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• Carlsbad Creative Office/R&D Campus Trades Hands
12/13/18
A joint venture between SteelWave LLC and funds managed by Angelo Gordon recently closed on the purchase of a 208.9k sf creative office/R&D campus in Carlsbad. The single-story, multi-tenant property, situated on over 13 acre...
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• Seligman Group and Irvine-based Pendulum Property Partners Acquire Majority Retail Portion of Liberty Station
12/11/18
A 321k sf portion of Liberty Station, a mixed-use development in San Diego, was acquired by a partnership between Seligman Group and Irvine-based Pendulum Property Partners. The complex, offering coastal, urban, infill retail...
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• MCA Realty Spends $5.9 Mil on Escondido Industrial Asset
12/11/18
MCA Realty has acquired a 41k sf, multi-tenant industrial asset in the North San Diego submarket of Escondido for $5.9 mil, or $144/sf. The property is located at 2750 Auto Park Way, west of I-15 just off Hwy 78.
The propert...
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• Owner/User Spends $2.5 Mil on Poway Industrial Building
12/10/18
An owner-user has acquired a 12.3k sf, two-story industrial/flex building in Poway for about $2.5 mil ($203/sf). The private buyer, which will utilize the facility for their parts machining business, purchased the property fr...
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• TH Real Estate Goes Yard in Sorrento Mesa
12/07/18
The Yard, a 60.5k sf repurposed creative office building in Sorrento Mesa was purchased for $24.825 mil ($410/sf) by TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA). The property was sold by the...
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• La Jolla Apartment Comp Comes in at $550k/Unit
12/07/18
In a recent apartment sales comp in La Jolla, a private investor paid $4.4 mil ($550k/unit) for an eight-unit, garden-style community. The property is located at 326-340 Palomar Ave, just west of La Jolla Blvd.
326-340 Palom...
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• CO Investor Closes $23 Mil Res Buy in San Marcos
12/04/18
Woodspear Properties closed on an 84-unit residential buy in the San Diego County city of San Marcos. The CO-based firm paid $23.3 mil ($277.4k/unit) for The Avenue at San Marcos Apartments, a two-story, garden-style complex,...
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• Carlsbad Office Comp Comes in at $298/sf
12/04/18
An 11.5k sf, two-story multi-tenant office property in Carlsbad sold for $3.425 mil ($298/sf). The property is located at 3150 Pio Pico Dr, south of Carlsbad Village Dr on the east side of I-5.
The property is occupied by fo...
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• BLT Enterprises Buys 222k sf Corp HQ Facility in Vista
12/04/18
In North San Diego County, BLT Enterprises paid $31.5 mil for a 221.7k sf ($142/sf), corporate headquarters-quality industrial manufacturing and warehousing facility. The property is located at 3250 Business Park Dr, just nor...
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• Draftsmen & Craftsmen
12/03/18
The County of San Diego has broken ground on its new Assessor, Recorder, County Clerk (ARCC) office in Santee. It is being built by C.W. Driver Companies.
The ARCC building will be the nation’s first zero net energy archive ...
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• TH Realty Spends $43 Mil on Life Science Building in Sorrento Mesa
12/03/18
TH Realty purchased an 82k sf, two-story, Class A Life Science building located in San Diego’s Sorrento Mesa submarket for $43.2 mil, or $527/sf. The property was sold by Bollert | Lebeau.
The building is located at 10222 Ba...
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• Navarra Properties’ Multi-Phase SuperBlock@I.D.E.A. District in San Diego’s East Village is Well Underway
11/30/18
Here’s the latest info on Navarra Properties’ SuperBlock@I.D.E.A. District, a multi-phase, mixed-use development in San Diego. The project is situated on an approximately 2.75-acre site bounded by E, F, 14th and 15th St in Do...
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• SoCal Multifamily Loan Hat Trick Totals Nearly $14 Mil
11/30/18
A trio of recent SoCal multifamily financing transactions totaled up to $13.89 mil. The loans were all arranged by Continental Partners’ J.M. Grimaldi, Carl Riggins and Brian Asheghian.
The largest of the deals was $5.4 mil ...
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• Leasing Assignment for 1 msf San Diego Waterfront Project Goes to Cushman & Wakefield
11/27/18
Manchester Financial Group has awarded Cushman & Wakefield the leasing assignment for Manchester Pacific Gateway, a new mixed-use waterfront development in Downtown San Diego. The world class project is slated to feature over...
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• Curology Inks Relocation/Expansion Deal in Sorrento Mesa
11/20/18
Curology, a San Francisco-based custom skin care company, has inked an expansion/relocation lease for 54.2k sf of space in Sorrento Mesa. The firm is moving into a newly renovated office building at 5717 Pacific Center, which...
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• Owner/User Buys Industrial Facility in Vista
11/19/18
A freestanding 9.2k sf industrial building in Vista was purchased by an owner-user for $1.79 mil ($195/sf). The buyer was Ki’s Kitchens, a privately-owned commercial kitchen company based in San Diego’s North County.
The hig...
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• Rexford Industrial Realty Spends $40 Mil on Two SoCal Assets
11/16/18
Rexford Industrial Realty Inc recently picked up two SoCal industrial properties for a combined $40.3 mil. The acquisitions were funded using available cash on hand. With these deals, Rexford has completed over $411 mil of ac...
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• Cruzan Buys Carlsbad Biz Park
11/15/18
Cruzan purchased Carlsbad Commercial Center, an eight-building business park in Carlsbad. The price was not disclosed.
The complex, located at 5205-5375 Avenida Encinas, was 92% leased at the time of sale. Built in 1982, th...
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• Westcore Properties Buys 6.6 Acres of Development Land in San Diego
11/15/18
Westcore Properties has acquired 6.64 acres of land in San Diego that is zoned for light industrial, office or commercial uses. Westcore is working to entitle the land for development of build-to-suit corporate facilities and...
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• San Diego Unified School District Buys 54k sf Kearny Mesa Facility
11/14/18
San Diego Unified School District purchased a 54k sf R&D/flex building in Kearny Mesa for $18 mil, or $330/sf. The property, located at 5454 Ruffin Rd, was sold by BLT Enterprises.
BLT acquired the asset in 2017 and, since t...
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