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December 3, 2023
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SAN DIEGO NEWS
Archive
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• San Diego Area Office Building Trades in $20 Mil Deal
9/08/20
A Los Angeles-based private buyer paid $20.6 mil for a 51.7k sf ($398/sf) office building in San Diego’s Sorrento Mesa area. The property was sold by real estate investment management firm Buchanan Street Partners. Located a...
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• Plastic Surgeon Pays Over $500/sf for San Diego Office Building
9/02/20
September 2, 2020 Plastic Surgeon Pays Over $500/sf for San Diego Office Building 2.8k sf property is in city’s Hillcrest neighborhood A freestanding, 2.8k sf office building located in San Diego’s Hillcrest neighborhood wa...
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• McDonalds and Union 76 Assets in San Diego’s Pacific Beach Fetch $8 Mil
9/01/20
A 3.2k sf McDonalds and a 2.3k sf Union 76 service station on two parcels totaling 50.8k sf of land in Pacific Beach sold for a total price of $8 mil. The assets are located at 4711 Mission Bay Dr and 2804 Garnet Ave, just ...
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• Three Ground Leases in Sorrento Mesa Sell for $41.5 Mil
8/28/20
A private investor paid $41.5 mil for the ground leases of three parcels totaling approximately 12.5 acres in Sorrento Mesa. The assets were sold by San Francisco-based real estate investment firm Stockbridge Capital Group. ...
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• Carlsbad Office Building Sells for $160/sf
8/26/20
A private investment firm paid $6.15 mil for a 38.3k sf ($160/sf) office building in Carlsbad. The property was originally built in 1986 and was renovated in 2013. Located at 5928 Pascal Ct, the property is 79% leased to ...
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• Pathfinder Partners Awards Portfolio Management Contract to Sunrise Management
8/20/20
Pathfinder Partners has awarded the management assignment for eight San Diego multifamily communities to locally-based Sunrise Management. Sunrise will assume the leasing and day-to-day operations of the properties and assist...
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• Trio of Recent Leases Brings Office District at Liberty Station to Fully Leased
8/19/20
Three new office leases have been signed at Liberty Station, a mixed-use development in the Point Loma neighborhood of San Diego, on the site of the former Naval Training Center. The office district is now fully leased. The...
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• National University’s HQ Campus in Torrey Pines Sells
8/19/20
Alexandria RE Equities has purchased The Pointe at Torrey Pines, a 139.1k sf office property in Torrey Pines currently home to the National University System and National University’s two-building headquarters. The price was ...
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• El Cajon Industrial Property Trades at 3.6% Cap Rate
8/13/20
A fully-leased, 27.8k sf industrial property in El Cajon sold for $3.39 mil ($122/sf). The deal came in at what we’re told is a record low cap rate for East San Diego of 3.6%. The property is comprised of a 17k sf building ...
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• Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
8/12/20
Architectural services firm AO has launched a new design studio, AO Science + Technology, following its acquisition of WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA...
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• San Diego R&D Building Seller in $2.7 Mil Deal was Just Blown Away
8/11/20
A local owner/user paid $2.7 mil for an 11.3k sf ($239/sf) R&D building in San Diego. The property, located at 7775 Arjons Dr, was acquired by SD Wood Cabinet. The seller was Just Blown Away Inc. The property seller is retir...
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• Investor Exchanges into 13.5k sf Oceanside Single-Tenant Office Asset
8/11/20
A 13.5k sf, single-tenant office building in Oceanside was acquired by an Orange County-based, 1031 private buyer for $6.65 mil, or $493 per square foot. The asset, located at 2160 South El Camino Real, is 100% leased to the ...
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• Local Investor Buys Carlsbad Flex/Industrial Building in $11.6 Mil Deal
7/31/20
A 44.8k sf, a Class A flex industrial building in Carlsbad was purchased for $11.6 mil ($259/sf) by a local investor. The property, located at 1900 Aston, was sold by Diversified Properties. The building was originally const...
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• LPC West and Crow Holdings Capital Pick Up 112k sf Chula Vista Industrial facility
7/29/20
A joint venture between LPC West and Crow Holdings Capital has acquired a 112k sf industrial building in Chula Vista, the second-largest city in the San Diego metropolitan area. The sale represents the first time the property...
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• Portfolio of Three NV and CA Res Properties Refinanced with Three Fannie Mae Loans
7/29/20
NorthMarq has arranged $31.05 mil in Fannie Mae refinanings on a portfolio of three multifamily properties located in Las Vegas, NV and Lakeside (San Diego), CA. NorthMarq’s Gardiner Champlin and Marty Meagher arranged the ...
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• Badiee Development’s Latest Flex/Industrial Building is 70% Leased
7/27/20
Badiee Development recently completed construction of Carlsbad Innovate, a 50.2k sf, adaptive flex industrial building located at 2810 Caribou Court, Carlsbad, CA in the Carlsbad Oaks North Business Park. Since completion, th...
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• Office Building in San Diego’s Little Italy Neighborhood Gets New Owner in $2.275 Mil Deal
7/24/20
A two-story, 2.8k sf office building in downtown San Diego’s Little Italy neighborhood sold for $2.275 mil, or $812/sf. The freestanding property is located at 223 West Date St, a few doors west of the I-5 and Front St. Bud ...
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• Invesco Real Estate and Baranof Holdings Pick Up San Diego Self-Storage Property
7/23/20
Global real estate investment manager Invesco Real Estate, in partnership with Baranof Holdings, has acquired Morena Storage, a 1,640-unit self-storage facility in central San Diego. The 108.7k sf asset, located at 908 Sherma...
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• BLT Enterprises in a Create-ive Mood with $40 Mil Carlsbad Acquisition
7/09/20
Los Angeles-based BLT Enterprises has purchased Create, a newly developed, 146.1k sf Class A pharmaceutical manufacturing facility in Carlsbad, for $40.45 mil ($277/sf). The building, located at 2827 Whiptail Loop West, had b...
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• Cooley Signs Lease for 74k sf at The Boardwalk in Torrey Pines
7/08/20
Cooley, a Palo Alto-based international law firm, has signed a 74k sf lease at The Boardwalk, a three-building, 195k sf development currently under construction by Irvine-based REIT Healthpeak Properties in Torrey Pines. Term...
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