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• Majestic Realty Co and Sunroad Enterprises Pouring Concrete for 476k sf Industrial Project in San Diego
6/07/22
In an industrial development update out of San Diego County, Majestic Realty Co and Sunroad Enterprises will commence pouring the concrete slabs of the 476k sf, Phase II build-out at their Landmark at Otay project.
The devel...
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• El Cajon Multifamily Sales Comp Works out to $232k/Unit
5/27/22
In a recent San Diego area, multifamily sales comp, Positive Investments paid $4.65 mil for Casa Del Sol Apartments, a 20-unit ($232.5k/unit) complex located in El Cajon. The 15.4k sf property is located on a 0.8-acre lot at ...
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• Lennar Picks Up 10 Acres of Res Development Land in Otay Mesa
5/25/22
Lennar has acquired two sites totaling 10.02 acres in Otay Mesa, located just west of 2160 Cactus Rd. The 436.5k sf site will be the future home of Epoca’s G and I neighborhoods—an extension of ColRich’s mixed-use-village st...
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• Sunroad Enterprises Obtains $200 Mil Take-Out Loan on Just Completed San Diego Area Res Community
5/20/22
Sunroad Enterprises has secured a $203 mil construction takeout financing for Vive Luxe, a Class A, 442-unit, multi-housing community the firm built in San Diego’s Kearny Mesa submarket.
Built in 2022, Vive Luxe offers studi...
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• Retail Property Collection in Kearny Mesa Sold for $90 Mil
5/18/22
In a significant retail trade out of San Diego’s Kearny Mesa area, a private investor purchased a collection of three core, single-tenant net-leased assets totaling 194.3k sf of space within the Gateway at Kearny Mesa retail ...
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• Rockefeller Group Acquires 11.5 Acres in Chula Vista for New Industrial Development
5/13/22
Rockefeller Group has acquired 11.57 acres in Chula Vista, with plans to begin construction in June 2022 on three buildings totaling 201.2k sf of industrial space. The project, Heritage Industrial Park, is Rockefeller Group’...
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• Trammell Crow Company (TCC) and CBRE Investment Management to Build 116k sf Life Science Project in Sorrento Mesa
5/13/22
Trammell Crow Company (TCC) and CBRE Investment Management have teamed up to build Vista Sorrento Labs, a 116k sf life science development in San Diego’s Sorrento Mesa submarket. CBRE’s stake is on behalf of a separate accoun...
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• San Diego Area Office Building Trades in $25 Mil Transaction
5/12/22
Willow Creek Corporate Center, a three-story, 121.4k sf office building in San Diego’s Scripps Ranch submarket, traded for $25.3 mil ($208/sf). The asset was purchased by Sason, marking the firm’s second acquisition in San Di...
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• San Diego Ranks as Second Busiest Market for Conversions of Office to Life Science Space
5/11/22
This report provided by real estate services firm CBRE
A sharp increase in construction of life sciences labs in the U.S. has included big gains in a premium category: conversions of office buildings to labs. According to a ...
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• Lincoln Property Company and Angelo Gordon Pick Up 77k sf Vista
5/10/22
A 76.9k sf industrial building in Vista was recently purchased by a joint venture between Lincoln Property Company and Angelo Gordon. The building will be repositioned for future life science use. The buyers obtained $27.4 mi...
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• Escondido Multifamily Project Sells for $25 Mil
5/04/22
City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
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• Luminous Capital Management Virtus Real Estate Capital Spend $14 Mil on Carlsbad Industrial/R&D Building
5/02/22
Luminous Capital Management, in partnership with Austin-based Virtus Real Estate Capital, has acquired 5931 Priestly Drive, a 52.8k sf industrial/R&D building in Carlsbad. The property was acquired from locally-based Greene ...
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• DivcoWest Spends $76 Mil on San Diego Office Asset
4/29/22
Northridge Summit, a Class A, 130k sf single-tenant office building in San Diego was acquired by DivcoWest in a $76.1 mil ($585/sf) transaction. The asset was sold by Davlyn Investments.
Northridge Summit is located at 122...
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• Robust Demand Fuels San Diego Industrial Market
4/28/22
This report was provided by real estate services firm JLL
Industrial market conditions across San Diego remained largely unchanged in Q1, as overwhelming tenant demand continued to outpace existing and new supply. Currently,...
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• Darnell Capital Management Secures $12.6 Mil for San Diego Multifamily Development
4/27/22
Darnell Capital Management is moving forward with a multi-housing development located in San Diego’s Golden Hill neighborhood. The developer obtained $12.6 mil construction financing for the project.
The project will offer a...
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• Apartment Property in San Diego’s Hillcrest Neighborhood Trades at $348k/Unit
4/25/22
A 16-unit apartment property in San Diego’s Hillcrest neighborhood sold for $5.57 mil, or $348k/unit. The 8.7k sf property is situated on a 7.1k sf lot located at 526-528 Anderson Place.
Built in 1911, the property consists ...
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• Greenlaw Partners Invests $24.5 Mil in San Diego Industrial Acquisition
4/22/22
In a recent San Diego-area industrial buy, Greenlaw Partners purchased San Diego International Center, a 106.6k sf industrial warehouse in Otay Mesa. The property, located at 2323 Avenida Costa Este, traded for $24.5 mil ($23...
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• Two Carlsbad Office Assets Trade in Deals Valuing the Assets at $86 Mil
4/15/22
RPG has closed on the recapitalization sales of two Class A creative office and mixed-use office/retail assets in Carlsbad. The properties had a combined building value of $86 mil at the time of transaction.
Transacted separ...
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• Westport Properties to Develop Two Industrial Buildings Totaling 96k sf in San Diego County
4/14/22
Westport Properties is planning to develop two Class A, 32’ clear-height, single-tenant industrial buildings in the Otay Mesa and Oceanside/Carlsbad submarkets in San Diego County. The company currently has five developments ...
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• Sudberry Properties Nearing Completion on 10-Acre Mixed Development in San Diego’s Scripps Ranch Area
4/07/22
Construction is nearing completion on The Hub at Scripps Ranch, a mixed-use redevelopment project featuring 260 modern luxury apartments with outstanding amenities and 10.7k sf of retail/restaurant space. The 9.52-acre site, ...
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