| Carlsbad Building Purchased by Owner/User in $4 Mil Deal
Drapeau Family Enterprises LLC paid $4.17 mil for a freestanding, 20.3k sf ($205/sf) industrial building in Carlsbad. Drapeau will use the property, located at 2721 Loker Avenue West, for product development and distribution ...
| Black Creek Group Buys 600k sf Facility in San Diego
Denver-based Black Creek Group purchased a 601.4k sf, multi-tenant industrial building in San Diego. The fully leased, Class A asset sits on more than 31 acres at 2020 Piper Ranch Rd in the Otay Mesa submarket, offering direc...
| Apartment Building in Ramona Purchased for Over $8 Mil
A 38-unit complex in the SoCal city of Ramona sold for $8.27 mil, or $217.6k/unit. The 36.2k sf property is situated on a 230k sf lot located at 1551 Montecito Rd, east of I-15 and just north of Main St in northeast San Diego...
| Rockefeller Group Starts Work on 135k sf Otay Mesa Distribution Facility
Rockefeller Group has begun construction on Airway Industrial Park, a 135.6k sf distribution center situated on a 7.81-acre site in Otay Mesa. Rockefeller Group purchased the site in March 2020 and, once complete, the buildi...
| Hill Properties Buys 92k sf Industrial Property in San Diego’s Sorrento Valley Area
Hill Properties purchased Environmental Plaza, a seven-building, 91.7k sf industrial campus in San Diego’s Sorrento Valley area. The asset was sold by a private family investment entity in a $15.3 mil ($167/sf) transaction.
| Trammell Crow Residential Breaks Ground on Luxury Res Tower in Downtown San Diego’s Little Italy Neighborhood
The Southern California division of Trammell Crow Residential (TCR) is breaking ground on construction of Simone, a luxury, 36-story high-rise in San Diego’s Little Italy neighborhood. The development will consist of 358 mark...
| Industrial Building in San Diego’s Miramar Area Goes for $15 Mil
An 82.8k sf industrial property in San Diego’s Miramar area sold for $15 mil ($181/sf). The property, Located at 6955 Consolidated Way, east of I-805 and adjacent to Miramar Rd, was sold by a partnership controlled by RAF Pac...
| Hines’ Mixed-Use Redevelopment of Riverwalk Golf Course in Mission Valley Approved by San Diego City Council
Hines received unanimous approval on November 17 by the San Diego City Council for the firm’s Riverwalk San Diego project, which will transform the existing Riverwalk golf course in western Mission Valley into a 200-acre, liv...
| Commercial Real Estate Financing Briefs
CBRE CAPITAL MARKETS DEBT & STRUCTURED FINANCE - Dana Summers, Doug Birrell, Robert Ybarra, Bruce Francis and Shaun Moothart with CBRE arranged a $39.7 mil loan for the purchase of two multifamily properties in Phoenix, The V...
| RanchHarbor and Stos Partners Venture Picks Up San Diego-Area Industrial Portfolio
A joint venture between RanchHarbor and Stos Partners has acquired two industrial properties, totaling 28k sf of space and collectively referred to as the Benchmark Portfolio. The free-standing industrial warehouses are locat...
| Quidel Inks $16.9 Mil Lease of 16k sf Sorrento Mesa Facility
Rexford Industrial has completed a $3.5 mil renovation of a 106.4k sf industrial property in San Diego’s Sorrento Mesa area. Upon completion of renovations, Quidel, a San Diego-based leading diagnostic healthcare manufacturer...
| Pacific West Communities Lands Tax-Exempt and Taxable Bond Financing for 75-Unit Res Project in Brawley, CA
Pacific West Communities, out of Idaho, has obtained $22 mil in tax-exempt and taxable bond financing for the $28.7 mil construction of a 75-unit affordable housing property in Brawley, CA. The financing was provided by Ameri...
| San Diego Apartment Sale Comps at $261.5k Per Unit
A 13-unit apartment complex on the west side of San Diego’s Mission Hills neighborhood sold for $3.4 mil, or $261.5k/unit. The property is located at 3812 Keating St, east of I-5 and north of Washington St.
The apartments we...
| El Cajon Multifamily Property Goes for $19 Mil
Villa Grande Apartments, a 110-unit multi-family property in East San Diego County’s El Cajon neighborhood, sold for $19 mil, or $173k/unit. The Villa Grande Apartments, which totals 64.9k sf of buildings on a 4.55-acre parce...
| San Diego Apartment Property Sells for $242k/Unit
Golden Heights Terrace, a 27-unit multifamily property in San Diego’s Grant Hill/Logan Heights submarket, sold for $6.525 mil ($242k/unit). The property, located at 525-565 28th St, was sold by Golden Heights Partner Group LL...
| Renovation Completed at Creative Office Project in Rancho Bernardo
SENTRE completed the renovation of Mosaic, a 60.3k sf Creative Office building in San Diego’s Rancho Bernardo area. Located at 15822 Bernardo Center Dr, Mosaic offers move in ready options for office tenants seeking modern sp...
| Seattle Construction Firm Buys 16k sf Industrial Building in Kearny Mesa
Seattle-based construction company BNBuilders paid $4.33 mil for a 16.4k sf ($264/sf) industrial building in Kearny Mesa. The asset was sold by Wholesale Property Co, operating as Winsupply, one of the nation’s largest wholes...
| Nakhshab Development & Design Obtains Refi Loan on San Diego Res Project
Nakhshab Development & Design (NDD) has secured a $10.25 mil refi loan for Truax Lofts and Truax House, a newly constructed, 36-unit, modern residential community built with eco-friendly materials in San Diego’s Bankers Hill ...
| Cold Storage Facility in Otay Mesa Goes for $148/sf
A private investor acquired a 56.3k sf, cold storage industrial facility in San Diego’s Otay Mesa submarket for $8.335 mil, or $148/sf. The property is located at 9925 Airway Rd, just north of the United States/Mexico border....
| San Diego Res Community Traded in $107 Mil Transaction
Agave Ridge, a 369-unit townhome community in San Diego’s Kearny Mesa neighborhood, was acquired by San Francisco-based Prime Residential in a transaction worth $107 mil ($290k/unit). The asset was sold by Goldrich & Kest, ou...