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• El Cajon Multifamily Property Goes for $19 Mil
11/06/20
Villa Grande Apartments, a 110-unit multi-family property in East San Diego County’s El Cajon neighborhood, sold for $19 mil, or $173k/unit. The Villa Grande Apartments, which totals 64.9k sf of buildings on a 4.55-acre parce...
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• San Diego Apartment Property Sells for $242k/Unit
11/05/20
Golden Heights Terrace, a 27-unit multifamily property in San Diego’s Grant Hill/Logan Heights submarket, sold for $6.525 mil ($242k/unit). The property, located at 525-565 28th St, was sold by Golden Heights Partner Group LL...
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• Renovation Completed at Creative Office Project in Rancho Bernardo
11/04/20
SENTRE completed the renovation of Mosaic, a 60.3k sf Creative Office building in San Diego’s Rancho Bernardo area. Located at 15822 Bernardo Center Dr, Mosaic offers move in ready options for office tenants seeking modern sp...
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• Seattle Construction Firm Buys 16k sf Industrial Building in Kearny Mesa
10/30/20
Seattle-based construction company BNBuilders paid $4.33 mil for a 16.4k sf ($264/sf) industrial building in Kearny Mesa. The asset was sold by Wholesale Property Co, operating as Winsupply, one of the nation’s largest wholes...
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• Nakhshab Development & Design Obtains Refi Loan on San Diego Res Project
10/29/20
Nakhshab Development & Design (NDD) has secured a $10.25 mil refi loan for Truax Lofts and Truax House, a newly constructed, 36-unit, modern residential community built with eco-friendly materials in San Diego’s Bankers Hill ...
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• Cold Storage Facility in Otay Mesa Goes for $148/sf
10/28/20
A private investor acquired a 56.3k sf, cold storage industrial facility in San Diego’s Otay Mesa submarket for $8.335 mil, or $148/sf. The property is located at 9925 Airway Rd, just north of the United States/Mexico border....
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• San Diego Res Community Traded in $107 Mil Transaction
10/26/20
Agave Ridge, a 369-unit townhome community in San Diego’s Kearny Mesa neighborhood, was acquired by San Francisco-based Prime Residential in a transaction worth $107 mil ($290k/unit). The asset was sold by Goldrich & Kest, ou...
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• San Diego Unified School District Begins Work on $55 Mil K-5 Elementary School
10/26/20
The (SDUSD) has started construction on a $55 mil, K-5 elementary school located in the Mission Valley area of San Diego. The 77.3k sf school will be technology-oriented and accommodate up to 500 students and supporting staff...
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• Pandemic Stokes Already Robust Demand for Real Estate in the Life Sciences Sector
10/22/20
This report was provided by real estate services firm CBRE
The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine and develop other medicines for hu...
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• Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
10/20/20
An unnamed, high-net-worth investor has obtained $28.3 mil in financing for the purchase of two SoCal properties, one a medical office building in Tustin, and the other an industrial property in San Diego. The assets had a co...
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• Office Demand in San Diego Faces Significant Decline Amid COVID Pandemic
10/19/20
This report was provided by the San Diego region office of real estate services firm Colliers International
Written by:
Christopher Reutz
Research Director | San Diego Region
Colliers International
Behind the Numbers
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• Renovated Industrial Facility in San Diego Gets New Owner
10/16/20
Padma Laxmi LLC purchased an 85.8k sf industrial asset in central San Diego. The fully leased, single-tenant facility was sold by CapRock Partners for an undisclosed price.
CapRock Partners had recently completed an extensi...
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• Private Investor Spends $7.5 Mil on Renovated Industrial Asset in Miramar
10/14/20
A 27.5k sf industrial asset in Miramar has traded hands in a recent $7.525 mil ($274/sf) transaction. The property is located at 8330 Arjons Dr, west of I-15 and just north of Miramar Rd.
The asset was sold by Stos Partners,...
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• Unilev Capital Spends $13.5 Mil on Industrial Property in National City
10/06/20
Unilev Capital recently closed on the $13.5 mil purchase of a 78.7k sf ($172/sf), multi-tenant industrial property in National City as part of a 1031 exchange. Located at 131 W. 33rd St, the property was originally built in 1...
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• High Net-Worth Investor Buys Scripps Ranch Industrial Facility
10/05/20
An 85.8k sf, freestanding industrial property in the Scripps Ranch area of San Diego has traded hands. The Class A facility, situated on a 5.4-acre site at 10054 Old Grove Rd, is currently fully leased by Manscaped, which cre...
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• IQHQ Acquires Waterfront Dev Site in Downtown San Diego
10/01/20
Manchester Pacific Gateway, a future waterfront development site located in Downtown San Diego, California was acquired by IQHQ, a leading life sciences real estate development company, which plans to build Downtown San Diego...
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• San Diego Padres Venture with Tishman Speyer and Ascendant Capital Partners the Winning Bidder to Transform Tailgate Park
9/28/20
The San Diego Padres development team, which includes partners Tishman Speyer and Ascendant Capital Partners, has won the competitive bidding process to transform Tailgate Park in downtown San Diego into a vibrant, mixed-use ...
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• 600k sf San Diego Industrial Facility Hits the Market
9/23/20
We’ve learned of a large, 601.4k sf, multi-tenant industrial building in San Diego that has hit the market. The property, situated on over 31 acres at 2020 Piper Ranch Rd in Otay Mesa, has been listed by an entity of Morgan S...
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• R&V Management Buys 129-Res Property in San Diego’s Downtown Area
9/21/20
An affiliate of San Diego-based R&V Management has acquired AV8, a 129-unit multifamily property in the city’s Little Italy neighborhood. The purchase was financed with a loan of $43 mil.
Located at 2175 Kettner, AV8 was ori...
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• Sunrise Management Awarded Management Assignment for Historic San Diego Mixed-Use Properties
9/21/20
San Diego-based Sunrise Management has taken over day-to-day management of Park + Polk and The Fort – two high profile urban San Diego mixed-use projects that were purchased by A.L. Group LLC for $45.08 mil earlier this summe...
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