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• L.A.-Based Buyer Spends $24.5 Mil on Two Industrial Buildings in Vista
4/12/24
Two fully leased industrial buildings in Vista totaling 111.5k sf of space traded hands in a recent $24.5 mil ($220/sf) transaction. The buildings, situated on 6.39 acres at 2210 Oak Ridge Way and 2325 Cousteau Court, were a...
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• Work Completed on New Springhill Suites by Marriott Hotel in Chula Vista
3/27/24
Construction has been completed on a 179-room Springhill Suites by Marriott in eastern Chula Vista, CA. The new 127.6k sf, all-suite hotel is located at 870 District Pl, in the city’s Eastlake area. The project was built for ...
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• King Street Properties Underway with 60k sf Spec Life Sciences Project in Sorrento Mesa
3/26/24
King Street Properties has unveiled plans for a new 60k sf, spec lab and life sciences redevelopment, Mesa Labworks, in San Diego’s Sorrento Mesa submarket. King Street is converting the existing single-story building located...
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• Office Building in San Diego Sells for $17 Mil
3/26/24
A 54k sf, two-story office building in San Diego’s Kearny Mesa area traded for $17 mil. The fully leased office building sold for $315 per square foot, equating to a first-year cap rate of 8.5%. We’re told this marks the high...
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• R&D/Lab Portfolio in Rancho Bernardo Gets New Owner in $30.8 Mil Deal
3/19/24
Dollinger Properties purchased a 90k sf R&D/Lab portfolio in San Diego’s Rancho Bernardo area in a $30.8 mil ($342/sf) transaction. The portfolio consists of two fully leased buildings located at 16981 Via Tazon and 11501 Ran...
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• Bixby Land Company Establishes Industrial Fund
3/19/24
Bixby Land Company has established its Bixby Industrial Fund 1. The recapitalization portfolio consists of five industrial properties, two located in Mira Loma, CA, two in Phoenix, AZ and one in Atlanta, GA. Goldman Sachs Alt...
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• Hammer Ventures Pays $9.1 Mil for Sorrento Mesa R&D Building
3/18/24
A 19.6k sf R&D building in Sorrento Mesa traded in a $9.1 mil ($464/sf) deal. The property is located at 9560 Waples, east of I-805 on the south side of Mira Mesa Blvd, and was vacant at the time of sale.
The property was so...
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• Matt Carlson and Patrick Gildea Named Regional Leaders at CBRE Capital Markets
3/14/24
Matt Carlson and Patrick Gildea have been named regional leaders for CBRE’s Capital Markets national office platform. As Co-Heads of U.S. Office Capital Markets, Carlson will provide strategic oversight for the West region, w...
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• Drawbridge Realty Finishes Work on 80k sf Office/R&D Facility in San Diego’s Rancho Bernardo Submarket
3/13/24
Drawbridge Realty has completed construction on 16705 Via Del Campo Court, an 80.7k sf, three-story, Class A office/R&D property in San Diego’s Rancho Bernardo submarket. The project is the first speculative office building t...
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• Sorrento Mesa Industrial/Laboratory Building Sells for $540/sf
3/01/24
Biotest Inc paid $23 mil for a 42.5k sf ($541/sf) industrial/laboratory building in Sorrento Mesa. Biotest is a health care/life science company based in China that will use the property for product development and distributi...
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• Mixed-Use Project Nearing Completion in Lemon Grove
3/01/24
Construction on Kelvin, a 66-unit contemporary mixed-use community at 7950 Broadway in Lemon Grove, is nearing completion, bringing much needed housing to a rapidly growing San Diego County neighborhood.
Owned and developed...
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• BKM Capital Partners Closes $70 Mil San Diego Area Industrial Buy
2/29/24
BKM Capital Partners (BKM) has acquired Canyon Industrial Center, a 198.7k sf multi-tenant industrial park in Kearny Mesa, for $70.2 mil ($353/sf).
Situated at 9424-9560 Chesapeake Dr, Canyon Industrial Center contains 13 b...
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• Mixed-Use Building in San Diego’s East Village Offered at $8 Mil
2/20/24
Here’s news of an interesting mixed-use listing in downtown San Diego. The property is a four-story, 18.2k sf building with three floors of creative office space above a ground floor restaurant and brewery.
The building, con...
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• A Collaborative of San Diego Design Leaders Reinvigorates the Design Center, Introduces Futuro Space
2/13/24
At the renowned San Diego Design Center, a classic 15.3k sf mid-century modern multi-building office campus located at 3605 Fifth Ave in San Diego’s Hillcrest neighborhood, local design leaders are joining forces to reinvigor...
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• Commercial Real Estate Financing Briefs
2/08/24
GEORGE SMITH PARTNERS – Steve Bram, David Pascale, Allison Higgins and Nick Rogers with George Smith Partners arranged $15.4 mil in bridge financing for a medical office building in Tarzana that recently underwent a $5 mil+ r...
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• Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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• San Diego Flex Biz Park Sells for $45 Mil
2/05/24
Sorrento View Business Park, a seven-building, multi-tenant, Class A, mixed-use/flex business park in the central San Diego location of Sorrento Mesa, sold for $45 mil. The 139.3k sf ($323/sf) property is located at 5945-5965...
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• Work Finished on $2 Mil Renovation of Scripps Ranch Office Property
1/26/24
Sason has completed a $2 mil renovation and repositioning at Canvas on Willow, a three-story office building totaling 121.4k sf in San Diego’s Scripps Ranch submarket. The property has also secured four new leases totaling ne...
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• Single-Tenant Raising Cane’s in Imperial Beach Sells for $5.7 Mil
1/24/24
A NoCal-based family investment entity purchased a new construction, 2.4k sf single-tenant property occupied by a Raising Cane’s Chicken Fingers Drive-Thru restaurant in Imperial Beach, CA in a $5.7 mil ($2,375/sf) off-market...
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• Overseas Investor Spends $8 Mil on Office Building in San Diego’s Rancho Bernardo Area
1/19/24
A 25.5k sf office building in San Diego’s Rancho Bernardo submarket traded for $8 mil, or $314/sf. The property is located within Tech Park at 17075 Camino San Bernardo. It was acquired by Dominguez Channel LLC, an overseas p...
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