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• Office Building in San Diego’s Little Italy Neighborhood Gets New Owner in $2.275 Mil Deal
7/24/20
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.
Bud ...
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• Invesco Real Estate and Baranof Holdings Pick Up San Diego Self-Storage Property
7/23/20
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...
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• BLT Enterprises in a Create-ive Mood with $40 Mil Carlsbad Acquisition
7/09/20
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...
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• Cooley Signs Lease for 74k sf at The Boardwalk in Torrey Pines
7/08/20
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...
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• LPC West and an Affiliate of Cerberus Capital Management Buy 30 Acres in Oceanside
7/07/20
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...
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• Trio of SoCal Retail Acquisitions Financed with $19.9 Mil in Loans
7/07/20
Three SoCal retail assets totaling roughly 76k sf in size were acquired by an L.A.-based investment entity. Although we don’t have the purchase price, we can tell you that the transaction was financed with three individual pr...
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• Eight-Unit Apartment Property in San Diego’s Pacific Beach Goes for $361k/Unit
6/30/20
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...
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• Law Firm Spends Over $3 Mil on Sorrento Mesa Office Building
6/30/20
A 13.7k sf office building in San Diego’s 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...
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• The Appliance Outlet Opens Second SoCal Outlet
6/29/20
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 ...
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• Rexford Industrial Realty Completes Two SoCal Buys for $14.7 Mil
6/23/20
Rexford Industrial Realty Inc has boosted its industrial portfolio with the recent acquisitions of two SoCal assets in deals totaling $14.7 mil. The firm’s newest properties are located in Yorba Linda and San Diego. The acqu...
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• Two San Diego Mixed-Use Projects Trade in $45 Mil Transaction
6/22/20
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...
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• Draftsmen & Craftsmen
6/19/20
CBRE’s 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...
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• Alexandria Real Estate Equities Picks Up San Diego Flex/R&D Building for $17 Mil
6/18/20
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...
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• Nation’s Hotels Expected to See Full Demand Recovery by Late 2022
6/18/20
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 nation’s hotels will benefit from what is expected to...
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• El Cajon Multifamily Property Trades in $16 Mil Deal
6/18/20
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...
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• Freestanding Building in the Heart of Village of Rancho Santa Fe Sells for $3.2 Mil
6/17/20
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...
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• Pacific Beach Apartment Building Goes for $662k/Unit
6/16/20
A four-unit apartment property in San Diego’s 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...
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• SoCal Investors Trade 33-Unit Res Asset in El Cajon
6/15/20
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...
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• Providence Capital Group Makes $8.25 Mil Industrial Acquisition in Escondido
6/15/20
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...
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• Carlsbad Industrial Asset Sold for $44 Mil
6/12/20
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...
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