| Peregrine Realty Partners Entity Spends $33 Mil on Office Asset in Rancho Bernardo
The Promontory, a 98.2k sf, Class A multi-tenant office building in San Diego’s Rancho Bernardo community, has been purchased by a limited partnership controlled by the principals of Newport Beach-based real estate firm for $...
| Imperial Beach Multifamily Property Comps at $288k per Unit
A 33-unit multifamily property in Imperial Beach sold for $9.5 mil, or $288k per unit. The 24.1k sf property is located at 870 13th St, just three blocks from the San Diego Bay and within walking distance to upscale dining, r...
| Private Investors Trade Office Building in San Diego’s Scripps Ranch Area
A 1031 exchange buyer has purchased a 17.2k sf, multi-tenant office building in the Scripps Ranch community of San Diego for $3.15 mil, or $183/sf. Located at 10731 Treena St, the two-story property was 94% leased to a divers...
| Adjacent Affordable Housing Projects in Mission Valley Have Been Completed
New side-by-side affordable housing projects in San Diego’s Mission Valley have officially opened their doors. The projects - Siena affordable apartments for seniors and Stylus affordable apartments for families – are located...
| Carlsbad Industrial Building Purchased in $13 Mil Transaction
A 70.2k sf industrial property in Carlsbad sold for $13 mil ($185/sf) in an off-market transaction. The property is located at 6212 Corte Del Abeto, in close proximity to Carlsbad’s McClellan-Palomar Airport. Currently fully ...
| RPG Closes $26 Mil Industrial Buy in Vista
RPG paid $26.1 mil for a 202.8k sf ($129/sf), multi-functional industrial asset in Vista. . The North County facility was fully vacant at the time of sale. It was sold by Stockbridge.
The property is situated on an abundant ...
| CH Projects Buys Historic Lafayette Hotel in San Diego for $25.8 Mil
CH Projects has acquired the historic, 131-room North Park neighborhood for $25.8 mil. The property is located at 2223 El Cajon Blvd, west of I-805 and south of I-8.
The Lafayette Hotel also features an Olympic-size pool and...
| San Diego Mulitfamily Sale Comps at $228k/Unit
Las Palmas Apartments, an 18-unit multifamily property in San Diego, traded for $4.1 mil, which works out to about $228k per unit. The property is located at 3864 35th St, east of I-805 and just south of University Ave within...
| 29th Street Capital Closes 200-Unit San Diego Res Buy
29th Street Capital, a Chicago-based multifamily investment firm, has acquired Villa Del Sol, a 203-unit multifamily community in San Diego, for $49.3 mil ($243k/unit). The asset was sold by a local family who owned the prope...
| Apartment Building In San Diego’s North Park Neighborhood Goes for Over $500k/Unit
A six-unit multi-family property located San Diego’s North Park neighborhood traded for $3.19 mil, or $532k per unit.
The 6k sf building includes all two-bedroom/two-bathroom floorplans with completely renovated interior and...
| Stos Partners Collects $5.24 Mil for Renovated Industrial Property in Carlsbad
A 1031 exchange investor has purchased an industrial property in Carlsbad for $5.24 mil, or $237 per square foot. Located at 5816 Dryden Place, the 22.2k sf property was 100% leased at the time of the sale. It is less than t...
| Burnham-Moores Center for Real Estate to Host 25th Annual Real Estate Conference on Three Megaprojects That Will Transform San Diego
The Burnham-Moores Center for Real Estate at the University of San Diego School of Business is holding its largest conference of the year—the 25th Annual Real Estate Conference Virtual Edition on Thursday, March 25, 2021 from...
| Res/Retail Building in San Diego’s Gaslamp District Sells for $4.7 Mil
A residential and retail building in Downtown San Diego’s Gaslamp District traded hands in a recent $4.725 mil deal. Located at 728 Market St, the building includes 18 residential apartments and two retail suites.
| Murphy Development Company Starts Work on Two San Diego Area Spec Industrial Buildings
Murphy Development Company (MDC) has started construction of two spec industrial buildings at Brown Field Technology Park (BFTP), a 52-acre corporate industrial and office park that flanks SR-905 at the Britannia Blvd on/off ...
| Monarch Group Locks Up $57 Mil Financing on Newly Constructed Multifamily Property in Vista
Monarch Group has secured a take-out loan of $57.25 mil on Monarch Buena Vista, a newly constructed, 179-unit multifamily community in Vista. The financing, was provided by Square Mile Capital Management LLC and replaces the ...
| Commercial Financing Briefs
SQUARE MILE CAPITAL - JPI Companies has secured a $69.75 mil loan on its JPI Pacific Beach property, a 172-unit multifamily asset in San Diego’s Pacific Beach submarket. The loan was provided by Square Mile Capital and will r...
| Courtyard San Diego Downtown Hotel sells for $64.5 Mil
The Courtyard San Diego Downtown, a 245-key hotel located in Downtown San Diego, traded hands in a $64.5 mil ($263.3k/key) transaction. The asset was sold by Hersha Hospitality Trust.
The historic Courtyard San Diego Downtow...
| San Diego Apartment Comp Comes in at $220k per Unit
In a recent multifamily comp from San Diego, a 13-unit property in the city’s Ramona neighborhood sold for $2.64 mil, or $220k per unit. The 12.8k sf property sits on an 18k sf lot located at 733 B St.
Built in 1987, the pro...
| LPC West and Alcion Ventures Buy 87k sf Industrial Building Near U.S. / Mexico Border
LPC West and Alcion Ventures have acquired 7615 Siempre Viva Road, an 86.7k sf industrial building in South San Diego, just north of the Otay Mesa Port of Entry at the U.S.-Mexico border. LPC West is the West Coast arm of nat...
| EverWest Advisors Makes $25 Mil Corp HQ Buy in Carlsbad
Denver-based EverWest Advisors completed the $25.25 mil acquisition of a 74.8k sf ($338/sf), Class A industrial distribution and corporate headquarters facility in Carlsbad. Located at 3209 Lionshead Ave, the property is full...