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June 18, 2024
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SAN DIEGO NEWS
Archive
1  | 2  | 3  | 4  |  5  | 6  | 7  | 8  | 9  | 10  ...  116
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• Hammer Ventures Spends $14 Mil on San Diego Area Biz Park
4/10/23
Hammer Ventures paid $14.25 mil for Sorrento Commerce Park, a two-building, multi-tenant industrial project in San Diego’s Sorrento Mesa submarket. The 35.5k sf ($401/sf) park was 100% leased to 11 tenants at the time of sale...
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• Vertical Ventures Picks Up 233k sf of San Diego Area Industrial Space
4/05/23
San Francisco Bay Area-based Vertical Ventures has purchased Rose Canyon Business Park, a 232.9k sf, multi-tenant industrial project spanning 15 buildings in central San Diego. The price was not disclosed. Situated on over 3...
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• DMJ Capital Partners Closes $11.6 Mil Res Buy in San Diego’s Spring Valley Area
4/04/23
San Diego based DMJ Capital Partners LLC has purchased a value-add multi-family project consisting of 44 units for $11.65 mil ($265k/unit). The project is located at 3827 Conrad Dr in the Casa de Oro-Mount Helix neighborhood...
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• Kearny Real Estate Company Starts Grading on 26-Acre Final Phase of Otay Crossings Commerce Park
4/04/23
Kearny Real Estate Company has commenced grading the 26-acre final phase of the 311-acre Otay Crossings Commerce Park in Otay Mesa, for the development of four industrial buildings ranging in size from 45k sf to 205.5k sf. ...
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• Insight Investment Partners Spends Over $8 Mil on 28-Unit Multifamily Property in El Cajon
4/04/23
Insight Investment Partners paid $8.12 mil for Easter Manor Apartments, a 28-unit ($290k/unit) multifamily property in El Cajon. Built in 1987, the property is located at 1113 Greenfield Dr. The two-story walk-up style apa...
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• San Diego Area Mixed-Use Project Sells for Nearly $1,000/sf
3/31/23
A mixed-use project in downtown Rancho Santa Fe sold for $11.2 mil. The project, located at 6106-6108 Paseo Delicias and 6012-6016 La Granada, about eight miles east of Encinitas in San Diego County, consists of 11.9k sf ($94...
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• Cornerstone Communities Acquires 44 Acres in Otay Mesa for All-Electric Res Development
3/30/23
Cornerstone Communities has purchased 44 acres of land in Otay Mesa, where it will build 450 all-electric townhomes for entry-level buyers called Candlelight. Land preparation will begin as early as September and the communit...
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• Carlsbad Warehouse Property Purchased for $11.8 Mil
3/20/23
A freestanding, 32k sf industrial warehouse located at 2070 Las Palmas Dr in Carlsbad, sold for $11.85 mil ($370sf) in an off-market transaction. A private buyer acquired the property from seller, Anya Holdings LLC. Situated...
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• San Diego County Medical Office Sector Ends 2022 with Uptick in Activity
3/16/23
This report was provided by real estate services firm JLL Overview • The San Diego medical office market posted its strongest quarter of the year in Q4 with 122.1k sf of net absorption. Most submarkets saw over 10k sf of ne...
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• Sunrise Management takes Over at The Warwick in San Diego’s Hillcrest Nieghborhood
3/14/23
Spectrum Partners has awarded the management assignment for The Warwick – a newly renovated Class A project in San Diego’s vibrant Hillcrest neighborhood – to San Diego-based Sunrise Management. Spectrum acquired the luxury m...
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• SENTRE Closes 148k sf Industrial Buy in Poway
3/09/23
SENTRE has purchased Parkway Commerce Center, a 147.9k sf, multi-tenant industrial park in Poway, CA. The deal was financed with an acquisition loan for $21.43 mil. Parkway Commerce Center is comprised of two warehouse/distr...
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• Carlsbad R&D Building Fetches $18.6 Mil in Second Trade in Just Over a Year
3/06/23
A 37.2k sf industrial/R&D building in Carlsbad has traded hands for second time in just over a year. In this latest deal, Hazard Jr Enterprises LP, a family-owned entity advised by San Diego-based Commercial Facilities Inc, p...
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• El Cajon Apartment Portfolio Trades in $16 Mil Deal
3/02/23
A three-property, 61-unit multifamily portfolio in El Cajon traded for $16.17 mil ($265k/unit). The sale consisted of the following properties: • Sunshine Manor - located at 948 South Sunshine Ave, the Class C property (buil...
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• San Diego Multifamily Market Closed Out 2022 with Strong 4th Quarter
2/27/23
This 4th quarter 2022 overview provided by real estate services firm Northmarq San Diego multifamily market highlights: • Most property performance metrics in San Diego improved in 2022, and conditions were strong in the fo...
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• R.L. Jones Customhouse Brokers Leases 241k sf Industrial Facility in Otay Mesa
2/16/23
R.L. Jones Customhouse Brokers, an innovative logistical services provider, leased a brand new, 241k sf Class A industrial building in San Diego’s Otay Mesa submarket. The company is significantly expanding its headquarters o...
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• BentallGreenOak Closes $36 Mil R&D/Life Science Buy in Carlsbad
2/10/23
BentallGreenOak acquired a 119.6k sf, R&D/life science flex building in Carlsbad for $35.75 mil, or $299/sf. Located at 2210 Faraday Ave within the Faraday Research Center, the freestanding building was 100% leased to three ...
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• Redevelopment Property in San Diego’s Bankers Hill Goes for $4.75 Mil
2/10/23
Liberty National Corporation purchased an urban infill redevelopment property in San Diego's Bankers Hill submarket for $4.75 mil. Located at 1905 – 1927 Fifth Ave, the property consists of an 18.6k sf building on 0.33 acres....
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• LaSalle Investment Management Buys 600k sf Industrial Facility in Otay Mesa
2/09/23
LaSalle Investment Management has purchased a 601.1k sf, multi-tenant industrial building in San Diego’s Otay Mesa submarket. Situated on over 31 acres at 2020 Piper Ranch Rd, the property has direct access to the US-Mexico b...
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• Elevation Land Company and a Crow Holdings Capital-Advised Fund to Develop 1.8 msf Biz Park in Otay Mesa
2/08/23
A joint venture between Elevation Land Company and a real estate fund advised by Crow Holdings Capital will be constructing a brand new, 1.8 msf industrial / warehouse / distribution development in San Diego’s Otay Mesa area....
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• Scripps Ranch Office Building Fetches $257/sf
2/07/23
A 1031 exchange investor paid $6.04 mil for a 23.5k sf ($257/sf) office building in San Diego's Scripps Ranch submarket of Scripps Ranch. The building is located at 10200 Willow Creek, east of I-15 and north of Pomerado Rd. ...
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