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December 3, 2023
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• San Diego Union Completes Exchange Transactions Totaling $6.58 Mil
UNITE Here Local 30 recently completed two transactions making up a 1031 exchange in San Diego’s Bankers Hill and Sherman Heights neighborhoods. Local 30 is the hotel and hospitality workers’ union in San Diego, representing ...
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• Carlsbad Creative Office Campus Listed for Sale
A two-building, 53.2k sf creative office campus in Carlsbad has just been put on the market. The property, lift, was constructed in 2019 and is a mixed-use, office and retail project in the heart of San Diego’s North County. ...
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• Retail Asset in San Diego’s Imperial Beach Sells for $764/sf
A 15.9k sf retail center consisting of four fully occupied, freestanding, triple-net-leased outparcel pads in the San Diego-area community of Imperial Beach, sold for $12.15 mil ($764/sf). The property is part of Breakwater T...
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• Mark Your Calendars => March 19 is RENTV's Annual San Diego State of the Market Conference
Find out what to expect in the coming year from San Diego's active office, industrial, retail and multifamily commercial real estate markets as many of the industry's leading experts in the region offer their indepth insight...
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• La Jolla Apartment Building Sells for $387k/Unit
In a multifamily sale comp from La Jolla, a private investor paid $3.1 mil for an eight-unit ($387.5k/unit) apartment community. Located at 7342 Girard Ave, the 4k sf property was originally built in 1954 and is comprised of ...
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• Sorrento Mesa Office Building Purchased for Over $4 Mil by Private Investor
An 18.8k sf office building in Sorrento Mesa sold for $4.05 mil ($215/sf). Located at 4920 Carroll Canyon Rd, the building sits on a one-acre lot and was originally built in 1986. The two-story property, which features floo...
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• Sea Breeze Properties Starts Work on Torrey Highlands Mixed-User
Sea Breeze Properties has broken ground on MERGE 56, a 40-acre mixed-use development in San Diego’s Torrey Highlands area. Adjacent to State Route 56 at Camino Del Sur, MERGE 56 will be comprised of approximately 450k sf of C...
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• Mixed-Use Project in San Diego’s Hillcrest Neighborhood Gets Financing
Hillcrest 111, a seven-story, mixed-use project to be built in San Diego’s Hillcrest neighborhood, has been provided $43 mil in construction financing. The project, a development of a joint venture between Greystar and Cigna ...
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• San Diego Office Campus Refinanced with $111 Mil Loan
Swift Real Estate Partners has secured new financing on its Rancho Vista Corporate Center, an 817k sf, office/R&D campus in San Diego. The $111.5 mil refi loan was arranged by CBRE Capital Markets’ Debt & Structured Finance g...
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• La Jolla Village Retail Building Goes for $1,889/sf
An 8.1k sf, freestanding retail building in La Jolla Village sold for $15.3 mil, or $1,889/sf. The multi-tenant property sits on 0.34 acres at 1133-1147 Prospect St, within a prominent core area of La Jolla. Located at the c...
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• Cabot Properties Makes El Cajon Industrial Buy
Cabot Properties, a Boston-based private equity commercial real estate investment firm, purchased a 150.2k sf industrial building in El Cajon for $15.9 mil, or $106/sf. Located at 2025 Gillespie Way, the property was original...
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• NoCal Investor Pays $756/sf for San Diego Area Retail Center
A NoCal-based private investor paid $9 mil for Sorrento Plaza, a fully occupied, 11.9k sf ($756/sf) shopping center in the Sorrento Valley submarket of San Diego. The 100% occupied property includes Subway, Rubio’s Coastal Gr...
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• San Marcos Office Building Trades in $7 Mil Deal
Via Vera Cruz Office Park, a two-story, 32.7k sf office building in San Marcos, was purchased by Windsor Projects Inc in a $7.07 mil ($216/sf) transaction. The multi-tenant building was sold by LaMont Revocable Trust, who had...
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• Stockdale Capital Partners and Macy’s Work Out Agreement Over Redevelopment of Horton Plaza Mall in San Diego
Stockdale Capital Partners has reached an agreement with Macy’s regarding redevelopment of the existing Horton Plaza Mall in Downtown San Diego. Stockdale will continue with its redevelopment plans to transform the nearly vac...
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• A Stos Partners Venture Spends $26.5 Mil on Parking Lot Near the Port of San Diego
Stos Partners, in conjunction with an institutional partner, has acquired a 5.8-acre parking lot land site near the Port of San Diego. The site was by a private entity in a deal worth $26.47 mil. Located directly under the C...
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• Mortuary Service Finds $2.5 Mil San Diego Industrial Buy They Couldn’t Live Without
Bravo Family Care LLC, based out of San Diego, paid $2.5 mil for a 15.7k sf ($159/sf) industrial building in San Diego. The property, located at 4427 Rainier Ave, was sold by Eden West Properties LLC. The buyer plans to comp...
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• RPG Picks Up Office Building in Encinitas’ Pacific Station
San Diego-based RPG paid $5.9 mil for a 9.7k sf office building at Pacific Station in Encinitas, where the firm already owns a large retail and restaurant section of the 100k sf mixed use center. The building is located at 68...
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• Res Property in San Diego’s Ocean Beach Trades for Over $18 Mil
A 60-unit multifamily complex in San Diego’s Ocean Beach sold for $18.275 mil, or $304.5k/unit. The 52k sf property sits on a 45.3k sf lot at 4464 Castelar St, west of Nimitz Blvd and south of Point Loma Blvd. The asset is c...
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• Pathfinder Partners Buys 60-Unit Res Property in Phoenix
Park Paloma – a 60-unit apartment community just south of the Lower Arcadia neighborhood in Phoenix, was acquired for $8.4 mil ($140k/unit) by San Diego-based Pathfinder Partners. Constructed in 1973, the property is located ...
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• Oceanside Transit Center redevelopment project being marketed for bids by interested developers
North County Transit District (NCTD) in San Diego County has posted a request for proposals (RFP) for the redevelopment of Oceanside Transit Center, a future mixed-use project in downtown Oceanside. This is an opportunity to ...
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