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• El Cajon Multifamily Property Gets New Owner in $13 Mil Transaction
6/17/19
In an El Cajon multifamily trade, A.L. Group LLC purchased The Heritage, a 56-unit complex, for $12.95 mil ($225k/unit). The 43.4k sf property sits on a 70k sf lot at 360 North 1st St.
Built in 1973 and thoroughly remodeled...
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• Poway Property Secures $32 Mil in Financing for Construction of 97k sf Mixed-Use Development
6/17/19
Poway Property LP has obtained $31.85 mil in construction financing for the continued development of Outpost, a three-building, 97.2k sf mixed-use project located at 13247 Poway Rd in Poway. The loan was provided by Parkview ...
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• Sterling Organization Pays $27 Mil for San Diego Area Shopping Center
6/14/19
Sterling Organization has acquired Poway Crossings, a 109.5k sf community shopping center in San Diego County. The property was purchased from Greenstreet Partners on behalf of Sterling Organization’s latest institutional Val...
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• San Diego Area Industrial Complex Trades in $25 Mil Deal
6/13/19
Chula Vista Industrial Center, a two-building 158.1k sf Class A industrial property in Chula Vista, was acquired for $25.7 mil ($163/sf) by a partnership of New York-based KKR and Chicago-based Alpha Industrial Properties (AI...
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• Sudberry Properties Starts Construction on 409k sf Otay River Business Park
6/07/19
Sudberry Properties has commenced construction on Otay River Business Park, a 409.5k sf, industrial development on 50 acres less than a mile east of I-5 in Chula Vista. The mixed-use project will feature industrial, warehous...
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• Stos Partners Collects $33.5 Mil from Two SoCal Dispositions
6/06/19
Stos Partners has collected $33.5 mil from the sales of two SoCal assets totaling 221.4k sf of space. The dispositions were for a two-building, 170.8k sf industrial property in Chula Vista and a one-building, 50.6k sf office ...
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• Retail Center in Encinitas Sells for $430/sf
6/06/19
El Camino Square, a 28k sf retail center in Encinitas, traded hands in a $12.2 mil ($436/sf) transaction. The buyer was Capstone Advisors.
El Camino Square is a two-level retail center located at 191 North El Camino Real, in...
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• LaSalle Investment Management Acquires Two Buildings at San Diego Area Biz Campus
6/04/19
LaSalle Investment Management purchased a two-building industrial portfolio totaling 201k sf in San Diego’s Otay Mesa submarket. Situated on 14.62 acres within the 2 msf Siempre Viva Business Park, the portfolio is located at...
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• TrellisWare Technologies Expands into Additional 27k sf of San Diego Office Space
6/03/19
TrellisWare Technologies has signed a lease amendment with Newport National Corporation to expand into an additional 27k sf of office space at Summit Pointe, a 146.6k sf office building in San Diego. TrellisWare will now occu...
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• Sorrento Mesa Office Property Trades for $17 Mil
5/29/19
Graymark Capital, in a venture with an institutional partner, has acquired 10455 Pacific Center Court, a 92.5k sf office property located in San Diego’s Sorrento Mesa submarket.The property, positioned on a 7.7-acre, canyon-e...
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• Carlsbad’s Quonset Project Trades in $3.9 Mil Deal
5/24/19
Quonset Project in Carlsbad has sold in an off-market transaction for $3.9 mil. Located at 2725-2727 State St, the 8.3k sf, two-story project is situated within the renowned Carlsbad Village community and features a design st...
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• Point Loma Mixed-Use Development Refinanced with $20.5 Mil
5/23/19
Murfey Company and Bishop Ventures recently obtained $20.5 mil in financing for The Californian, a luxury residential and retail mixed-use development in the coastal San Diego submarket of Point Loma.
The Californian is sit...
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• Greystar Picks Up Downtown San Diego Development Site
5/21/19
Greystar acquired a prime development site totaling 0.59 acres in downtown San Diego, at the southwest corner of 6th Ave and Olive St. The property was sold by St. Paul’s Episcopal Cathedral.
Greystar will develop a new 204-...
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• Commercial Real Estate Financing Briefs
5/20/19
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged $27 mil of first mortgage leasehold financing for Lahaina Gateway, a 136.6k sf community shopping center on the island of Maui, Hawaii. Current tenants includ...
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• Vista Office Complex Undergoes $1.5 Mil Renovation
5/16/19
Coseo Properties has just completed an extensive, $1.5 mil renovation of Atrium, a 102.1k sf office property in Vista. The three-building, multi-tenant complex is located at 380, 400 and 410 S. Melrose Dr.
Extensive property...
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• Suarez Brokerage Company Leases 52k sf Just North of U.S./Mexico Border
5/15/19
Suarez Brokerage Company Inc signed a 60-month, $2.5 mil lease for a 52.5k sf ($0.80/sf/mo) space in San Diego’s Otay Mesa. The tenant will maintain the space for their California headquarters and sales office
The building i...
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• State-of-the-Art Industrial Project Breaks Ground in Poway
5/15/19
Ryan Companies and DWS Group have broken ground on Vantage Point, a new state-of-the-art, infill logistics/distribution development in San Diego’s Poway submarket.
Vantage Point consists of a new Class “A,” 534k sf two-build...
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• San Diego Area Office Property Goes for $274/sf
5/13/19
A 17.5k sf office building in San Diego’s Governor Park area sold for $4.8 mil, or $274/sf. The building, located at 6336 Greenwich Dr, was acquired by SRT2 LLC.
6336 Greenwich Drive currently consists of five individual off...
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• RiverRock Real Estate Group Lands Management Contract for Retail Portion of Liberty Station in San Diego
5/13/19
May 13, 2019 RiverRock Real Estate Group Lands Management Contract for Retail Portion of Liberty Station in San Diego
Assignement includes over 328k sf of space
Pendulum Property Partners has awarded RiverRock Real Estate G...
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• Investor Pays Over $1 Mil Per Unit for Res Property in Rancho Santa Fe
5/13/19
Westminster School District paid $5.1 mil for Villa La Serena, a five-unit apartment/condominium complex located in Rancho Santa Fe, CA. The price works out to $1.02 mil per unit.
Villa La Serena is located at 6177 El Tordo....
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