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• San Diego Office Property Refinanced with New $44.75 Mil Loan
4/26/18
Manchester Financial Group has secured a $44.75 mil refi loan on its Manchester Financial Centre, a 160k sf, office property in San Diego.
Originally built in1965, the storied 12-story building is located at 2550 Fifth Ave, ...
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• Mission Valley Office Property Trades for $33 Mil
4/18/18
A joint venture between Hill Properties and a fund managed by DRA Advisors LLC paid $33.05 mil for a 140.5k sf, institutional-quality office building in Mission Valley. The seller was an affiliate of Menlo Equities Inc, which...
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• Investor Picks Up Medical Office Asset in Carlsbad for $3.3 Mil
4/10/18
Orange Land Holdings, LLC a San Diego-based investor, has acquired Jefferson Professional Building, a 10.9k sf medical office building in Carlsbad, for $3.34 mil ($306/sf). The two-story, Class B property is located at 2910 ...
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• Recently Developed Self-Storage Facility in San Diego Lands New Financing
4/06/18
Chicago Capital Funds, a privately held investment firm, has obtained $13.6 mil in financing on U-Stor-It Logan, a recently developed self-storage facility in San Diego. The four-story, 98k sf property has 1,145 storage units...
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• Sorrento Mesa R&D/Flex Buy Financed with $22 Mil Loan
4/03/18
A Newport Beach-based private investor acquired a 103.8k sf R&D/Flex corporate campus property in San Diego’s Sorrento Mesa submarket. The property was purchased with $21.9 mil in permanent financing provided by MetroGroup Re...
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• BLT Enterprises Closes $38 Mil Industrial Buy in Carlsbad
4/03/18
BLT Enterprises has purchased a 166.3k sf industrial facility in Carlsbad for $38.25 mil ($230/sf) in an off-market transaction.
The property is fully leased to a global leader in golf equipment and apparel, which uses it a...
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• Badiee Development Starts Work on Vista Industrial Project
4/02/18
Badiee Development has begun construction on Keystone Innovation Industrial Park, a two-building, 77.9k sf business park in Vista. The project is slated for completion in the first quarter of 2019.
Surrounded by five acres...
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• Otay Mesa Distribution Complex Trades for $13.7 Mil
3/29/18
TA Realty, out of Newport Beach, acquired Empire Centre, a 132.7k sf, two-building, multi-tenant warehouse/distribution facility in San Diego’s Otay Mesa submarket. The property was sold by Kavenish LTD for $13.675 mil. The C...
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• Clear Sky Capital Buys Three-Property, 193-Unit Res Portfolio in Escondido
3/29/18
Clear Sky Capital Inc has obtained a $27.8 mil loan to finance its recent acquisition of a three-property multifamily portfolio in Escondido. The financing was arranged by Meridian Capital Group.
The Clear Sky Capital portfo...
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• Kearny Real Estate Company and PCCP LLC Break Ground on First Phase of Otay Crossings Commerce Park
3/28/18
A partnership of Kearny Real Estate Company and PCCP LLC has broken ground on Phase 1 of its 311-acre Otay Crossings Commerce Park, adjacent to a new U.S.-Mexico Point of Entry (POE) in Otay Mesa, in San Diego County.
Kear...
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• TrellisWare Technologies Leases 72k sf Space in Scripps Ranch
3/23/18
TrellisWare Technologies, a privately held San Diego communications technology company, has signed a nine-year lease for 72.3k sf of office space at Summit Pointe in San Diego. The transaction is worth approximately $21 mil, ...
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• Biz Park in Otay Mesa Sells for $122/sf
3/19/18
Kroeger Family Properties has acquired the Sail Otay Business Park, a three-building, 32.4k sf business park in Otay Mesa, for $3.95 mil ($122/sf). The property is located on 2.17 acres at 9765, 9775, and 9785 Marconi Dr, ju...
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• Chula Vista Multifamily Project Completed
3/15/18
Construction has been completed on LaTerra Select Stone Creek, a 97-unit multifamily community in Chula Vista. The project is owned by 3875 Main Street Investors, an affiliate of LaTerra Development, who retained San Diego-ba...
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• Office Asset in San Diego’s Governor Park Area Trades for $10.8 Mil
3/15/18
Governor Plaza, a 38.6k sf, multi-tenant office building in San Diego’s desirable Governor Park area, was purchased by a private investor for $10.825 mil ($280/sf). The two-story building sits on 2.4 acres at 5151 Shoreham Pl...
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• Strategic Legacy Investment Group and W Design Developments Team Up in Senior Housing Development Venture
3/13/18
LA-based Strategic Legacy Investment Group Inc and W Design Developments have formed a partnership called We Strategic Development Corporation to design, build, and maintain seniors housing facilities. The two entities initia...
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• RAF Pacifica Group Closes $3 Mil Carlsbad Buy
3/09/18
RAF Pacifica Group has acquired an 18.1k sf, two-story retail and office property in Carlsbad for $3.2 mil ($177/sf). RAF Pacifica Group plans to hold this property as a long-term investment.
The two-parcel property covers 1...
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• Rancho Bernardo MOB Sells for $37 Mil in End of Year Sale
3/08/18
Chicago-based MBRE Healthcare has purchased Excel Centre, an 83.2k sf medical office building in San Diego, for $37.1 mil ($445/sf), in a deal that closed at the end of 2017. The building, anchored by Kaiser Permanente, was s...
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• Three-Project 1.4 msf Office Campus Set to Break Ground in Chula Vista
3/07/18
Chestnut Properties is getting ready to break ground on Millenia Office, a three-project, 1.4 msf office campus, in Chula Vista. Millenia Office has the expansion potential of up to 3 msf to accommodate one or several large s...
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• Commercial Financing Briefs
3/06/18
SKLAR KIRSH - The Abbey Company received $229.3 mil in bridge financing from Citi Real Estate Lending and Barclay’s Bank to recapitalize a 27-property California retail portfolio. The assets securing the loan total approximat...
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• BKM Capital Partners Closes $28 Mil San Diego Area Industrial Buy
3/02/18
BKM Capital Partners has acquired Activity Business Center, a 160.9k sf, five-building multi-tenant light industrial property in the Miramar submarket of San Diego. The industrial complex was sold by Lincoln Property Company...
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