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• Bixby Land Company Establishes Industrial Fund
3/19/24
Bixby Land Company has established its Bixby Industrial Fund 1. The recapitalization portfolio consists of five industrial properties, two located in Mira Loma, CA, two in Phoenix, AZ and one in Atlanta, GA. Goldman Sachs Alt...
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• Hammer Ventures Pays $9.1 Mil for Sorrento Mesa R&D Building
3/18/24
A 19.6k sf R&D building in Sorrento Mesa traded in a $9.1 mil ($464/sf) deal. The property is located at 9560 Waples, east of I-805 on the south side of Mira Mesa Blvd, and was vacant at the time of sale.
The property was so...
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• Matt Carlson and Patrick Gildea Named Regional Leaders at CBRE Capital Markets
3/14/24
Matt Carlson and Patrick Gildea have been named regional leaders for CBRE’s Capital Markets national office platform. As Co-Heads of U.S. Office Capital Markets, Carlson will provide strategic oversight for the West region, w...
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• Drawbridge Realty Finishes Work on 80k sf Office/R&D Facility in San Diego’s Rancho Bernardo Submarket
3/13/24
Drawbridge Realty has completed construction on 16705 Via Del Campo Court, an 80.7k sf, three-story, Class A office/R&D property in San Diego’s Rancho Bernardo submarket. The project is the first speculative office building t...
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• Sorrento Mesa Industrial/Laboratory Building Sells for $540/sf
3/01/24
Biotest Inc paid $23 mil for a 42.5k sf ($541/sf) industrial/laboratory building in Sorrento Mesa. Biotest is a health care/life science company based in China that will use the property for product development and distributi...
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• Mixed-Use Project Nearing Completion in Lemon Grove
3/01/24
Construction on Kelvin, a 66-unit contemporary mixed-use community at 7950 Broadway in Lemon Grove, is nearing completion, bringing much needed housing to a rapidly growing San Diego County neighborhood.
Owned and developed...
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• BKM Capital Partners Closes $70 Mil San Diego Area Industrial Buy
2/29/24
BKM Capital Partners (BKM) has acquired Canyon Industrial Center, a 198.7k sf multi-tenant industrial park in Kearny Mesa, for $70.2 mil ($353/sf).
Situated at 9424-9560 Chesapeake Dr, Canyon Industrial Center contains 13 b...
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• Mixed-Use Building in San Diego’s East Village Offered at $8 Mil
2/20/24
Here’s news of an interesting mixed-use listing in downtown San Diego. The property is a four-story, 18.2k sf building with three floors of creative office space above a ground floor restaurant and brewery.
The building, con...
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• A Collaborative of San Diego Design Leaders Reinvigorates the Design Center, Introduces Futuro Space
2/13/24
At the renowned San Diego Design Center, a classic 15.3k sf mid-century modern multi-building office campus located at 3605 Fifth Ave in San Diego’s Hillcrest neighborhood, local design leaders are joining forces to reinvigor...
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• Commercial Real Estate Financing Briefs
2/08/24
GEORGE SMITH PARTNERS – Steve Bram, David Pascale, Allison Higgins and Nick Rogers with George Smith Partners arranged $15.4 mil in bridge financing for a medical office building in Tarzana that recently underwent a $5 mil+ r...
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• Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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• San Diego Flex Biz Park Sells for $45 Mil
2/05/24
Sorrento View Business Park, a seven-building, multi-tenant, Class A, mixed-use/flex business park in the central San Diego location of Sorrento Mesa, sold for $45 mil. The 139.3k sf ($323/sf) property is located at 5945-5965...
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• Work Finished on $2 Mil Renovation of Scripps Ranch Office Property
1/26/24
Sason has completed a $2 mil renovation and repositioning at Canvas on Willow, a three-story office building totaling 121.4k sf in San Diego’s Scripps Ranch submarket. The property has also secured four new leases totaling ne...
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• Single-Tenant Raising Cane’s in Imperial Beach Sells for $5.7 Mil
1/24/24
A NoCal-based family investment entity purchased a new construction, 2.4k sf single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Imperial Beach, CA in a $5.7 mil ($2,375/sf) off-market...
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• Overseas Investor Spends $8 Mil on Office Building in San Diego’s Rancho Bernardo Area
1/19/24
A 25.5k sf office building in San Diego’s Rancho Bernardo submarket traded for $8 mil, or $314/sf. The property is located within Tech Park at 17075 Camino San Bernardo. It was acquired by Dominguez Channel LLC, an overseas p...
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• Chestnut Properties lands $91 Mil in Construction Money for El Cajon Industrial Project
1/10/24
Chestnut Properties has obtained $91 mil construction money for the development of a modern, 386.3k sf spec industrial building in El Cajon. The project, Gillespie Field iPark, will be located at 1756 Weld Blvd and has a targ...
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• EQT Exeter Buys 202k sf Industrial Project in Chula Vista
1/10/24
EQT Exeter purchased Heritage Industrial Center, a three-building, 202.8k sf industrial project in Chula Vista. The project, covering 11.57 acres, was sold by Rockefeller Group.
The deal marks the second transaction between ...
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• San Diego Apartment Comp Works Out to $425k/Unit
1/02/24
In an end-of-year multifamily sales comp from a San Diego, a six-unit property in the city’s North Park neighborhood traded for $2.55 mil, or $425k/unit.
The 3.5k sf property is situated on a 9.4k sf lot located at 3687-369...
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• Strong Demand for Retail, Restaurant Space in San Diego County Predicted for 2024
12/18/23
Real estate services firm Urban Property Group (UPG) has provided its outlook on interesting trends for the San Diego commercial real estate market in 2023 and has offered insights for what CRE can expect in 2024.
In 2023,...
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• Family Health Centers Pays $525/sf for San Diego Building
12/15/23
Family Health Centers paid $11.025 mil for a 21k sf ($525/sf) commercial building in San Diego. The building sits on a site with flexible zoning for various uses.
Located at 4650 Mission Bay Dr, on the corner of Garnet Ave a...
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