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June 18, 2024
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• 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...
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• 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...
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• 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...
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• 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...
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• 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. The frees...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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. This portfo...
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• Sunrise Management Adds Four San Diego Res Communities to Its Portfolio
San Diego-based Sunrise Management has boosted its local management portfolio with the addition of four more San Diego communities, totaling 336 units. The firm, founded in 1978, has regional offices in Sacramento, Las Vegas,...
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• Multifamily Property Looking Out Over Mission Bay Goes for $700k/Unit
A nine-unit multifamily property located in the Crown Point area of San Diego’s Pacific Beach neighborhood sold for $6.3 mil, or $700k/unit. The property overlooks the Kendall-Frost Mission Bay Marsh Reserve and the Northern ...
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• Four-Property San Diego Res Portfolio Trades in Two Deals Totaling $8.5 Mil
A four-property, multi-housing portfolio totaling 28 units and located throughout San Diego sold in two separate deals worth a combined $8.5 mil. Two of the properties, at 3833 Front St and 3837 1st Ave, are located in the Hi...
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• Stos Partners Picks Up San Marcos Industrial Property
Stos Partners paid $8.775 mil for a 62k sf ($141.50/sf), multi-tenant industrial property in San Marcos. The property, which is currently 100% occupied by six tenants and facilitates a range of light industrial uses, was purc...
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• 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...
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• 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...
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• 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...
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