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• Carlsbad Industrial Building Sells for $175/sf
8/21/18
A fully leased 20.3k sf industrial building in Carlsbad sold for $3.545 mil, or $175/sf. The freestanding property, located at 2721 Loker Ave West, off Palomar Airport Rd, was acquired by a private investor.
2721 Loker is c...
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• CapRock Partners Picks Up 26 Acres in Sorrento Mesa for Industrial Development
8/15/18
CapRock Partners acquired a 26-acre land site in San Diego’s Sorrento Mesa submarket for development of an industrial project. Acquired from a private investor, this site will enable CapRock to provide build-to-suit solutions...
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• San Diego Apartment Building Goes for $265k/Unit
8/14/18
Winslow Family LP, a local real estate investor, purchased 4290 Mount Abernathy, a 26-unit apartment building located in the central Clairemont area of San Diego, for $6.9 mil ($265k/unit). The property is located west of I08...
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• San Diego Area Neighborhood Center Sells for $5.25 Mil
8/13/18
Ashford Retail Center, a 21.3k sf, neighborhood center in San Diego’s Clairemont submarket, sold for $5.25 mil ($246/sf). The buyer was ERE Real Estate LLC.
Ashford Retail Center sits on a 60k sf lot at 3536-3550 Ashford St,...
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• Carlsbad Office Complex Fetches $17.4 Mil
8/10/18
In a recent Carlsbad office buy, Coseo Properties Inc paid $17.4 mil for a modern, 99.8k sf ($174/sf) office complex, situated within the prestigious 560-acre Carlsbad Research business/R&D park. The “best-in-market” creative...
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• TruAmerica Multifamily and Intercontinental Real Estate Corporation Buy 527-Unit TOD Apartment Community in La Mesa
8/09/18
TruAmerica Multifamily has teamed up with Intercontinental Real Estate Corporation in the purchase of the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at G...
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• $10.25 Mil Buys 35-Unit La Mesa Res Property
8/09/18
In La Mesa, RM Realty paid $10.25 mil for Enclave at Lake Murray, a 35-unit ($293k/unit), newly renovated, garden-style property. The property, located at 5476 Kiowa Dr, approximately 15 minutes northeast of downtown San Dieg...
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• Admiral 2R Management Closes on Office Buys in Phoenix and San Diego
8/06/18
Admiral 2R Management LLC closed on two office property buys, acquiring The Madison office complex in Phoenix and the Balboa Executive Center office building in San Diego. These acquisitions, totaling 298k sf of space, are t...
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• Medical Office Asset in Kearny Mesa Trades for $27.5 Mil
8/03/18
Vista Investment Group has acquired Seville Plaza, a 140.1k sf office property in San Diego’s Kearny Mesa submarket. The property was purchased in an off-market deal worth $27.5 mil ($196/sf).
::img12139:Seville Plaza is a ...
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• Caltrans Buys 111 Acres in Carmel Valley for Wetlands Project
8/02/18
The State of California Department of Transportation (Caltrans) has purchased a 111.6-acre land parcel in Carmel Valley for $2.7 mil. The property is located south of Highway 56 at Rancho Santa Fe Farms Road in McGonigle Cany...
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• Former Church Property in San Diego Sells as Redevelopment Opportunity
8/01/18
A 20.9k sf, former church property in San Diego’s University Heights neighborhood sold for $3.6 mil ($172/sf). It was sold by the Western Diocese of the Armenian Church.
The buyer, Jomer LLC, could redevelop the parcel into...
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• San Marcos Apartment Property Trades for $195k/Unit
7/31/18
A 20-unit apartment complex in San Marcos sold for $3.9 mil, or $195k/unit. The 16.7k sf property sits on a 30k sf lot at 180 Las Flores Dr, between Hollencrest Rd and Polley Dr.
The unit mix of the property consists of all ...
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• San Diego Retail Reaches Highest Asking Rate on Record
7/30/18
This report was provided to us by real estate services firm CBRE
The San Diego retail market closed out Q2 2018 with the highest asking rate on record for the market, according to the latest research from CBRE. The San Diego...
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• Del Mar Office/Retail Complex Goes for $27.5 Mil
7/26/18
LPC West, the West Coast division of Dallas-based Lincoln Property Co, has acquired the Polo Plaza office and retail complex in Del Mar for $27.5 mil. The mixed-use property spans a total of 57.3k sf ($480/sf) of space and is...
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• Pathfinder Partners and Silvergate Development to Develop 130-Unit Apartment Community in La Mesa
7/26/18
Pathfinder Partners LLC has partnered with San Diego-based developer, Silvergate Development LLC, to acquire Little Flower Haven – a 4.1-acre former convent and senior retirement community in La Mesa, in east San Diego County...
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• San Diego Area Life Science Campus Refinanced with $149 Mil Loan
7/25/18
Phase 3 Real Estate Partners Inc has refinanced its Genesis Campus Point, a three-building, state-of-the-art life science campus totaling 314.1k sf in San Diego’s UTC submarket, with a new loan for $149 mil.
Genesis Campus P...
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• BOSA Development to Transform Vacant Building in Downtown San Diego into Class A Office Property
7/19/18
BOSA Development will redevelop a vacant building located at 777 Front Street in downtown San Diego into a new Class A, 162k sf office building. The building will be able to accommodate a variety of requirements ranging from...
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• Grocery Chain ALDI Signs Lease for New Store in Mira Mesa
7/19/18
Grocery chain ALDI has inked a deal for a 20.2k sf supermarket in Mira Mesa’s Plaza Sorrento, opening in the fall of 2018. Terms of the lease were not disclosed.
ALDI will be the grocery anchor at the project, which is locat...
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• Two Industrial Buildings in Scripps Ranch Business Park Trade Hands
7/09/18
Two light industrial buildings totaling 27.8k sf in Scripps Ranch Business Park were acquired by Carroll Canyon Properties, LP in an off-market transaction. The price was not given out.
The two-building project sits on a 2.1...
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• Brixton Capital Buys El Cajon Property for Redevelopment Project
7/09/18
Brixton Capital purchased a former El Cajon Police Station, located at 100 Fletcher Pkwy in the city of El Cajon, for $4.2 mil. The site, purchased from the City of El Cajon, marks Brixton’s fourth acquisition of 2018.
Brixt...
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