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December 9, 2023
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• Tandem Diabetes Leases 182k sf in Del Mar Heights
Tandem Diabetes, an insulin delivery and diabetes technology company, has leased 182k sf of Class A office and lab space at Del Mar Corporate Centre campus in Del Mar Heights. This deal brings the building, owned by Kilroy Re...
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• Black Creek Group Acquires 494k sf Industrial Campus in Vista
Black Creek Group has purchased North County Corporate Center (NCCC), a five-building, 493.9k sf, institutional-quality industrial campus in Vista, for $147.5 mil ($299/sf). The property was sold by Barings, one of the world’...
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• Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
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• Multifamily Property in San Diego’s Bankers Hill Neighborhood Sells for $760k per Unit
A nine-unit multi-family project in San Diego’s Bankers Hill neighborhood sold for $6.85 mil ($761k/unit). The project is located at 2308 Albatross St, just a few blocks from Little Italy. It is comprised of all two-bedroom a...
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• Developer Buys Site in San Diego’s Hillcrest Neighborhood
A 1.08-acre residential development site in San Diego was purchased for $20.5 mil by SRM Hillcrest LLC, which plans to develop a brand new Class A multifamily apartment community on the property. Located at 770 Washington...
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• Elion Partners Buys 72k sf Carlsbad Facility from Rexford Industrial for $18.6 Mil
Newton Corporate Center, a 71.6k sf, multi-tenant, industrial/R&D building in Carlsbad, has sold in a transaction valued at $18.6 mil, or $260/sf. The facility sits on approximately 4.45 acres at 5803 Newton Dr, off Faraday A...
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• Sunrise Management Lands 23-Property Res Management Assignment
San Diego-based Sunrise Management has taken over day-to-day management of 23 San Diego County multifamily communities totaling 632 units. The apartment portfolio is owned by Positive Investments Inc of Arcadia. According t...
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• Carvana Buys Former Auto Dealership in Mission Valley
Arizona-based online car dealer Carvana has acquired the site of the former John Hine Mazda dealership in Mission Valley. Located at 1545 and 1551 Camino Del Rio South, the site had been occupied by John Hine Mazda since 1965...
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• Vertical Ventures Affiliate Pays Over $16 Mil for San Diego Area Biz Park
An affiliate of Vertical Ventures LLC has purchased San Marcos Plaza, a 160k sf flex property in San Marcos, for $16.3 mil ($102/sf) in an off-market transaction. Located at 330-340 Rancheros Dr, San Marcos Plaza is a multi-...
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• Recently Constructed Apartment Property in Chula Vista Obtains $14.1 Mil Fannie Mae Take-Out Loan
The Broadway, a 62-unit multifamily property in Chula Vista, was refinanced with a new loan for $14.1 mil. Aaron Beck with NorthMarq arranged the loan through Fannie Mae and NorthMarq’s DUS platform. The newly constructed pr...
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• Historic Building from 1894 in San Diego’s Gaslamp Quarter Fetches $7 Mil
A local private investor paid $7 mil for The Marston Building, a 41.3k sf office property in the Gaslamp Quarter of Downtown San Diego. Located at 427 C Street, the building was constructed in 1894 and was originally home to ...
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• Dunbar Residential Investments Closes $13.6 Mil Vista Res Buy
OC-based Dunbar Residential Investments LLC paid $13.6 mil for Sunset Cliffs Apartments, a 52-unit ($261.5k/unit) gated rental community in Vista. The property, comprised of a mix of single-story cottage and two-story townhom...
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• Invesco Real Estate and Baranof Holdings Buys San Diego County Self-Storage Property
Global real estate manager Invesco Real Estate, in partnership with Baranof Holdings, has purchased Solana Beach Storage, an 895-unit self-storage property in coastal San Diego County. The project is located in the high-end c...
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• New 90k sf Office/Retail Building Completes LeBeau Realty & Associates’ Twenty by Six Office Center in Downtown San Diego
Work has been completed on LeBeau Realty & Associates’ new 90k sf, office and retail building at 450 B St in downtown San Diego. Together with LeBeau’s existing 20-story tower located at 451 A St, the two buildings complete “...
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• MHA Group Nabs Mission Valley Res Property for $32.6 Mil
Canada-based MHA Group paid $32.6 mil for Fashion Terrace, a 73-unit ($446.6k/unit) boutique apartment community in San Diego’s Mission Valley area. The property was sold by an entity controlled by Silicon Valley-based Acacia...
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• Phase 3 Real Estate Partners Buys Sorrento Mesa Office/Flex Asset
Phase 3 Real Estate Partners purchased a vacant, two-story, 40.8k sf office/flex building in Sorrento Mesa. The building, sitting on 2.9 acres of land at 10170 Sorrento Valley Rd, is a good candidate for conversion or ground-...
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• Downtown San Diego Multifamily Sale Goes for $100k per Unit
A 78-unit multifamily property located in downtown San Diego’s East Village neighborhood sold for $7.8 mil ($100k/unit). The 32.8k sf historic property was constructed in 1869 and is located at 509 Park Blvd. Peter Scepanov...
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• Hometown America Buys 410 Manufactured Home Sites in California
Chicago-based Hometown America acquired two California manufactured home communities totaling 410 home sites. The properties, Diamond K Estates in Roseville and Carman Ranch MHC in San Diego, were sold by a SoCal-based family...
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• Sudberry Properties Wraps Up Work on Mixed-Use Project in San Diego’s Scripps Ranch Area
Sudberry Properties has completed framing and interior construction has commenced at The Hub at Scripps Ranch, a mixed-use redevelopment project at the gateway to Scripps Ranch in San Diego County. The Hub will feature 260 ap...
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• Buchanan Street Partners Spends $26 Mil on Chula Vista Self-Storage Facility
Buchanan Street Partners has acquired a newly-constructed three-story, 95k sf climate-controlled self-storage facility in Chula Vista for $26.4 mil ($278/sf) in an off-market transaction. The property, located at 3296 Heritag...
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