Principal of operations for Cushman & Wakefield in San Diego. La Dow brings over three decades of brokerage and leadership experience to the role and will oversee the strategic business gro...
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• San Diego Area Multi-Tenant Automotive Property Sells for Nearly $300/sf
Miramar Auto Center, 34k sf, multi-tenant automotive/industrial center in San Diego, traded for $9.9 mil ($291/sf). The property encompasses two separate parcels totaling over two acres of land on a corner lot. Located at 66...
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• Milan Capital Lands $12 Mil Refi on Oceanside Retail Center
Milan Capital Management has obtained a $12.05 mil refi loan on Mission Promenade, a 105.7k sf, dual grocery-anchored shopping center in Oceanside. Built in 1972 and renovated in 1999, Mission Promenade is currently 97% occu...
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• Owner/User Picks Up 22k sf Office Building in Scripps Ranch
A 22.5k sf office building in San Diego's Scripps Ranch submarket was acquired by the Barron Team and CAPRO Network Financials, who intend to occupy the building for their use. Built in 1984, the two-story building is located...
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• Construction of $400 Mil Downtown San Diego Mixed-Use Project Tops Out
Holland Partner Group, North America Sekisui House and Lowe announced today that they have reached the topping out phase in the development of West, a $400 mil, 37-story mixed-use project located at 1011 Union St in downtown ...
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• Cabrillo Credit Union Picks Up 20k sf Office Building in Kearny Mesa
Cabrillo Credit Union paid $7.89 mil for a 20k sf ($394/sf) office building in Kearny Mesa. The building is located at 3710 Ruffin Rd, west of I-15 and north of Aero Dr. The two-story building features solar panels, open cei...
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• DivcoWest Buys 72k sf Life Science Building in Torrey Pines
DivcoWest has purchased a fully leased, 72.5k sf Class A life science building in the heart of the Torrey Pines research cluster. The property is located at 11119 N. Torrey Pines Rd, just west of the confluence of I-5 and I-8...
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• El Cajon Apartment Building Trades for $262k/Unit
A 22-unit apartment building in El Cajon traded hands in a recent $5.775 mil ($262.5k/unit) transaction. Built in 1986, the property is located at 299 Wisconsin Ave, south of I-8 and west of Magnolia Ave in the city’s downtow...
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• San Diego CVS Pharmacy Sells for $5.8 Mil
A 17k sf, freestanding CVS Pharmacy in San Diego sold for $5.8 mil ($341/sf). The building sits on a 2.59-acre parcel located at 14589 Camino Del Norte, at the intersection with Carmel Mountain Rd. Adam Friedlander with Beta...
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• Bridge Development Breaks Ground on Senior Housing Project in San Diego’s Little Italy Neighborhood
Bridge Housing has started work on Kettner Crossing, 64-unit senior housing complex in downtown San Diego’s Little Italy neighborhood. The project is expected to reach completion by early 2025 and will serve low-income ...
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• Coronado Plaza Sells for $955/sf
Coronado Plaza, a 41.9k sf mixed-use property in Coronado, sold for $40 mil ($955/sf). The property is located at 1300 – 1330 Orange Ave, steps from the water. The property is directly across R.H. Dana Place from the Hotel D...
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