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• Pathfinder Partners Awards Portfolio Management Contract to Sunrise Management
8/20/20
Pathfinder Partners has awarded the management assignment for eight San Diego multifamily communities to locally-based Sunrise Management. Sunrise will assume the leasing and day-to-day operations of the properties and assist...
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• Trio of Recent Leases Brings Office District at Liberty Station to Fully Leased
8/19/20
Three new office leases have been signed at Liberty Station, a mixed-use development in the Point Loma neighborhood of San Diego, on the site of the former Naval Training Center. The office district is now fully leased.
The...
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• National University’s HQ Campus in Torrey Pines Sells
8/19/20
Alexandria RE Equities has purchased The Pointe at Torrey Pines, a 139.1k sf office property in Torrey Pines currently home to the National University System and National University’s two-building headquarters. The price was ...
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• El Cajon Industrial Property Trades at 3.6% Cap Rate
8/13/20
A fully-leased, 27.8k sf industrial property in El Cajon sold for $3.39 mil ($122/sf). The deal came in at what we’re told is a record low cap rate for East San Diego of 3.6%.
The property is comprised of a 17k sf building ...
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• Architectural Services Firm AO Acquires Sunnyvale-Based WHL Architects
8/12/20
Architectural services firm AO has launched a new design studio, AO Science + Technology, following its acquisition of WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA...
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• San Diego R&D Building Seller in $2.7 Mil Deal was Just Blown Away
8/11/20
A local owner/user paid $2.7 mil for an 11.3k sf ($239/sf) R&D building in San Diego. The property, located at 7775 Arjons Dr, was acquired by SD Wood Cabinet. The seller was Just Blown Away Inc.
The property seller is retir...
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• Investor Exchanges into 13.5k sf Oceanside Single-Tenant Office Asset
8/11/20
A 13.5k sf, single-tenant office building in Oceanside was acquired by an Orange County-based, 1031 private buyer for $6.65 mil, or $493 per square foot. The asset, located at 2160 South El Camino Real, is 100% leased to the ...
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• Local Investor Buys Carlsbad Flex/Industrial Building in $11.6 Mil Deal
7/31/20
A 44.8k sf, a Class A flex industrial building in Carlsbad was purchased for $11.6 mil ($259/sf) by a local investor. The property, located at 1900 Aston, was sold by Diversified Properties.
The building was originally const...
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• LPC West and Crow Holdings Capital Pick Up 112k sf Chula Vista Industrial facility
7/29/20
A joint venture between LPC West and Crow Holdings Capital has acquired a 112k sf industrial building in Chula Vista, the second-largest city in the San Diego metropolitan area. The sale represents the first time the property...
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• Portfolio of Three NV and CA Res Properties Refinanced with Three Fannie Mae Loans
7/29/20
NorthMarq has arranged $31.05 mil in Fannie Mae refinanings on a portfolio of three multifamily properties located in Las Vegas, NV and Lakeside (San Diego), CA.
NorthMarq’s Gardiner Champlin and Marty Meagher arranged the ...
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• Badiee Development’s Latest Flex/Industrial Building is 70% Leased
7/27/20
Badiee Development recently completed construction of Carlsbad Innovate, a 50.2k sf, adaptive flex industrial building located at 2810 Caribou Court, Carlsbad, CA in the Carlsbad Oaks North Business Park. Since completion, th...
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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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