| Recent Signings Bring San Diego Office Complex to 95% Leased
New leases with six companies have brought Old Town Plaza, a two-building, 65k sf office park in the Old Town area of San Diego, to 95% leased. The asset, located at 2251 San Diego Ave, is owned by Casey Brown Company.
| Downtown San Diego Industrial Building Trades between Owner/Users
A 17.8k sf, industrial building near downtown San Diego was acquired for $3.61 mil ($203/sf) by Inline Distributing Company, a construction supply company. It was sold by Padres Janitorial Supplies, a San-Diego-based cleaning...
| Regal Cinemas Agrees to New 10-Plex at Oceanside Retail Center
Regal Cinemas has agreed to open a new 40k sf, 10-plex theater at NewMark Merrill’s Mission Marketplace, a 348.3k sf retail center in Oceanside. The center is located at 427 College Blvd, at the northwest corner with State Ro...
| $20 Mil Renovation Completed at Sorrento Mesa Life Science Campus
BioScience Properties has completed a $20 mil renovation of TEN770, a 183.6k sf, Class A Life Science campus in San Diego’s Sorrento Mesa area. TEN770, located at 10770 Wateridge Circle, was 60% preleased prior to constructio...
| Dollinger Properties Buys $23 Mil Biz Park in San Diego’s Scripps Ranch Submarket
In a recent investment buy out of San Diego’s Scripps Ranch submarket, Dollinger Properties paid $23.2 mil for Scripps Ranch Business Park, a 94.3k sf ($246/sf), fully leased R&D/industrial park. The asset was sold by a partn...
| Carlsbad Creative R&D Campus Trades for $23 Mil
Element, a multi-building 83.2k sf campus in Carlsbad has sold for $23.1 mil, or $278/sf. The property was 100% leased to seven tenants at the time of sale.
Element consists of three buildings located at 2232, 2234 and 2236 ...
| San Diego Area Res Property Comps at $232k/Unit
Hollister Creek Village Apartments, a 46-unit multifamily property in Nestor, CA, was acquired for $10.7 mil ($232.6k/unit) by Equity Four Properties LLC, a subsidiary of Viewpoint Equities Inc. The buyer assumed an existing ...
| Investor Exchanges into $9.17 Mil Carlsbad Industrial Property
An unidentified 1031 exchange investor paid $9.17 mil for a 34.3k sf ($267/sf), freestanding flex industrial property in Carlsbad. Located at 2251 Rutherford Rd, the building has recently been renovated and transformed into a...
| Santee Industrial Property Sells for $133/sf
A two-building, 36.3k sf industrial property in Santee was acquired by San Diego-based Pearl and Herschel LLC in a $4.85 mil ($133/sf) deal. The property sits on a 2.12-acre parcel at 8745-8747 N. Magnolia Ave, in the northwe...
| SENTRE Buys 60k sf San Diego Area Office Property
SENTRE purchased West Bernardo Corporate Center, a 60.3k sf office building in Rancho Bernardo. Located at 15822 Bernardo Center Dr, the freestanding building was originally built in 1985 and underwent a significant renovatio...
| ZTELCO Buys 8k sf HQ Facility in Poway
ZTelco, a fast-growing phone and internet service provider, has acquired a freestanding 8.8k sf building in Poway for $2 mil, or $227/sf. ZTelco will use the property, located at 12585 Kirkham Rd, as its new headquarters.
| 15.7-Acre Development Site in Del Mar Heights Purchased for $70 Mil by Gemdale USA Corporation and Lincoln Property Company
Aperture Del Mar, a a 15.72-acre, fully-entitled, infill development opportunity located in the coastal, highly affluent and amenity-oriented Del Mar Heights submarket of San Diego, was acquired by a partnership of Gemdale US...
| Rexford Industrial Realty Buys One SoCal Property and Sells Another
Rexford Industrial Realty has acquired one SoCal industrial property for $8 mil, while selling another for $11.2 mil. The acquisition was funded using cash on hand.
In the acquisition, the company purchased 8985 Crestmar Poi...
| GH Palmer Associates Buys San Diego-Area Development Land
A GH Palmer Associates affiliate has acquired four parcels of land totaling 22.69 acres in San Diego’s Mission Gorge area. The property is entitled for the development of 996 new residential units. Entitlements also call for ...
| Carlsbad Medical Office Building Goes for $758/sf
A freestanding, 6.4k sf medical office building in Carlsbad sold for $4.85 mil, or $758/sf. Located at 2020 Cassia Rd, the building is currently divided into three suites, each with their own exterior entrance. The building i...
| Commercial Real Estate Financing Briefs
JLL - Aldon Cole and Daniel Pinkus with JLL have arranged $57.5 mil in financing for Latitude 37, a two-phase, 172-unit luxury mid-rise apartment community in South San Jose. Latitude 37 is located on three acres at 1255 and ...
| AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
| SENTRE Spends $19 Mil on San Marcos Retail Asset
San Marcos Village, a 96.6k sf, grocery/discount-anchored neighborhood center in San Marcos, Was acquired by San Diego-based SENTRE Inc in a $19.25 mil ($199/sf) transaction. At the time of sale, the property was 92% leased t...
| Virtus Real Estate Capital Makes $20 Mil San Diego Area Office Buy
Virtus Real Estate Capital purchased Sunroad Plaza, a 71.9k sf office campus in San Diego’s Rancho Bernardo area, for $19.9 mil, or $277/sf. The two-building complex, located at 11770 Bernardo Plaza Ct, was sold by Sunroad En...
| Avison Young Acquires San Diego-Based McKinney Advisory Group Inc
Avison Young has acquired San Diego-based brokerage and property management firm McKinney Advisory Group Inc. The purchase represents Avison Young’s first acquisition in San Diego and further expands the company’s full-servic...