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George Smith Partners Adds Two Industry Leaders 6/27/11 Commercial real estate investment banking firm George Smith Partners has hired Bryan P. Shaffer as a Senior Vice President and Malcolm Davies as a Vice President, according to David Rifkind, Principal and Managing Director of...
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Absorption Trends Exemplify Retail Market’s Strengthening 6/23/11 Rising shopping volume and minimal construction activity will accelerate improvements in San Diego retail operations through 2011, after the market entered recovery ahead of expectations last year. San Diego was the only majo...
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New 58k SF Lease is Therapy for Sorrento Valley Landlord 6/23/11 Halozyme Therapeutics has signed two leases for a total of 58k sf in two buildings in Sorrento Valley at 11404 and 11408 Sorrento Valley Road and 11388 Sorrento Valley Road. At 11404-11408 Sorrento Valley Rd, the firm took 27...
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Capstone Advisors Picks Up 40k sf San Diego-Area Retail Property 6/22/11 Capstone Advisors purchased Mission Escondido Shopping Center, a 40.3k sf retail complex in Escondido, for $3.9 mil ($97/sf) from a subsidiary of Kennedy Wilson Properties. The San Diego-based company plans to use its asset m...
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Mountain Real Estate Capital and Davidson Communities Purchase San Diego Res Project 6/21/11 A joint venture of Mountain Real Estate Capital (MREC) and Davidson Communities LLC has acquired The Vintage at The Crosby development in San Diego. This represents the third acquisition made by the MREC/Davidson partnership ...
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Former Law School is Now Elementary in Old Town 6/20/11 Old Town Academy, a kindergarten through eighth grade charter school, has signed a 60-month lease valued at $2 million for the former Thomas Jefferson School of Law campus in Old Town.
Located at 2120 San Diego Avenue, the o...
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HCP Chooses CBRE 6/17/11 The San Diego office of Los Angeles-based CB Richard Ellis has won the leasing assignment for a 1.1 msf portfolio of class A, office and laboratory buildings owned by HCP, Inc. The HCP San Diego lab portfolio consists of 18 b...
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Multifamily News Briefs 6/17/11 EL CAJON (SAN DIEGO COUNTY) - Lexington Gardens Apartments, an 41-unit apartment building, at 1371 E. Lexington Avenue in El Cajon has been purchased for $4,100,000, or $100,000 per unit. The seller, Mar Group (Lexington Ave....
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Trigild Named Receiver for an Additional 1 msf of Space 6/17/11 Trigild, a San Diego-based distressed real estate, loan recovery and real estate specialist, has added 11 commercial office and industrial properties nationwide to its portfolio of distressed commercial real estate. As the co...
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Investors Spend $5.8 Mil on San Diego Fractured Condo Project 6/15/11 In a recent San Diego-area residential sale, Playa Blanca Condominiums in the city’s South Bay area sold for $5.85 mil. The transaction consists of 35.1k sf of space, including 44 of the 161 total condominium units in the com...
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1031 Exchange Buyer Picks Up Vista Strip Center 6/13/11 Mar Vista Centre, a 15.6k sf strip center in Vista, sold for $2.19 mil ($140/sf). The property sits on 1.42 acres of land at 1275 South Santa Fe Ave, east of Hwy 78 and south of Monte Vista Dr.
The property consists of 20 su...
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Cassidy Turley BRE Commercial Awarded Leasing/Management Contract for 273k sf Portfolio 6/03/11 Los Vallecitos Business Center is located at 800, 810, 830 Los Vallecitos Blvd and 125, 135 and 145 Vallecitos De Oro in San Marcos. The project contains 151.4k sf of industrial, retail, office and flex space, as well as an o...
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Investors Pick Up 13k sf San Diego Retail Property 5/31/11 A 13.3k sf retail property in San Diego traded hands in a recent investment sale valued at $1.93 mil ($145/sf). The property, which sits on a 20k sf parcel at 1205 West Morena Blvd, north of I-8 and just east of I-5, was purc...
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El Cajon Industrial Park Trades in San Diego Area Investment Buy 5/25/11 An affiliate of Westport Capital Partners LLC acquired Center Pointe Business Park, a multi-tenant industrial complex in El Cajon. The sale price was undisclosed.
Located at 1280, 1290, 1300 and 1400 North Johnson Ave and 7...
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SoCal Multifamily Sales Update 5/17/11 SAN DIEGO (San Diego County) -- An 85-unit multi-family project located at 2015 Hancock Street in Old Town was purchased for $13 mil ($153k/unit) by an investment entity by the name of OM CP III Stella LLC. The property was o...
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Voit Duo Brokers Pair of San Diego-Area Retail Deals 5/16/11 In recent retail activity from San Diego, investors acquired a 10.7k sf office building that they plan to use for a new retail redevelopment. The property is situated on 0.9 acres at 6035 University Ave, near the corner of Un...
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Latitude Management Real Estate Investors Closes $12 Mil Loan in Old Town San Diego 5/16/11 Latitude Management Real Estate Investor Inc (Formerly Legg Mason Real Estate Investors – same acronym by the way) recently closed a $12.155 mil bridge loan to acquire the Holiday Inn Express located in Old Town San Diego. Th...
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The Muller Company Hires Two to Accommodate Growth in San Diego 5/06/11 The Muller Company is enjoying continued success in San Diego County, where the firm now owns and/or manages a portfolio nearly 608k sf of office, retail and medical space. To accommodate their growth, the company has added t...
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Calexico Apartment Property Sells for $51k/Unit 5/06/11 In a recent Calexico apartment buy, Robert and Patricia Martin paid $1.825 mil for a 36-unit ($51k/unit) complex located at 825 Andrade Ave, just a few short miles from the border in Calexico.
The 45.7k sf property feature...
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Westcore Properties Affiliate Acquires Bank Branch Portfolio for $90 mil 5/06/11 San Diego-based Westcore Properties, through its affiliate, Radnor Holdings Company, has acquired a portfolio of 78 bank branches for $90 mil. The properties, purchased from CT Capital, are all long-term net leased to Charter...
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