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• San Diego Industrial Portfolio Sells in $170 Mil Transaction
10/01/18
A portfolio totaling more than 1 msf of Class A, industrial assets in San Diego County sold for $170 mil in a recent transaction. The properties were sold by RAF Pacifica Group. The buyer was not named.
The portfolio consist...
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• The Irvine Company Buys 300k sf San Diego Office Complex
9/26/18
The Irvine Company has closed on a trophy-quality, San Diego office buy, acquiring Sunroad Corporate Center, a three-building 302.3k sf office property situated in the heart of the city’s University Town Center area. The asse...
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• Retail Asset Near San Diego International Airport Sells for $2.4 Mil
9/25/18
A two-story, net-leased retail property located in Downtown San Diego sold for $2.38 mil. The property is located at 3338 Kettner Blvd, between I-5 and Pacific Hwy, adjacent to San Diego International Airport.
Marc Posthumu...
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• San Diego Life Science/Office Property Refinanced with $25 Mil Loan
9/24/18
Harbert Management Corporation and Cypress Office Properties have refinanced Oberlin Tech, a 105.6k sf life science and office property in San Diego’s Sorrento Valley area. Oberlin Tech is located at 5555, 5601, 5626 and 5627...
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• City of Solana Beach Buys Land Parcel to Expand Public Beach Space
9/24/18
The City of Solana Beach has acquired a 29k sf land parcel in the Eden Gardens neighborhood of Solana Beach for $2.8 mil. The property is located at 700 Stevens Ave, just west of I-5.
Victor Krebs of Colliers International ...
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• Retail Property in San Diego’s North Park Area Sells for Just Under $4 Mil
9/24/18
A 9k sf retail property in San Diego’s North Park area sold for $3.975 mil ($442/sf). The two-tenant, 100% occupied asset is located at 2801 - 2811 University Ave, south of I-8 and west of I-805.
The two tenants at the store...
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• Private Investor Picks Up 75-Unit Multifamily Property in La Mesa
9/20/18
Palm Spring Apartments, a 68.2k sf, 75-unit apartment property located in La Mesa, traded hands in a recent deal for an undisclosed price. It was sold by La Jolla-based seller L&M Properties
The property is located on a 3.59...
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• Construction Started on 100k sf Life Science Building in San Diego’s UTC Submarket
9/17/18
Phase 3 Real Estate Partners has begun construction at 4224 Campus Point Court, a two-story, 102k sf building within GENESIS Campus Point. GENESIS Campus Point is a three-building, 314.1k sf life science campus in the UTC su...
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• Sukut Real Properties Acquires 294k sf San Diego Area Industrial Property
9/14/18
Mira Mesa Distribution Center, a 293.8k sf, multi-building distribution park in San Diego, has been acquired by Orange County-based Sukut Real Properties. The multi-tenant industrial project is located in the heart of the Sor...
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• Escondido Industrial Building Acquired by 4S Properties – Saddleback Associates for $173/sf
9/14/18
4S Properties – Saddleback Associates, out of Orange County, has acquired a 20.8k sf industrial building in Escondido for $3.6 mil, or $173/sf. The freestanding property is located at 2063 Wineridge Place, west of I-15 and so...
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• Investor Nabs Two Encinitas Coastal Apartment Properties for $10 Mil
9/13/18
A private investor has acquired a pair of multifamily properties totaling 24 units in Encinitas for $10 mil, or $417k/unit. Located within walking distance of one another, the properties consist of two identical two-story apa...
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• Maravai LifeSciences Leases 95k sf in Sorrento Valley
9/13/18
Maravai LifeSciences inked an expansion/relocation lease for 95k sf of space within a 180k sf facility in San Diego’s Sorrento Valley area. The space will house the current local staff of more than 150 for Maravai’s TriLink B...
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• Mission Valley Office Campus Fetches $20 Mil
9/11/18
35 North, a newly-renovated, 94.7k sf multi-tenant office campus in Mission Valley, was acquired by CIF Group for $19.75 mil ($209/sf). The asset was sold by a partnership between San Diego-based Cypress Office Properties and...
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• Otay Mesa Industrial Portfolio Trades Hands
9/05/18
BKM Capital Partners has completed the acquisition of Otay Mesa Industrial Portfolio, a six-property industrial portfolio that encompasses 14 buildings totaling 703.2k sf of space in San Diego’s Otay Mesa submarket. The multi...
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• San Diego Area Creative Office Building Goes for $465/sf
9/05/18
A 1031 exchange investor paid $9.25 mil for a 19.9k sf ($465/sf), creative office building in San Diego’s Sorrento Mesa submarket. The asset was sold by Dayani Partners.
The property, situated on 1.93 acres at 5670 Oberlin D...
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• Commercial Real Estate Financing Briefs
9/04/18
NEWMARK -- Patrick Barkley and Chad Metzger with Newmark® have arranged $18.7 mil in long-term, non-recourse financing for ground floor retail at The Village at Mammoth, located in Mammoth Lakes, CA. Built in 1999, the subjec...
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• San Diego Apartment Comp Comes in at $176k/Unit
8/29/18
The Margaret Hulter Turney Trust of San Diego paid $2.5 mil for a 14-unit ($178.6k/unit) complex in the Ramona neighborhood of San Diego. The 25k sf property sits on a 14.6k sf lot located at 715 B St.
Built in 1990, the gar...
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• BofI Federal Bank Leases 160k sf at Irvine Company Properties in San Diego County
8/28/18
BofI Federal Bank has leased 160k sf at two Irvine Company properties in La Jolla UTC. The company also announced it will rebrand its name to Axos Bank come October 1.
The technology-driven financial services company will...
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• Commercial Real Estate Financing Briefs
8/23/18
CAPITAL ONE -- Capital One has provided a $178.3 mil Fannie Mae loan to refinance Anton Menlo, a 394-unit multifamily property in Menlo Park. Anton Menlo is a four-story complex situated on a 9.69-acre site. On-site amenities...
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• Class A Office Asset in San Diego’s Del Mar Heights Trades for $578/sf
8/23/18
EverWest Real Estate Partners LLC, out of Denver, has purchased DMcp, a newly-renovated, Class A creative office project totaling 74.4k sf in San Diego’s Del Mar Heights community, for $43 mil ($578/sf). The seller was an aff...
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