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• Draftsmen & Craftsmen
3/28/19
Construction of San Diego Mesa College’s Fine Arts Building has been completed. The $15.9 mil project consists of a four-story, 26.5k sf facility that unites the program’s departments into a single modernized building.
The ...
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• RAF Pacifica Group Spends $60 Mil on Five Properties in Carlsbad
3/27/19
San Diego-based RAF Pacifica Group (RPG) recently acquired a five-property portfolio of creative and value-add assets in Carlsbad. The six-building purchase consists of one two-building creative-office campus, three creative ...
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• San Diego Multifamily Property Traded for $9.7 Mil
3/26/19
Pacific Crest Apartments, a 44-unit residential complex located in the Imperial Beach area of San Diego, traded hands in a recent $9.7 mil ($220.5k/unit) transaction. The 32.8k sf property sits on just over one acre at 1030-1...
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• Lennar Corporation Acquires 41 Acres in San Diego for Res Development
3/22/19
Lennar Corporation has acquired a 41.5-acre property in San Diego, California for the proposed development of a new 601-home residential community known as Pacific Village. The property is situated in Rancho Penasquitos, a su...
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• Rexford Industrial Realty Picks Up Two SoCal Assets in $12 Mil Worth of Deals
3/20/19
Rexford Industrial Realty has acquired two SoCal industrial properties in separate deals totaling $12.2 mil. One of the properties is in Vista, while the other is in Santa Clarita. The acquisitions were funded using cash on h...
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• San Diego County Entertainment Center Trades in Deal Worth Around $66 Mil
3/19/19
Vista Village, a 195k sf entertainment-focused neighborhood shopping center in North County San Diego, traded hands in a recent deal. Although the price was not immediately disclosed, we’ve heard the deal was worth around $66...
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• Commercial Real Estate Financing Briefs
3/18/19
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
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• Family Investment Entity Picks Up 92k sf Retail Center in San Diego County
3/15/19
Escondido Valley Center, a 92.2k sf shopping Center in Escondido, was acquired by an OC-based family trust. The center, anchored by ALDI, HomeGoods and BevMo, is located at one of the busiest regional intersections in the cit...
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• Student Housing Property in San Diego Fetches $92.5 Mil
3/12/19
Fifty Twenty-Five, a 260-unit/942-bed, Class A luxury student housing community serving San Diego State University, sold for $92.5 mil, or $98k/bed. The buyer was Denver-based Cardinal Group Investments LLC.
Completed in 201...
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• Escondido Multifamily Portfolio Trades for $8.1 Mil
3/05/19
A two-property, 39-unit multifamily portfolio in the Northern San Diego County city of Escondido sold for $8.15 mil ($209k/unit). The assets consist of The Juniper Apartments, a 27-unit building situated on a 1.82-acre lot at...
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• RAF Pacifica Group Spends $36 Mil on Two Acquisitions in Carlsbad
3/04/19
RAF Pacifica Group has purchased two high quality properties in Carlsbad – one office and the other industrial – in separate deals totaling $36.3 mil. The sales were for Avenida Crossing, a newly renovated 68.4k sf creative o...
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• Coast Income Properties and Washington Capital Management Inc Spend $39 Mil on San Diego Office Building
3/01/19
Mesa View Plaza, a 111.3k sf, Class A mid-rise office building in the Kearny Mesa area of San Diego, California has sold for $39.1 mil ($351/sf). A joint venture between San Diego-based Coast Income Properties and Washington ...
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• Adjacent Retail Assets in La Jolla Acquired in Separate Deals Totaling $9 Mil
2/28/19
Two adjacent mixed-use retail properties in downtown La Jolla have sold for a combined price of just under $9 mil. The properties are located at 7527-7535 and 7545-7553 Girard Ave.
The 7545-7553 Girard property is a 7.6k sf ...
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• Medical Office Building in San Diego’s North County Acquired by Harrison Street Real Estate Capital
2/28/19
Harrison Street Real Estate Capital LLC purchased Palomar Health Outpatient Center Phase I, a 75k sf, medical office building North County San Diego. The property is located at 2125 Citracado Pkwy in Escondido. The transactio...
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• CapRock Partners Repositions San Diego Area Industrial Property
2/26/19
CapRock Partners has completed the repositioning of its Old Grove asset, an 85.8k sf freestanding industrial property, located on a 5.4-acre site within the Scripps Ranch area of San Diego. CapRock Partners acquired the prope...
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• Raintree Partners Acquires 333-Unit Res Property in San Diego’s UTC
2/25/19
Regents La Jolla, a 333-unit, mid-rise multi-housing building in La Jolla, was purchased by Raintree Partners. The property, situated on approximately 8.48 acres at 9253 Regents Rd, was sold by LaSalle Investment Management ...
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• San Diego Office Market Ends the Year with Tight Supply
2/19/19
This report was provided to us by Patrick Ashton, Senior Research Analyst with the San Diego office of JLL
The San Diego office market had another robust year of demand, totaling 902.6k sf of positive net absorption and exce...
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• Older San Diego Apartment Property Fetches $18 Mil
2/14/19
Willow Glen Apartments, a 97-unit multifamily property in San Diego, has sold for $17.9 mil ($184.5k/unit). The property is located at 3635-75 College Ave, east of I-15 and north of Hwy 94 in the Rolando section of the city.
...
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• Carlsbad Flex Building Trades Hands in $2.55 Mil Transaction
2/13/19
A 14.6k sf, freestanding multi-tenant flex/industrial property in Carlsbad has been acquired by a private investor for approximately $2.55 mil, or $175/sf. The single-story building is located at 2768 Loker Ave, east of El Ca...
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• San Diego Apartment Sales Comp Comes in at $125k/Unit
2/13/19
A 20-unit apartment complex in San Diego’s City Heights neighborhood sold for $2.5 mil, or $125k/unit. The 11.9k sf property is situated on a 23k sf lot at 4348 53rd St, east of I-15 and just south of El Cajon Blvd.
Constru...
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