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• Apartment Property in San Diego’s North Park Neighborhood Fetches $177k/Unit
12/31/18
A 25-unit residential complex in the San Diego neighborhood of North Park sold for $4.425 mil, or $177k/unit. The 12k sf property is situated on a 14k sf lot at 4025 Cherokee Ave.
The property, which is located just north of...
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• Industrial Facility in Vista Sells for $24.7 Mil
12/20/18
A 135k sf, single-tenant industrial facility in Vista sold for $24.7 mil ($183/sf). The building, located at 2710 Progress St, north of San Marcos Blvd and southwest of Hwy 78, is fully leased to longstanding tenant Captek So...
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• Life Science Properties in San Diego Refinanced with New $70 Mil Loan
12/19/18
Bioscience Properties Inc and Singerman Real Estate LLC have secured $70.5 mil in financing on a two-property, 230k sf life science portfolio in San Diego’s Sorrento Mesa area. Loan proceeds are being used to convert the buil...
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• Exchange Investor Nabs Chula Vista Industrial Condo Unit
12/14/18
A 7.8k sf office building in Chula Vista sold for $2.575 mil, or $330/sf. The property is located at 2080 Otay Lakes Rd, just west of Hwy 128.
Earlier this year, Loan Depot, a national credit tenant, signed a long-term lease...
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• Investors Pay $5.5 Mil for Mixed-Use Property in Oceanside
12/14/18
A retail/residential mixed-use property in Oceanside sold for $5.475 mil. The asset is located at 502-508 Sportfisher Drive and 510 N Coast Hwy, about midway between I-5 and the ocean.
The property consists of 16 residential...
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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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