| Cisterra Development Starts Work on 22-Story Res/Retail Tower in Downtown San Diego
Cisterra Development has begun construction on Radian, a 255k sf, 22-story retail and residential high-rise tower in Downtown San Diego’s East Village neighborhood. Groundbreaking was celebrated at a ceremony with San Diego C...
| Vista Site Acquired as a Self-Storage Development Opportunity
Clear Sky Capital, out of Arizona, paid $4.8 mil for a 4.03-acre development opportunity located at 510 and 522 North Avenue in Vista. The property was sold by a SoCal-based partnership.
The site is entitled for a self-stora...
| MIG Real Estate Pays $333k/Unit for Oceanside Res Community
Stone Arbor Apartments, an 88-unit multifamily community in Oceanside, was purchased by OC-based MIG Real Estate for $29.3 mil, or $333k per unit.
Stone Arbor Apartment Village was originally constructed in 1977 and is locat...
| San Marcos Cold Storage Facility Sells for $372/sf
A 113.5k sf, cold storage industrial facility in San Marcos was purchased by an institutional buyer for $42.2 mil ($372/sf). The property is located at 505 South Pacific St, east of Rancho Santa Fe Rd and south of Hwy 78.
| Hines Buys 161k sf Industrial Park in San Diego’s Miramar Area
Hines has purchased Activity Business Center, a five-building multi-tenant industrial asset totaling 161.2k sf in the Miramar submarket of San Diego. Approximately 90% leased at the time of sale, the portfolio was sold by BKM...
| Multifamily Property in La Mesa Fetches Nearly $300k/Unit
ADC Real Estate Group paid $22.25 mil for Trolley Palm, a 75-unit ($297k/unit), garden-style apartment community in La Mesa. The property was sold by L5 Odyssey Management LLC.
Trolley Palm is situated on 3.59 acres at 4302 ...
| Apartment Property in San Diego’s Nestor Area Sells for $290k per Unit
In a recent apartment sales comp from the San Diego region, a 19-unit property in the Nestor area traded for $5.5 mil, or $290k per unit. The 18.2k sf property is situated on a 57k sf lot located at 2320-2328 Grove Ave and 1...
| Construction Nearing Completion at 151k sf Otay Mesa Industrial Project
Otay II Commerce Center, a two-building industrial center totaling 151.4k sf located in San Diego’s Otay Mesa area, has reached the concrete wall panel tilt-up construction milestone. The project is a development of Cabot Pro...
| Kilroy Realty Spends $42 Mil on 1.3-Acre Downtown San Diego Development Site
Kilroy Realty Corporation acquired a 1.3-acre land development site in downtown San Diego for $42 mil. Kilroy plans to develop up to 275k sf of Class A office space on the full city block site, located at 2045 Pacific Highway...
| M2 Ingredients Leases 155k sf Vista Industrial Facility
M2 Ingredients inked a long-term lease of a 155k sf, Class A industrial building in Vista. M2, a leading producer of certified 100% organic, whole food mushroom powders, will use the new facility as the company’s corporate he...
| Joint Venture between Hill Properties and Westport Capital Partners Buys Seven-Building Biz Campus in San Diego
Camino Santa Fe Business Park, a seven-building, 172.7k sf multi-tenant industrial in San Diego’s Miramar submarket, was acquired by an entity controlled by a joint venture between Hill Properties and Westport Capital Partner...
| M2 Ingredients Leases 155k sf Single-Tenant Facility in Vista
M2 Ingredients agreed to a long-term lease valued at $20.5 mil for a 155k sf, single-tenant industrial building in Vista. The building is located at 1395 Park Center Dr, east of Melrose Dr and south of Faraday Ave.
| FPA Multifamily Closes 234-Unit Res Buy in Alpine, CA
A two-property, 234-unit multifamily portfolio in Alpine, CA sold for $54.1 mil ($231.2k/unit). The assets, Elán Summit at Alpine and Meadow Woods at Alpine, were sold by Property West Residential. The buyer was FPA Multifami...
| Built Development Finances Newly Constructed San Diego Res Project with $24.5 Mil Loan
Built Development has secured a $24.5 mil in financing for Cielo, a Class A, mid-rise multi-housing property located in downtown San Diego’s Little Italy neighborhood. Built acquired the land in 2014 and, upon receiving entit...
| One Paseo Mixed-User in San Diego Wins Top Honors at Gold Nugget Awards
TCA Architects won top honors at this year’s Gold Nugget Awards for One Paseo, a recently completed mixed-use project located in the Del Mar Heights neighborhood of San Diego. The project won in the category of Best Mixed-Us...
| San Diego Office Portfolio Financed with New $91 Mil Loan
Brookwood Financial Partners LLC has obtained new financing of $91 mil on The Brookwood North San Diego Portfolio, a collection of seven best-in-class office properties within three campus settings across North San Diego Coun...
| San Diego Creative Office Campus Fetches Over $68 Mil
Summit Pointe, a 146.6k sf creative corporate office campus situated on 20.95 acres in San Diego, sold for $68.35 mil ($466/sf). The property is also entitled for the development of approximately 175k sf of additional office...
| Two San Diego Industrial Assets Traded in Deals Totaling $7 Mil
Two industrial properties in San Diego’s Otay Mesa submarket have sold for a combined price of $7.03 mil.
One of the properties is located at 2312 Marconi Place and sold to a local investor for $6.22 mil. The 4.63-acre indu...
| Jen-Weld Leases 100k sf Facility in Vista
Jen-Weld signed a long-term lease valued at $11.3 mil for a 103k sf, single-tenant industrial building in Vista. The property, located at 2633 Progress St, is owned by Wilco Investments LLC.
Built in 2010, the facility featu...
| Protea Properties Closes on $47 Mil of San Diego Commercial Real Estate
Protea Properties LLC purchased five San Diego-area commercial properties totaling 231.9k sf in a $47 mil transaction. Four of the properties are located in Chula Vista and one office building in Mission Valley.