| Peregrine Realty Partners Entity Pays $23.3 Mil for Office Property in Mission Valley
Mission Courtyard, an 87k sf, multi-tenant office property in San Diego, was purchased for $23.3 mil ($268/sf) by a limited partnership controlled by the principals of Peregrine Realty Partners. The four-story, atrium-style o...
| Academy Buys University Property in San Diego
Classical Academy purchased a 51.8k sf office property in the San Diego area for $10.1 mil ($195/sf) to be used as a new school location. It was sold by National University.
The three-story property sits on 7.8 acres at 2022...
| Fairfield Residential Closes on $45 Mil Res Buy in San Diego’s Little Italy
Fairfield Residential Closed on a San Diego res buy, paying $45.3 mil for Il Palazzo, a 108-unit ($419.4k/unit) multi-housing community located in the heart of the city’s Little Italy area. The purchase was facilitated with a...
| Development of Downtown San Diego Tower on Target with Retail Signing
Target has agreed to take a 36k sf retail space at Cisterra Development’s planned Radian tower development in downtown San Diego. The 255k sf, 22-story retail and residential high-rise project is located in the Ballpark Distr...
| Taconic Capital Advisors and Triangle Capital Group Buy The Spreckels Building in Downtown San Diego
A joint venture between New York-based Taconic Capital Advisors and Triangle Capital Group acquired The Spreckels Building, a 217.2k sf, mixed-use office, retail and theater property in San Diego’s Gaslamp Quarter. The asset ...
| Industrial Building in San Diego Goes for $197/sf
A 70k sf, freestanding industrial building located at 9151 Rehco Rd in San Diego sold for $13.8 mil, or $197/sf. The building is geographically located on the border of Sorrento Mesa and Miramar, two of the strongest and most...
| Draftsmen & Craftsmen
Majestic Realty Co.’s and Sunroad Enterprises’ Landmark at Otay, a four-building industrial center totaling 845.8k sf in Otay Mesa, has reached the concrete wall panel tilt-up and roof construction milestone for Phase 1 of th...
| Half the Retail Space in the First Phase of The Row at Civita is Spoken For
Roughly half of the 18k sf first phase of retail space at The Row at Civita has been leased or is currently under negotiation. The project, a development of Sudberry Properties, is located at 7995 Civita Blvd, at Russell Park...
| Cruzan Secures $35 Mil Refi on Del Mar Heights Office Asset
Cruzan has refinanced Plaza Del Mar, a two-building, 117.5k sf office property in the Del Mar Heights submarket of North County San Diego. The new $35.3 mil loan was arranged by Mark McGovern, Scott Peterson, Brian Cruz and C...
| Res Community in Mission Valley Trades for $155.7 Mil
Presidio View, a 350-unit apartment community located in San Diego’s Mission Valley area, has traded hands in a transaction valued at $155.7 mil ($445k/unit). The property, situated on 6.96 acres at 1440 Hotel Circle North, w...
| Kearny Mesa Retail Center Traded for $16.2 Mil
A partnership controlled by San Diego-based CEG Capital Partners has purchased Convoy Village, a 42.3k sf retail center in San Diego’s Kearny Mesa neighborhood, for $16.2 mil ($383/sf). Originally constructed in 1974, the pro...
| Draftsmen & Craftsmen
Cisterra Development has completed the development of a two-building, Class A corporate headquarters at Cubic Corporation’s campus in San Diego. The project is centrally located at 9233 Balboa Ave, within the city’s Kearny Me...
| Kearny Mesa Office Building Purchased in $9 Mil Deal
A 36k sf Class A office building in San Diego’s Kearny Mesa area traded for $8.95 mil ($249/sf). The three-story building is located at 5643 Copley Dr, south of the 52 Fwy and east of I-805.
The property was purchased by Nex...
| Commercial Real Estate Financing Briefs
DAVID B. NORTON - David B. Norton Inc arranged $39.3 mil in ground-up financing for the land acquisition and construction financing of a 314-unit garden style apartment complex outside of San Antonio, TX. The development is l...
| AppFolio Leases 40k sf of Office Space in Kearny Mesa
AppFolio, a mobile property management software provider, signed a long-term deal for 40k sf of space at Sunroad Centrum, an 11-story, Class A office tower in central San Diego. AppFolio will occupy the first and second floor...
| Sterling Bay West and Harrison Street Buy Two Life Sciences Properties in Sorrento Mesa
A joint venture between Sterling Bay West and Harrison Street has acquired two life sciences properties located in Sorrento Mesa, a thriving life science and biotechnology submarket of San Diego. The assets fetched a combined...
| Bridge Investment Group Pays $43 Mil for La Mesa Multifamily Property
Bridge Investment Group, out of Salt Lake City, purchased The Cove, a 133-unit multifamily property in La Mesa, for $43.25 mil, or $325k per unit. The apartment complex, located at 7400 Parkway Dr, was sold by IEC.
Built in ...
| San Diego Industrial Market Performing at Record Level
This report was proved by Kidder Mathews Director of Research Gary Baragona
The San Diego industrial market continues to perform at record levels amid the pandemic at the end of the first quarter.
• The ave...
| Anchor Health Properties Spends $25 Mil on 81k sf Office Building in San Diego’s Mission Valley
Anchor Health Properties has purchased Rio Vista Plaza, an 81.2k sf, multi-tenant office building in San Diego’s Mission Valley submarket, for $25.3 mil ($312/sf). The buyer plans to reposition the property as a medical offic...
| Mixed-Use Property in North San Diego County Offered at $19.2 Mil
Here’s news of an interesting mixed-use property in north San Diego County that has come on the market with a listing price of $19.2 mil. The four-building, 18.7k sf property, Rancho Santa Fe Professional Center, is comprised...