| Rexford Industrial Realty Spends $84 Mil on Four SoCal Assets
Rexford Industrial Realty Inc recently acquired four SoCal industrial properties in deals totaling $84.5 mil. The acquisitions were funded using cash on hand.
According to comments from the company, this acquisition of over ...
| Fully Leased Office Building in San Diego Sells for $220/sf
A private investor purchased Cornerstone Office Center, a 43.2k sf office building in San Diego’s Sorrento Mesa area, for $9.5 mil ($220/sf). The three-story, Class B building was 100% leased at the time of sale. It is anchor...
| Office Campus in San Diego’s Kearny Mesa Area Goes for $40 Mil
Washington Capital Management, on behalf of a client, acquired Spectrum Corporate Plaza, a 129.1k sf office campus in San Diego’s Kearny Mesa area, for $39.8 mil ($308/sf).
Located at 9242 and 9246 Lightwave Ave, the campus...
| Stockdale Partners Waiting for Approval for Redevelopment of Retail Space in Downtown San Diego
Stockdale Capital Partners’ planned The Campus at Horton will create a vibrant mixed-use high-tech office, lifestyle retail and food & beverage experience in the heart of downtown San Diego. The project, still waiting on appr...
| Multi-Tenant Retail Center in Oceanside Hits the Market with $20.6 Mil Asking Price
Here’s news of a five-tenant, 65.7k sf open-air shopping center in Oceanside that was just put on the market. The asset, Best Plaza, includes a new 20-year Jack in the Box ground lease. The asking price is $20.59 mil.
| Tower Investments Pays Over $300/sf for Retail Space at The Harbor Club in San Diego
Tower Investments LLC paid $13.6 mil for the condominium retail spaces at the Harbor Club, a premier residential and retail building located in the heart of Downtown San Diego.The space, totalling 42.8k sf ($318/sf), is locat...
| Kearny Mesa Multifamily Dev Set to Move Forward with $145 Mil in Financing
Sunroad Enterprises has secured a $145 mil senior loan for the development of Sunroad Centrum Phase 6, a seven-story, 442-unit, Class A multifamily development in San Diego’s Kearny Mesa neighborhood. The project will be the ...
| San Diego Area Biz Park Traded in $28 Mil Transaction
San Diego-based Fenway Capital Advisors and Waterfall Asset Management acquired Four Points Business Park, a 124.5k sf business park in San Diego’s Kearny Mesa area, for $28.2 mil ($227/sf). The asset ws sold by Brookwood Fin...
| Retail Property in San Diego’s East Village Goes for $655/sf
A private investor paid $3.8 mil for a 5.8k sf ($655/sf) property leased to Half Door Brewing Co in San Diego’s East Village neighborhood.
Located at 903 Island Ave, the property sits in an opportunity zone one block from Pe...
| Office Property in San Diego’s Hillcrest Neighborhood Sells for $360/sf
The AIDS Healthcare Foundation purchased a 13.3k sf office building in San Diego’s Hillcrest neighbourhood for $ 4.8 mil ($361/sf). The two-story, freestanding building is located at 3850 Fifth Ave, south of Washington St and...
| Federal Government Inks $148 Mil Lease of 100k sf Facility in Kearny Mesa for Conversion to a State-of-the-Art VA Outpatient Clinic
The U.S. Federal Government agreed to a 20-year, $148 mil lease of an existing 100k sf facility that will be transformed into a state-of-the-art Veterans’ Administration (VA) outpatient clinic – the only one of its kind in So...
| Draftsmen & Craftsmen
Construction of San Diego Mesa College’s Fine Arts Building has been completed. The $15.9 mil project consists of a four-story, 26.5k sf facility that unites the program’s departments into a single modernized building.
| RAF Pacifica Group Spends $60 Mil on Five Properties in Carlsbad
San Diego-based RAF Pacifica Group (RPG) recently acquired a five-property portfolio of creative and value-add assets in Carlsbad. The six-building purchase consists of one two-building creative-office campus, three creative ...
| San Diego Multifamily Property Traded for $9.7 Mil
Pacific Crest Apartments, a 44-unit residential complex located in the Imperial Beach area of San Diego, traded hands in a recent $9.7 mil ($220.5k/unit) transaction. The 32.8k sf property sits on just over one acre at 1030-1...
| Lennar Corporation Acquires 41 Acres in San Diego for Res Development
Lennar Corporation has acquired a 41.5-acre property in San Diego, California for the proposed development of a new 601-home residential community known as Pacific Village. The property is situated in Rancho Penasquitos, a su...
| Rexford Industrial Realty Picks Up Two SoCal Assets in $12 Mil Worth of Deals
Rexford Industrial Realty has acquired two SoCal industrial properties in separate deals totaling $12.2 mil. One of the properties is in Vista, while the other is in Santa Clarita. The acquisitions were funded using cash on h...
| San Diego County Entertainment Center Trades in Deal Worth Around $66 Mil
Vista Village, a 195k sf entertainment-focused neighborhood shopping center in North County San Diego, traded hands in a recent deal. Although the price was not immediately disclosed, we’ve heard the deal was worth around $66...
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
| Family Investment Entity Picks Up 92k sf Retail Center in San Diego County
Escondido Valley Center, a 92.2k sf shopping Center in Escondido, was acquired by an OC-based family trust. The center, anchored by ALDI, HomeGoods and BevMo, is located at one of the busiest regional intersections in the cit...
| Student Housing Property in San Diego Fetches $92.5 Mil
Fifty Twenty-Five, a 260-unit/942-bed, Class A luxury student housing community serving San Diego State University, sold for $92.5 mil, or $98k/bed. The buyer was Denver-based Cardinal Group Investments LLC.
Completed in 201...