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• Res/Retail Building in San Diego’s Gaslamp District Sells for $4.7 Mil
3/10/21
A residential and retail building in Downtown San Diego’s Gaslamp District traded hands in a recent $4.725 mil deal. Located at 728 Market St, the building includes 18 residential apartments and two retail suites.
Victor Kre...
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• Murphy Development Company Starts Work on Two San Diego Area Spec Industrial Buildings
3/09/21
Murphy Development Company (MDC) has started construction of two spec industrial buildings at Brown Field Technology Park (BFTP), a 52-acre corporate industrial and office park that flanks SR-905 at the Britannia Blvd on/off ...
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• Monarch Group Locks Up $57 Mil Financing on Newly Constructed Multifamily Property in Vista
3/09/21
Monarch Group has secured a take-out loan of $57.25 mil on Monarch Buena Vista, a newly constructed, 179-unit multifamily community in Vista. The financing, was provided by Square Mile Capital Management LLC and replaces the ...
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• Commercial Financing Briefs
3/03/21
SQUARE MILE CAPITAL - JPI Companies has secured a $69.75 mil loan on its JPI Pacific Beach property, a 172-unit multifamily asset in San Diego’s Pacific Beach submarket. The loan was provided by Square Mile Capital and will r...
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• Courtyard San Diego Downtown Hotel sells for $64.5 Mil
3/01/21
The Courtyard San Diego Downtown, a 245-key hotel located in Downtown San Diego, traded hands in a $64.5 mil ($263.3k/key) transaction. The asset was sold by Hersha Hospitality Trust.
The historic Courtyard San Diego Downtow...
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• San Diego Apartment Comp Comes in at $220k per Unit
2/23/21
In a recent multifamily comp from San Diego, a 13-unit property in the city’s Ramona neighborhood sold for $2.64 mil, or $220k per unit. The 12.8k sf property sits on an 18k sf lot located at 733 B St.
Built in 1987, the pro...
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• LPC West and Alcion Ventures Buy 87k sf Industrial Building Near U.S. / Mexico Border
2/22/21
LPC West and Alcion Ventures have acquired 7615 Siempre Viva Road, an 86.7k sf industrial building in South San Diego, just north of the Otay Mesa Port of Entry at the U.S.-Mexico border. LPC West is the West Coast arm of nat...
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• EverWest Advisors Makes $25 Mil Corp HQ Buy in Carlsbad
2/17/21
Denver-based EverWest Advisors completed the $25.25 mil acquisition of a 74.8k sf ($338/sf), Class A industrial distribution and corporate headquarters facility in Carlsbad. Located at 3209 Lionshead Ave, the property is full...
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• Multifamily Trade from SoCal’s Imperial County Goes for $109k/Unit
2/17/21
In a recent multifamily sale from SoCal’s Imperial County, the majority of Brawley Park Imperial Townhomes, a townhome-style multifamily community in Brawley, traded for $4.46 mil.
Located at 650 N. Imperial Ave, the propert...
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• 2020 Year-End Look at San Diego’s Medical Office Market
2/16/21
This report was provided by Joe Zurek, Senior Associate at the San Diego office of Cushman & Wakefield
MARKET HIGHLIGHTS
SUPPLY AND DEMAND: Resiliency in a Pandemic
At the end of Q4 2020, San Diego’s medical office direc...
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• JPI Locks in $70 Mil Refi on Res Community in San Diego’s Pacific Beach
2/16/21
Here’s news of a notable multifamily financing deal out of San Diego’s Pacific Beach neighborhood. JPI, a Texas-based multifamily investment and development firm, has obtained a $69.75 mil refi loan on Jefferson Pacific Beach...
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• IHP Capital Partners Buys Escondido Land for Townhome Project
2/09/21
In development news out of Escondido, IHP CapitalPartners acquired 4.9 acres of unimproved land for construction of 113 three-story townhomes. IHP partnered with California West Communities, a San Diego-based residential land...
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• Santee Industrial Asset Trades for Record $250/sf
2/09/21
Two newly constructed industrial buildings totaling 20k sf in Santee were purchased for $5 mil by a high net-worth, 1031-exchange buyer based in Los Angeles. We’re told the sale represents a record for San Diego's East County...
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• Urban Infill Project in San Diego’s Golden Hill Neighborhood Offers 36 Units of Workforce Housing
2/05/21
Construction on Buzz Golden Hill, a $9 mil, 24k sf urban infill mixed-use project in San Diego’s Golden Hill neighborhood, was just completed last month. The project, developed by Alexander Alemany of Hub & Spoke Communities ...
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• Carlsbad R&D Facility Trades for $200/sf
2/04/21
A 128.7k sf R&D and manufacturing facility in Carlsbad traded for $25.75 mil ($200/sf). The property, located at 2285 Rutherford Rd, was originally built in 1990 as part of the Carlsbad Research Center.
The two-story buildi...
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• Escondido Multifamily Traded for $3.4 Mil
2/03/21
A 15-unit multifamily property in the North San Diego County city of Escondido sold for $3.395 mil ($226k/unit). The 9.5k sf building is comprised of all one-bedroom/one-bathroom units.
The completely renovated property is l...
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• Solana Beach Office/Retail Property Sold in Off-Market Deal Worth almost $11 Mil
2/01/21
Cedros Executive Plaza, a 25k sf, multi-tenant office and retail building in Solana Beach, sold for $10.9 mil ($436/sf) in an off-market deal. The property sits on 1.14 acres at 308-312 S Cedros Ave, south of Encinitas in nor...
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• San Diego MOB Deal is Worth Over $17 Mil
1/27/21
A 22.5k sf, four-story medical office building in San Diego sold for $17.15 mil ($762/sf). The property, 4th & Lewis, is located at 330 Lewis St, south of I-8 and just west of the 163 Fwy.
A publicly traded, healthcare real ...
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• Torrey Hills Medical Plaza Trades for $785/sf
1/19/21
Torrey Hills Medical Plaza, a 47.6k sf, Class A medical office building and attached parking garage in San Diego, has sold for $37.35 mil ($785/sf) in a year-end deal. The asset was acquired by a publicly traded real estate i...
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• Phelan Development Buys 25-Acre San Diego Parcel
1/15/21
Phelan Development has paid $11.5 mil for a 25-acre parcel of land in San Diego. The land is expected to receive full entitlements in the first quarter of 2021 with construction slated to commence in the second quarter of 202...
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