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• Murphy Development Completes Completes Work on Spec Industrial Facility in Otay Mesa
4/06/20
Murphy Development Company (MDC) has completed construction on the final building at The Campus at San Diego Business Park, a 137k sf spec industrial building on seven acres just north of the U.S. / Mexico border. The additio...
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• San Diego Res Portfolio Refinanced with $58.5 Mil Loan
4/03/20
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego.
The properties in the portfolio are located in and ...
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• Alphatec Spine Inc Leases 121k sf Carlsbad Facility
4/01/20
Alphatec Spine Inc (ATEC) leased the entire 121.5k sf building located at 1950 Camino Vida Roble in the heart of the Carlsbad technology corridor. The two-story structure will house state-of-the-art research and development, ...
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• Universe Holdings Adds 110-Unit La Mesa Res Asset to Its Growing Portfolio in the Area
4/01/20
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the San Diego submarket of La Mesa, for $34.45 mil, or $313.2k/unit. Built in 1971, Serena Vista is located at 5810 Amaya Dr, north of I-8 and eas...
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• Owner/User Pays $256/sf for National City Property
3/31/20
A 6.2k sf retail and warehouse building located in San Diego County’s National City sold for $1.585 mil, or $256 per square foot. The 1986-construction property is located on a 13.5k sf parcel at 712 E 18th St. It features 15...
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• Otay Mesa Res Dev Site Sells for $14.4 Mil
3/31/20
ColRich has purchased Airway Gardens, a 13.1-acre multifamily development site in Otay Mesa, for $14.4 mil. The property was sold by Airway Gardens Corporation, an entity managed by San Diego-based real estate development fir...
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• Private Investor Picks Up 30k sf Medical Office Building in San Diego’s Miramar Area
3/20/20
A high-net-worth, private buyer purchased a 30.6k sf, medical office building in San Diego’s Miramar area for $5.3 mil ($173/sf). It was sold by San Diego-based investment group Equinvests Capital.
Located at 9606 and 9636 T...
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• Historic Building in San Diego’s Gaslamp District Acquired to be Converted into Residential over Commercial Space
3/19/20
A three-story, 7.5k sf commercial building in Downtown San Diego’s Gaslamp District sold for $1.85 mil, or $247/sf. The buyer, Evan Rundle, plans to convert the building for residential use with ground floor commercial.
The...
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• Escondido Industrial Buildings Sell for Over $200/sf
3/17/20
Two freestanding industrial buildings totaling15.5k sf of space in North San Diego County sold for a combined price of $3.25 mil. The properties are located at 2222 Meyers Ave and 670 Opper St in Escondido.
Horizon Lighting...
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• El Cajon Skilled Nursing Complex Goes for $3.75 Mil
3/16/20
An 11k sf, two-building skilled nursing complex in El Cajon sold for $3.75 mil ($341/sf). Together, the buildings contain 47 beds and are located on a more than three-acre parcel in East San Diego County.
The property is loc...
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• San Diego Caliber Collision Property Trades at a 5% Cap Rate
3/16/20
A single-tenant, two-building property in San Diego occupied by Caliber Collision sold for $3.625 mil. The 14.2k sf property covers just under one acre at 7025 Manya Circle and 170 Hollister St, east of I-5 and just south of ...
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• Corner Site in San Diego’s Little Italy Sells for Over $5 Mil
3/11/20
Icon Properties paid $5.15 mil for a 10k sf parcel in San Diego’s Little Italy neighborhood. The site is a prime corner location at 2102 India St. Icon plans to develop an upscale apartment community on the site.
Donald Hil...
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• Harbor Associates Pays $34 Mil for Carlsbad Office Park
3/10/20
Long Beach-based Harbor Associates has acquired Cornerstone Corporate Center, a 177.9k sf, Class A office park in Carlsbad, for $34.2 mil ($192/sf). The multi-tenant, multi-building asset was sold by Salt Lake City-based Wasa...
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• El Cajon Office Building Sells for $345/sf
3/10/20
Grossmont Summit, a 16.1k sf, medical office building in El Cajon, was acquired by a local medical group for $5.55 mil ($345/sf). The seller was a private investor.
Located at 1380 El Cajon Blvd, Grossmont Summit is a two-st...
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• Westcore Properties Raises $150 Mil Equity Facility
3/04/20
San Diego-based Westcore Properties has raised $150 mil in equity money through an institutional investor. Westcore, an industrial real estate firm, will use the facility along with third party debt to increase their buying c...
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• Tech Industry Plays Major Role in San Diego’s Office Market
3/03/20
The San Diego office of Cushman & Wakefield has just published a new report entitled Tech Industry’s Impact on San Diego’s Office Market, as of February 2020. This local report provides considerable analysis into many aspects...
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• Stos Partners and Long Wharf Capital Make $11 Mil Industrial Buy in San Diego
2/28/20
A joint venture between Stos Partners and Boston-based private equity firm Long Wharf Capital has acquired a 55k sf industrial asset in San Diego’s Miramar submarket in an $11 mil ($200/sf) off-market transaction. The propert...
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• Escondido Retail Asst Trades for $344/sf
2/27/20
A 7.5k sf, AutoZone-anchored retail building in Escondido sold for $2.58 mil ($344/sf). Built in 1986, the property is located at 440 West Felicita Ave, east of I-15 at Centre City Pkwy.
The retail center was 100% leased to ...
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• San Diego Area Office Building Bought for Over $4 Mil
2/26/20
A free-standing, 19.6k sf office building in San Diego’s Rancho Bernardo area sold for $4.25 mil ($217/sf). The two-story building, located at 17085 Camino San Bernardo, near abundant retail amenities, residential homes and s...
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• Commercial Property in San Diego’s East Village Trades for $370/sf
2/26/20
JCKL Partners LLC has purchased The Pac Lofts Building, a 20k sf commercial building in San Diego’s popular East Village area for $7.4 mil ($370/sf). The property is located at 701 Island Ave, at the corner of Seventh Ave and...
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