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• Multifamily Trade from SoCal’s Imperial County Goes for $109k/Unit
2/17/21
In a recent multifamily sale from SoCal’s Imperial County, the majority of Brawley Park Imperial Townhomes, a townhome-style multifamily community in Brawley, traded for $4.46 mil.
Located at 650 N. Imperial Ave, the propert...
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• 2020 Year-End Look at San Diego’s Medical Office Market
2/16/21
This report was provided by Joe Zurek, Senior Associate at the San Diego office of Cushman & Wakefield
MARKET HIGHLIGHTS
SUPPLY AND DEMAND: Resiliency in a Pandemic
At the end of Q4 2020, San Diego’s medical office direc...
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• JPI Locks in $70 Mil Refi on Res Community in San Diego’s Pacific Beach
2/16/21
Here’s news of a notable multifamily financing deal out of San Diego’s Pacific Beach neighborhood. JPI, a Texas-based multifamily investment and development firm, has obtained a $69.75 mil refi loan on Jefferson Pacific Beach...
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• IHP Capital Partners Buys Escondido Land for Townhome Project
2/09/21
In development news out of Escondido, IHP CapitalPartners acquired 4.9 acres of unimproved land for construction of 113 three-story townhomes. IHP partnered with California West Communities, a San Diego-based residential land...
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• Santee Industrial Asset Trades for Record $250/sf
2/09/21
Two newly constructed industrial buildings totaling 20k sf in Santee were purchased for $5 mil by a high net-worth, 1031-exchange buyer based in Los Angeles. We’re told the sale represents a record for San Diego's East County...
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• Urban Infill Project in San Diego’s Golden Hill Neighborhood Offers 36 Units of Workforce Housing
2/05/21
Construction on Buzz Golden Hill, a $9 mil, 24k sf urban infill mixed-use project in San Diego’s Golden Hill neighborhood, was just completed last month. The project, developed by Alexander Alemany of Hub & Spoke Communities ...
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• Carlsbad R&D Facility Trades for $200/sf
2/04/21
A 128.7k sf R&D and manufacturing facility in Carlsbad traded for $25.75 mil ($200/sf). The property, located at 2285 Rutherford Rd, was originally built in 1990 as part of the Carlsbad Research Center.
The two-story buildi...
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• Escondido Multifamily Traded for $3.4 Mil
2/03/21
A 15-unit multifamily property in the North San Diego County city of Escondido sold for $3.395 mil ($226k/unit). The 9.5k sf building is comprised of all one-bedroom/one-bathroom units.
The completely renovated property is l...
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• Solana Beach Office/Retail Property Sold in Off-Market Deal Worth almost $11 Mil
2/01/21
Cedros Executive Plaza, a 25k sf, multi-tenant office and retail building in Solana Beach, sold for $10.9 mil ($436/sf) in an off-market deal. The property sits on 1.14 acres at 308-312 S Cedros Ave, south of Encinitas in nor...
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• San Diego MOB Deal is Worth Over $17 Mil
1/27/21
A 22.5k sf, four-story medical office building in San Diego sold for $17.15 mil ($762/sf). The property, 4th & Lewis, is located at 330 Lewis St, south of I-8 and just west of the 163 Fwy.
A publicly traded, healthcare real ...
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• Torrey Hills Medical Plaza Trades for $785/sf
1/19/21
Torrey Hills Medical Plaza, a 47.6k sf, Class A medical office building and attached parking garage in San Diego, has sold for $37.35 mil ($785/sf) in a year-end deal. The asset was acquired by a publicly traded real estate i...
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• Phelan Development Buys 25-Acre San Diego Parcel
1/15/21
Phelan Development has paid $11.5 mil for a 25-acre parcel of land in San Diego. The land is expected to receive full entitlements in the first quarter of 2021 with construction slated to commence in the second quarter of 202...
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• Kearny Real Estate Starts Work on 156k sf Industrial Project in Otay Mesa
12/31/20
Kearny Real Estate has commenced construction of a two-building, 156.4k sf industrial complex within the master-planned Otay Crossings Commerce Park in San Diego’s Otay Mesa area. The new build-to-suit buildings being constru...
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• AZ Office Complex Purchased by SoCal Investor in $21.7 Mil Deal
12/30/20
Portico I and II, an 89.2k sf, Class A office complex in Chandler, AZ, was traded in a $21.68 mil ($243/sf) transaction. The two-building, multi-tenant property was acquired by Southern California-based YMC Arizona Properties...
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• Shapery Enterprises Picks Up 208-Unit Res Community in San Diego
12/30/20
Shapery Enterprises, out of San Diego, purchased Mission Trails, a 208-unit apartment community in the San Carlos neighborhood of San Diego. The price was not disclosed.
Located at 6975 Golfcrest Dr, the 175.2k sf property w...
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• San Diego Automotive Property Purchased for $6.5 Mil by Local Owner/User
12/29/20
A 20.1k sf, industrial/automotive building in San Diego was acquired for $6.5 mil ($323/sf) by 5135 Convoy LLC, an investment entity out of San Diego’s Kearny Mesa area. The property, located at 5135-5155 Convoy St, east of I...
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• Westpac Wealth Partners Buys San Diego Office Property for $6.88 Mil
12/18/20
Westpac Wealth Partners has purchased a 32.8k sf office property in Sorrento Mesa for $6.88 mil, or $210/sf. The three-story building was sold by a joint venture between Harbor Associates and RMA.
Located at 5280 Carroll Can...
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• eCommerce Parking Facility in Carlsbad is Sold
12/18/20
A 7.5-acre eCommerce parking facility in Carlsbad was acquired by a publicly traded REIT. The property is fully leased to a global credit tenant. It was sold by San Diego-based Meridian Properties.
The property is part of a ...
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• San Diego Multi-Tenant Industrial Property Gets New Owner in $11.3 Mil Deal
12/17/20
A two-building, 61k sf multi-tenant industrial property in San Diego’s Miramar area sold for $11.3 mil, or $185/sf. The property is located at 8250-8260 Camino Santa Fe, east of I-805 and just north of Miramar Rd.
The proper...
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• Chula Vista Commercial Building Goes for $10 Mil
12/14/20
A private investor paid $10 mil for a 42k sf ($238/sf), multi-tenant building in Chula Vista. Located at 1261 Third Ave, the single-story, specialty use property was originally built in 1975 and was renovated in 2019.
The b...
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