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June 20, 2024
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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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• Development of Downtown San Diego Tower on Target with Retail Signing
Target has agreed to take a 36k sf retail space at Cisterra Development’s planned Radian tower development in downtown San Diego. The 255k sf, 22-story retail and residential high-rise project is located in the Ballpark Distr...
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• Taconic Capital Advisors and Triangle Capital Group Buy The Spreckels Building in Downtown San Diego
A joint venture between New York-based Taconic Capital Advisors and Triangle Capital Group acquired The Spreckels Building, a 217.2k sf, mixed-use office, retail and theater property in San Diego’s Gaslamp Quarter. The asset ...
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• Industrial Building in San Diego Goes for $197/sf
A 70k sf, freestanding industrial building located at 9151 Rehco Rd in San Diego sold for $13.8 mil, or $197/sf. The building is geographically located on the border of Sorrento Mesa and Miramar, two of the strongest and most...
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• Draftsmen & Craftsmen
Majestic Realty Co.’s and Sunroad Enterprises’ Landmark at Otay, a four-building industrial center totaling 845.8k sf in Otay Mesa, has reached the concrete wall panel tilt-up and roof construction milestone for Phase 1 of th...
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• Half the Retail Space in the First Phase of The Row at Civita is Spoken For
Roughly half of the 18k sf first phase of retail space at The Row at Civita has been leased or is currently under negotiation. The project, a development of Sudberry Properties, is located at 7995 Civita Blvd, at Russell Park...
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• Cruzan Secures $35 Mil Refi on Del Mar Heights Office Asset
Cruzan has refinanced Plaza Del Mar, a two-building, 117.5k sf office property in the Del Mar Heights submarket of North County San Diego. The new $35.3 mil loan was arranged by Mark McGovern, Scott Peterson, Brian Cruz and C...
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• Res Community in Mission Valley Trades for $155.7 Mil
Presidio View, a 350-unit apartment community located in San Diego’s Mission Valley area, has traded hands in a transaction valued at $155.7 mil ($445k/unit). The property, situated on 6.96 acres at 1440 Hotel Circle North, w...
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• Kearny Mesa Retail Center Traded for $16.2 Mil
A partnership controlled by San Diego-based CEG Capital Partners has purchased Convoy Village, a 42.3k sf retail center in San Diego’s Kearny Mesa neighborhood, for $16.2 mil ($383/sf). Originally constructed in 1974, the pro...
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• Draftsmen & Craftsmen
Cisterra Development has completed the development of a two-building, Class A corporate headquarters at Cubic Corporation’s campus in San Diego. The project is centrally located at 9233 Balboa Ave, within the city’s Kearny Me...
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