| San Diego Area Office Building Trades in $20 Mil Deal
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.
| Plastic Surgeon Pays Over $500/sf for San Diego Office Building
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...
| McDonalds and Union 76 Assets in San Diego’s Pacific Beach Fetch $8 Mil
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 ...
| Three Ground Leases in Sorrento Mesa Sell for $41.5 Mil
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.
| Carlsbad Office Building Sells for $160/sf
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 ...
| Pathfinder Partners Awards Portfolio Management Contract to Sunrise Management
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...
| Trio of Recent Leases Brings Office District at Liberty Station to Fully Leased
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.
| National University’s HQ Campus in Torrey Pines Sells
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 ...
| El Cajon Industrial Property Trades at 3.6% Cap Rate
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 ...
| Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
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...
| San Diego R&D Building Seller in $2.7 Mil Deal was Just Blown Away
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...
| Investor Exchanges into 13.5k sf Oceanside Single-Tenant Office Asset
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 ...
| Local Investor Buys Carlsbad Flex/Industrial Building in $11.6 Mil Deal
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...
| LPC West and Crow Holdings Capital Pick Up 112k sf Chula Vista Industrial facility
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...
| Portfolio of Three NV and CA Res Properties Refinanced with Three Fannie Mae Loans
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 ...
| Badiee Development’s Latest Flex/Industrial Building is 70% Leased
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...
| Office Building in San Diego’s Little Italy Neighborhood Gets New Owner in $2.275 Mil Deal
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.
| Invesco Real Estate and Baranof Holdings Pick Up San Diego Self-Storage Property
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...
| BLT Enterprises in a Create-ive Mood with $40 Mil Carlsbad Acquisition
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...
| Cooley Signs Lease for 74k sf at The Boardwalk in Torrey Pines
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...