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• Pasadena Storefront Property Sells for $580/sf
8/23/21
A 5.6k sf, storefront retail property in Pasadena sold for $3.25 mil, or $580/sf. The buyer was Saber Vertex 980 Corporate Center Drive LLC.
The property is located at 34 E Holly St, in a highly sought after prime commercial...
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• Property West Residential Closes $110 Mil Res Buy in Oceanside
8/23/21
Property West Residential has purchased Capella at Rancho del Oro, a 284-unit multifamily asset in Oceanside, in a recent transaction worth $110 mil, which equates to $387.3k per unit. The property was sold by FPA Multifamily...
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• LPC West and Crow Holdings Capital Team Up in LoCal Development Land Buy
8/19/21
A joint venture between LPC West and a real estate fund advised by Crow Holdings Capital has acquired vacant land on Airway Rd, just north of the Otay Mesa Port of Entry at the U.S.-Mexico border in the Otay Mesa submarket of...
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• Mainstay Medical Takes 23k sf in Downtown San Diego
8/16/21
Mainstay Medical, a Dublin, Ireland-based medical device company, has signed a 23.1k sf lease in the Little Italy neighborhood of Downtown San Diego. Mainstay Medical will become the first biotech firm to relocate to Downtown...
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• San Diego Area Multifamily Comp Works Out to $212.5k/Unit
8/12/21
Northstar Homes LP bought Casa Jamacha Apartments, a 32-unit apartment complex located in Spring Valley, for $6.8 mil ($212.5k/unit). The 25.6k sf property is situated on a .94-acre lot at 8951 Jamacha Rd, north of Jamacha Bl...
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• The Bascom Group Pays $355k per Unit for La Mesa Multifamily Property
8/11/21
The Bascom Group LLC has acquired an 80-unit multifamily community in La Mesa, for $26.8 mil, or $355k per unit. The property, Echo Pointe Apartments, is located at 4300 Echo Ct, just northwest of the confluence of Hwys 94 an...
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• Los Angeles Investor Trades into 77k sf Carlsbad Industrial/R&D Asset
8/10/21
An L.A.-based 1031-exchange buyer paid $19.4 mil for a 76.8k sf ($253/sf) industrial/R&D property located at 1939, 1945 and 1949 Palomar Oaks Way in Carlsbad. The property is comprised of three buildings on a 6.9-acre lot.
...
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• DermTech Leases 96k sf of Class A Space in Del Mar Heights
8/06/21
DermTech Inc leased 96k sf of Class A space at the Del Mar Corporate Centre for its new corporate headquarters in Del Mar Heights. DermTech is a leader in precision dermatology enabled by a non-invasive skin genomics platform...
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• Carlsbad Medical Office Building Sells for $746/sf
8/05/21
A 6.3k sf, Class A medical office building in Carlsbad sold for $4.7 mil, or $746/sf, in a deal we’re told set a new price-per-square-foot high-water mark for medical/office buildings in North County San Diego in the 5k sf – ...
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• Chula Vista Flex Property Goes for $224/sf
8/05/21
A 38.4k sf, flex property in Chula Vista sold for $8.6 mil, or $224/sf. Located at 2371 Fenton St, the property was originally built in 2000 and renovated in 2007.
The building is part of Eastlake Master Planned Community a...
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• Oceanside Multifamily Property Purchased for $74 Mil
8/03/21
The Dylan, a 208-unit apartment complex in Oceanside, was sold for $74.1 mil, or $356.3k/unit. The property is located at 550 Los Arbolitos Blvd, close to Downtown Oceanside and the Oceanside Pier.
Built in 1973, The Dylan h...
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• CBRE Global Investors Buys Four-Property Self-Storage Portfolio
7/30/21
A fund sponsored by CBRE Global Investors has acquired a 296.3k sf self-storage property totaling four assets with a combined 3,746 units. The facilities are in Boulder, CO, Vista, CA, Bothell, WA and Lake Stevens, WA. The fu...
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• Imperial Beach Multifamily Sale Works Out to $256k/Unit
7/30/21
Playa Blanca Apartments, a 44-unit apartment property in Imperial Beach, in Southern San Diego County, has traded hands in an $11.3 mil ($256.8k/unit) deal. The property, located at 1939, 1945 and 1949 Avenida Del Mexico, whi...
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• Prime US REIT Acquires 296k sf Sorrento Mesa Office Property in $146 Mil Deal
7/27/21
Prime US REIT (PRIME) closed on a major, institutional office property buy, acquiring Sorrento Towers, a 296.3k sf Class A office complex in the heart of Sorrento Mesa, for $146 mil ($493/sf). Prime US REIT was advised in the...
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• Sares Regis Group Affiliate Buys 299-Unit Apartment Property in Downtown San Diego
7/26/21
A Sares Regis Group affiliate purchased LIT Cortez Hill (formerly known as AVA Cortez Hill), a 299-unit, high-rise apartment property located at 1399 9th Ave in downtown San Diego, CA. The deal was financed with a $76 mil sen...
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• Commercial Real Estate Financing Briefs
7/22/21
GANTRY - Mitchell Zeemont and Tony Kaufmann with Gantry secured a $44.25 mil loan for a single-tenant life sciences building located in the East Bay’s Emeryville submarket. The 67k sf building is 100%t occupied by a publicly ...
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• Carlsbad Creative Office Building Trades Near $400/sf
7/22/21
A 48.3k sf, Class A creative office building in Carlsbad was acquired by and OC-based family investment entity for $19.25 mil, or $398 per square foot. The property, located at 1800 Aston Ave, was sold by Burke Real Estate Gr...
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• Gildred Development Company Buys MOB/Retail Complex in Rancho Santa Fe
7/21/21
Gildred Development Company paid $19.5 mil, or $1,045/sf, for Rancho Santa Fe Professional Center, a five-building, 18.7k sf medical office/retail complex in Rancho Santa Fe, a census-designated place situated about 25 miles...
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• Anchor Health Properties and Carlyle Pick Up Medical Office Building in San Diego County
7/21/21
Vista Medical Plaza, a multi-tenant medical office building totaling 54.7k sf in Vista, was purchased for $26.75 mil ($489/sf) by a partnership between Anchor Health Properties and Carlyle. The property was sold by AmeriCare ...
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• Dan Floit Buys Historic Building in San Diego’s Downtown
7/16/21
Dan Floit has acquired the historic Centre City Building, a 95k sf office and retail building located in Downtown San Diego, for $10 mil ($105/sf). The 14-story building is located at 233 A St, a few blocks north of the Gasla...
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