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• Longfellow Real Estate Partners Closes Biz Park Buy in San Diego’s Sorrento Mesa Area
5/22/20
In a recent San Diego biz campus buy, Longfellow Real Estate Partners purchased Sorrento Tech campus in Sorrento Mesa for $39 mil. The property is comprised of three creative office/R&D buildings totaling more than 93.5k sf (...
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• Qualcomm Renews 144k sf San Diego Area Lease
5/21/20
Qualcomm has renewed its lease for the entire Sorrento Corporate Center, a 144k sf office campus located on nine acres at 9940 and 9950 Barnes Canyon Road in San Diego. Terms of the deal were not disclosed.
Sorrento Corporat...
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• Escondido Dev Site Trades Hands
5/19/20
The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- a...
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• Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
5/11/20
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
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• Sorrento Mesa Building Trades in Sale/Partial Leaseback Deal
5/08/20
A 38k sf office building in Sorrento Mesa was purchased by local biotech company BPS Bioscience for $8.55 mil, or $225/sf. The building, located at 6405 Mira Mesa Blvd in the Central San Diego submarket, was sold by Vancouver...
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• Exchange Investor Pays $630/sf for San Diego Area Vons Store
5/07/20
A 44k sf Vons grocery store in San Diego was acquired by a Los Angeles-based private investor for $27.7 mil ($630/sf).
Located at 4145 30th St in the North Park neighborhood of San Diego, the building sits one half-mile wes...
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• Investor Pays over $400/sf for Five Guys Building in San Diego
5/07/20
A 4.5k sf retail building in San Diego’s Pacific Beach neighborhood sold for $1.9 mil ($422/sf). The building, located at 1020 Garnet Ave, is currently occupied by Five Guys.
Brian Pyke and Allison Campbell of Retail Insite...
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• Pain Management Group Buys San Diego Medical Office Property
5/06/20
In a recent medical office buy, an Orange County-based pain management group paid $6 mil for Richley Medical Plaza, a 25.6k sf ($234/sf) property in San Diego’s Midway District.
Located at 3434 Midway Drive, the two-story bu...
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• Investor Pays $242k/Unit for Escondido Res Property
5/06/20
A 39-unit apartment complex in Escondido sold for $9.46 mil, or $242.5k/unit. The 37.5k sf property is situated on a 114.6k sf lot at 1440 N. Broadway, north of El Norte Pkwy and east of I-15.
Built in 1978, the property co...
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• Sorrento Mesa Owner/User Building Purchase Comes in at $5.3 Mil
5/05/20
Oberlin Realty LLC acquired a 21.3k sf, office, flex, R&D building in Sorrento Mesa for $5.3 mil ($249/sf). The buyer plans to occupy the entire building, which it will utilize for its biotech business.
Located at 10179 Huen...
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• Calexico ALDI Ground Lease Purchased for $2.64 Mil
5/05/20
A NNN ground-lease for a single-tenant ALDI in Calexico, CA sold for $2.64 mil. The deal came in at a 5% cap rate.
Located at 2450 Rockwood Ave in Calexico, roughly two miles north of the Mexicali/Calexico border crossing, ...
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• San Diego Area Retail Center Trades in Deal Worth Over $13 Mil
5/05/20
Escondido Town & Country, a 70k sf, neighborhood shopping center in Escondido, sold for $13.25 mil, or $189/sf. Located at 1625 to 1665 East Valley Pkwy, east of I-15 and just south of Washington Ave, the asset was acquired b...
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• Dollinger Properties Spends $15.3 Mil on Its Fourth San Diego Area Acquisition over the Past 18 Months
4/29/20
Dollinger Properties closed on a San Diego-area office buy, paying $15.31 mil for Viewridge Business Park, a three-building, 72.8k sf ($210/sf) office park in Kearny Mesa.
Viewridge Business Park is situated on 3.7 acres at...
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• Casey Brown Companies Picks Up Two San Diego Office Buildings for $14.5 Mil
4/28/20
Casey Brown Companies spent $14.5 mil on a City Center office property in San Diego that consisted of two of the largest office buildings on El Cajon Blvd along with a four-story, 149-stall parking structure. The assets were ...
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• Full-Building Tenant Signing in San Diego was Fate
4/28/20
Fate Therapeutics has agreed to lease Scripps Northridge Corporate Center, a 200k sf life sciences campus in San Diego’s Sabre Springs area. Fate Therapeutics will be using the campus for its corporate headquarters, which is ...
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• Two San Diego R&D Buildings Sell for $3.5 Mil
4/23/20
Two San Diego-area R&D buildings totaling 12.6k sf of space traded in separate deals worth a total of $3.5 mil, or $278/sf. The properties are located at 5820 Oberlin Dr, east of I-805 and just south of Mira Mesa Blvd in the ...
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• Stos Partners Buys 113k sf Industrial / Cold Storage Facility in San Marcos
4/21/20
Stos Partners has acquired a 113.5k sf industrial and cold storage asset in San Marcos for $18.9 mil ($166.50/sf) in an off-market transaction. The property is located at 505 S. Pacific St, south of Rancho Santa Fe Rd off Hwy...
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• Escondido Res Property Fetches $34.7 Mil
4/21/20
Sage Apartments, a 137-unit multifamily property located in the North San Diego County city of Escondido, sold for $34.7 mil, or $253.3k/unit. The 86.7k sf property is located at 1920 and 1960 E. Grand Ave, east of Hwy 78 and...
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• Distillery Leases 48k sf San Diego Area Facility
4/20/20
Cutwater Spirits has leased a 48k sf, freestanding industrial building in San Diego’s Miramar neighborhood. The new space will provide additional storage for the company’s expanded focus on creating hand sanitizer and its exi...
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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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