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• San Diego-Based Discovery Property Group Becomes an Affiliate of SPERRY
8/26/24
Discovery Property Group Inc, out of San Diego, is joining real estate services firm SPERRY as an affiliate under the name Sperry-Discovery Commercial. Led by co-founders and brothers Mark Powell and Frank Powell, Sperry-Disc...
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• Turner Healthcare Facilities Funds Lands $35 Mil in Financing for Two SoCal Assets
8/22/24
Turner Healthcare Facilities Funds has obtained $35.83 mil in financing in separate transactions for two SoCal properties. The properties are 1650 Adams Ave, a 12.4k sf medical property in Costa Mesa, and 480 4th Ave., a 64,....
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• Foxx Development Doubles Its Space at Otay Mesa Biz Park with New Lease for 50k sf
8/22/24
Foxx Development Inc signed an expansion lease for an additional 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Foxx Development is an Irvine-based company whic...
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• Chula Vista Retail Property Sells for Over $400/sf
8/20/24
Palomar Heritage LLC recently wrapped up a San Diego area retail buy, paying $14.7 mil for Heritage Towne Center, a 36.2k sf ($406/sf) center in Chula Vista. The property is located at 1392-1394 E Palomar St, east of I-805 an...
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• Escondido Industrial Outdoor Storage Asset Gets New Owner in $3.75 Mil Deal
8/20/24
Steel Peak has acquired an industrial outdoor storage (IOS) property in Escondido for $3.75 mil. The property, located at 2213 Meyers Ave, features an 8k sf industrial building and large secured fenced yard on 1.69 acres.
T...
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• Otay Mesa Build-to-Suit Industrial Building Acquired by Owner/User in $11.4 Mil Deal
8/16/24
San Diego-based EZ Fit Movers LLC paid $11.4 mil for a 44.3k sf industrial building in Otay Mesa. The property was sold by a local development company that completed construction of the building during the second quarter of 2...
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• San Diego Area Industrial Property Goes for $282/sf
8/15/24
A two-building, 60.9k sf industrial property in San Diego sold for $17.15 mil ($282/sf). The multi-tenant asset covers 3.66 acres at 8250-8260 Camino Santa Fe in the city’s western Miramar Area.
Built in the late 1980s, the...
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• Vista Multifamily Property Fetches $239/sf
8/15/24
Pine View Apartments, a 59-unit multifamily property in the North San Diego County city of Vista, sold for $14.1 mil ($239/sf). Built in multiple phases between 1964 and 1973, the same family has held ownership of the complex...
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• Two San Diego Development-Ready Sites Trades in Deals Totaling $3.3 Mil
8/07/24
We’ve learned of two permit-ready land development sales in San Diego’s Barrio Logan and North Park urban neighborhoods to share with you. In one deal, a 4.9k sf lot at 1950 Kearney Ave in Barrio Logan traded for $1.35 mil. T...
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• Innovative Housing Opportunities and C&C Development Wrap Up Work on Carlsbad Affordable Housing Community
7/29/24
SoCal-based affordable housing developers Innovative Housing Opportunities (IHO) and C&C Development (C&C) have completed Pacific Wind, a new 89-unit affordable housing community that replaced 22 1950s era duplexes in the cit...
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• $270 Mil SoCal Hotel Project Tops Out
7/29/24
Construction of Jamul Hotel, a $270 mil hospitality project accompanying the Jamul Casino in San Diego County, has just topped out with the final beam placement. The development is being built by C.W. Driver Companies. The de...
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• New $500 Mil San Diego Mixed-Use Development Signs Two New Office Tenants
7/25/24
There have been two new office leases totaling 26k sf of space to report at West, the recently completed, 37-story mixed-use project located at 1011 Union Street in downtown San Diego. The deals include a 17k sf lease with H...
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• Charter Communications Extends 134k sf San Diego Area Lease for the Second Time
7/25/24
Charter Communications has extended its lease for its 134k sf flex / corporate HQ facility at the Pacific Corporate Center in San Diego’s Sorrento Mesa submarket. The property is owned by Lincoln Property Company.
Located at...
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• Foxx Development Leases 50k sf of Industrial Space in Otay Mesa
7/24/24
Irvine-based Foxx Development Inc has leased 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Terms of the deal were not disclosed.
Foxx Development delivers end...
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• El Cajon Retail Property Sells for $1,662/sf
7/23/24
In a retail sales comp out of San Diego County, a 3.4k sf, freestanding building in El Cajon was purchased by a private investor in a recent $5.65 mil ($1,662/sf) transaction.
The building is located at 706 Fletcher Pkwy, w...
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• JRK Property Holdings Buys 394-Room Hilton La Jolla Torrey Pines Hotel in $165 Mil Deal
7/19/24
JRK Property Holdings has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla from Braemar Hotels & Resorts for $165 mil. JRK made the purchase through its through its $350 mil Hospitality Fund.
The resort sits on...
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• Oceanside Shopping Center Traded in $56 Mil Deal
7/19/24
Marketplace del Rio, a 183.3k sf, high-quality neighborhood shopping center in Oceanside, was acquired by a nigh-net-worth investor in a $56.6 mil ($309/sf) transaction. The Stater Bros.-anchored center is situated on over 2...
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• Avis Budget Leases 91k sf Facility in National City
7/18/24
Avis Budget Car Rental LLC has leased a 91.5k sf industrial building in National City and is scheduled to take occupancy on August 1. Terms of the deal were not disclosed.
Situated on over 12 acres at 901 Bay Marina Dr, the...
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• New 114k sf Academic Facility Completed at University of California, San Diego
7/18/24
Work has been completed on a new nine-story, 114k sf state-of-the-art academic facility prominently located at the corner of La Jolla Village Drive and Villa La Jolla Drive in San Diego. The new building sits directly across ...
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• Gelt Venture Partners Closes $53 Mil Multifamily Buy in Vista
7/18/24
Gelt Venture Partners LLC (GVP) has acquired Rancho Hills Apartments, a 148-unit multifamily property in Vista, for $53.5 mil, or $361.5k/unit. Built in 1986, the property is located at 856 Heatherwood Lane, southwest of Hwy ...
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