| LPC West and an Affiliate of Cerberus Capital Management Buy 30 Acres in Oceanside
A venture between LPC West and an affiliate of Cerberus Capital Management, L.P.has acquired nearly 30 acres in Oceanside, with plans to develop a modern industrial campus. LPC West is the west coast arm of national real est...
| Trio of SoCal Retail Acquisitions Financed with $19.9 Mil in Loans
Three SoCal retail assets totaling roughly 76k sf in size were acquired by an L.A.-based investment entity. Although we donít have the purchase price, we can tell you that the transaction was financed with three individual pr...
| Eight-Unit Apartment Property in San Diegoís Pacific Beach Goes for $361k/Unit
The Thomas Avenue Apartments, an eight-unit residential complex in San Diego, sold for $2.885 mil ($361k/unit). The 5.7k sf property is situated on a 6.5k sf lot at 2121 Thomas Ave in Pacific Beach.
The Thomas Avenue Apartme...
| Law Firm Spends Over $3 Mil on Sorrento Mesa Office Building
A 13.7k sf office building in San Diegoís Sorrento Mesa area traded for $3.15 mil, or $230/sf. The property is located at 9565 Waples St, with access to the 5 and 805 freeways.
The property was purchased by Renda Law Offices...
| The Appliance Outlet Opens Second SoCal Outlet
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 ...
| Rexford Industrial Realty Completes Two SoCal Buys for $14.7 Mil
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...
| Two San Diego Mixed-Use Projects Trade in $45 Mil Transaction
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...
| Draftsmen & Craftsmen
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...
| Alexandria Real Estate Equities Picks Up San Diego Flex/R&D Building for $17 Mil
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...
| Nationís Hotels Expected to See Full Demand Recovery by Late 2022
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...
| El Cajon Multifamily Property Trades in $16 Mil Deal
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...
| Freestanding Building in the Heart of Village of Rancho Santa Fe Sells for $3.2 Mil
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...
| Pacific Beach Apartment Building Goes for $662k/Unit
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...
| SoCal Investors Trade 33-Unit Res Asset in El Cajon
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...
| Providence Capital Group Makes $8.25 Mil Industrial Acquisition in Escondido
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...
| Carlsbad Industrial Asset Sold for $44 Mil
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...
| SENTRE Buys 75k sf Office Asset in Carlsbad
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...
| Sorrento Mesa Life Science Property Sales Total $17 Mil
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...
| Sudberry Properties Completes The Hampton Inn & Suites by Hilton at Breakwater Town Center
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...
| Coastal Carlsbad Res Building Sells for $383k/Unit
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 ...