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September 26, 2023
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SAN DIEGO NEWS
Archive
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• The Appliance Outlet Opens Second SoCal Outlet
6/29/20
The Appliance Outlet inked a five-year lease for 13.4k sf of retail space in Oceanside. The home appliance retailer will use the space to open its second Southern California location. Due to the pandemic, the grand opening ...
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• Rexford Industrial Realty Completes Two SoCal Buys for $14.7 Mil
6/23/20
Rexford Industrial Realty Inc has boosted its industrial portfolio with the recent acquisitions of two SoCal assets in deals totaling $14.7 mil. The firmís newest properties are located in Yorba Linda and San Diego. The acqu...
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• Two San Diego Mixed-Use Projects Trade in $45 Mil Transaction
6/22/20
Park & Polk and The Fort, two trophy mixed-use assets in San Diego, were sold in deal with a total price of around $45 mil. The assets, both designed and developed by renowned architect and developer Jonathan Segal, contain a...
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• Draftsmen & Craftsmen
6/19/20
CBREís Project Management division has won a Construction Management Association of America (CMAA) Award for the San Ysidro Land Port of Entry Phase II project at the U.S.-Mexico Border in San Diego. Bill Slaybaugh and Albert...
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• Alexandria Real Estate Equities Picks Up San Diego Flex/R&D Building for $17 Mil
6/18/20
Alexandria Real Estate Equities bought a 62.4k sf, two-story, flex R&D building in San Diego for $17 mil ($272/sf) in an off-market transaction. The property, located at 9877 Waples St, was sold by LPC West Inc, the West Coas...
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• Nationís Hotels Expected to See Full Demand Recovery by Late 2022
6/18/20
This report was provided by real estate services firm CBRE After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nationís hotels will benefit from what is expected to...
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• El Cajon Multifamily Property Trades in $16 Mil Deal
6/18/20
GLC Legacy Trust paid $16.3 mil for Tribecca on Mollison, a 68-unit ($239.7k/unit) complex located in the El Cajon area of San Diego. The 57k sf property sits on on 2.84 acres at 520 S. Mollison, south of I-8 and west of Jama...
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• Freestanding Building in the Heart of Village of Rancho Santa Fe Sells for $3.2 Mil
6/17/20
A 3.1k sf mixed-use building within the Village of Rancho Santa Fe area of San Diego traded hands in a $3.2 mil ($1,032/sf) deal. The office and retail building is located at 16903 Avenida de Acacias, at the corner with La Fl...
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• Pacific Beach Apartment Building Goes for $662k/Unit
6/16/20
A four-unit apartment property in San Diegoís Pacific Beach neighborhood sold for $2.65 mil, or $662.5k/unit. The 5.2k sf property is situated on a 6.2k sf lot at 1050-1056 Diamond St. Built in 1992, the property is just thr...
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• SoCal Investors Trade 33-Unit Res Asset in El Cajon
6/15/20
Willow Creek, a 33-unit apartment community in El Cajon, traded in a deal worth $8.55 mil, or $259k/unit. Built in 1987, Willow Creek is located at 8410 Los Coches Rd, adjacent to the west side of I-8. Willow Creek is a thre...
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• Providence Capital Group Makes $8.25 Mil Industrial Acquisition in Escondido
6/15/20
Providence Capital Group, a San Diego-based owner and investor, paid $8.25 mil for Pinnacle Business Park, a 41k sf ($201/sf), multi-tenant industrial asset located at 2750 Auto Park Way in Escondido. The property was sold by...
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• Carlsbad Industrial Asset Sold for $44 Mil
6/12/20
In a recent industrial investment buy out of Carlsbad, a newly constructed, 169.8k sf, Class A facility sold for $44 mil, or $259/sf. The property, Vector, is 100% leased to two tenants. Located at 2882 Whiptail Loop East, n...
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• SENTRE Buys 75k sf Office Asset in Carlsbad
6/10/20
San Diego-based SENTRE purchased Ocean Ridge, a 75.9k sf, Class A office building in Carlsbad. The property was sold by Denver-based real estate investment and operating company Miller Global Properties. Located at 5796 Arma...
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• Sorrento Mesa Life Science Property Sales Total $17 Mil
6/09/20
Weíve learned of four recent transactions totaling about $17 mil in San Diego to share with you. The properties are all located in the thriving life science submarket of Sorrento Mesa and all closed within a three-week period...
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• Sudberry Properties Completes The Hampton Inn & Suites by Hilton at Breakwater Town Center
6/05/20
The Hampton Inn & Suites by Hilton at Breakwater Town Center in San Diegoís Imperial Beach area has opened to the public. The newly constructed, 100-guestroom hotel is a development of Sudberry Properties. Located at 771 Palm...
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• Coastal Carlsbad Res Building Sells for $383k/Unit
6/02/20
Maple Polynesian Apartments, a 6-unit residential complex in Carlsbad, was purchased by LA Mer Properties LP for $2.3 mil ($383k/unit). The 3.6k sf property is located at 137 Maple Ave, just a few doors east of Carlsbad Blvd ...
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• Older Apartment Building in San Diegoís Pacific Beach Area Sells for $356k/Unit
5/29/20
An eight-unit complex in San Diegoís Pacific Beach neighborhood sold for $2.85 mil, or $356.3k/unit. The 5.3k sf property sits on a 6.2k sf lot located at 1524 Missouri St, north of Mission Bay roughly midway between I-5 and ...
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• Longfellow Real Estate Partners Closes Biz Park Buy in San Diegoís Sorrento Mesa Area
5/22/20
In a recent San Diego biz campus buy, Longfellow Real Estate Partners purchased Sorrento Tech campus in Sorrento Mesa for $39 mil. The property is comprised of three creative office/R&D buildings totaling more than 93.5k sf (...
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• Qualcomm Renews 144k sf San Diego Area Lease
5/21/20
Qualcomm has renewed its lease for the entire Sorrento Corporate Center, a 144k sf office campus located on nine acres at 9940 and 9950 Barnes Canyon Road in San Diego. Terms of the deal were not disclosed. Sorrento Corporat...
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• Escondido Dev Site Trades Hands
5/19/20
The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- a...
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