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June 15, 2024
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SAN DIEGO HEADLINES
Driftwood Capital Starts Work on Marriott Hotel Project in San Diego’s Mission Valley Area
6/14/24
150-key Element Hotel was designed by AO and is being built by R.D. Olson Construction

Commercial Real Estate Financing Briefs
6/12/24
Recent transactions from JLL Capital Markets, Gantry and Calmwater Capital



SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
Deals are for six buildings totaling 387k sf in San Marcos and Temecula

Decron Properties Closes $99 Mil Retail Buy in San Diego
6/07/24
Firm buys 239k sf Mira Mesa Market West Shopping Center

Commercial Real Estate Financing Briefs
5/31/24
Recent transactions from CBRE Capital Markets, BWE and JLL Capital Markets

San Diego Investor Spends $8.6 Mil on 25-unit Oceanside Multifamily Property
5/29/24
Buyer exchanged out of three smaller assets totaling 19 units

Leonardo DRS Signs Expansion Lease for Additional 17k sf in Rancho Bernardo
5/27/24
Deal brings three-building Discovery Corporate Center to fully leased

San Diego Office Tower Lands $82 Mil Refi
5/21/24
JLL arranges new loan on Sunroad Centrum Office Tower through Goldman Sachs

Birtcher Anderson & Davis and Nuveen Spend $26.5 Mil on San Diego-Area Industrial Asset
5/15/24
Partnership pays $246/sf for 107k sf property in Miramar

AAA Management Lands $78 Mil in Construction Money for 251-Unit San Diego Res Development
5/07/24
CBRE arranges money Ion Clairemont project in Kearny Mesa

Vista Industrial Property Fetches $250/sf
4/24/24
35.5k sf building acquired by an owner/user

La Mesa Store Property Sells for $450/sf
4/19/24
14k sf building is the former location of a Lamps Plus store

California Schools Voluntary Employee Benefits Association Buys Office Building in San Diego
4/19/24
Kearny Mesa property goes for $266/sf

L.A.-Based Buyer Spends $24.5 Mil on Two Industrial Buildings in Vista
4/12/24
Assets are fully leased to Solatube International

Work Completed on New Springhill Suites by Marriott Hotel in Chula Vista
3/27/24
179-room project was built by R.D. Olson Construction

King Street Properties Underway with 60k sf Spec Life Sciences Project in Sorrento Mesa
3/26/24
Mesa Labworks is scheduled for completion in August 2024

Office Building in San Diego Sells for $17 Mil
3/26/24
Fully leased Kearny Mesa property goes for $315/sf

R&D/Lab Portfolio in Rancho Bernardo Gets New Owner in $30.8 Mil Deal
3/19/24
Dollinger Properties buys two buildings totaling 90k sf

Bixby Land Company Establishes Industrial Fund
3/19/24
Fund launches with the recapitalization of five existing properties in CA, AZ and GA

Hammer Ventures Pays $9.1 Mil for Sorrento Mesa R&D Building
3/18/24
19.6k sf facility goes for $464/sf

Matt Carlson and Patrick Gildea Named Regional Leaders at CBRE Capital Markets
3/14/24
Carlson will provide strategic oversight for the West region, while Gildea will lead the East region

Drawbridge Realty Finishes Work on 80k sf Office/R&D Facility in San Diego’s Rancho Bernardo Submarket
3/13/24
Two floors of the three-story spec building have now been leased

Sorrento Mesa Industrial/Laboratory Building Sells for $540/sf
3/01/24
Biotest will use 42k sf building for product development and distribution

Mixed-Use Project Nearing Completion in Lemon Grove
3/01/24
66-unit community in San Diego County is being developed by LLJ Ventures and Citymark Development

BKM Capital Partners Closes $70 Mil San Diego Area Industrial Buy
2/29/24
Company purchases 198k sf Canyon Industrial Center in Kearny Mesa with plans for numerous upgrades

Mixed-Use Building in San Diego’s East Village Offered at $8 Mil
2/20/24
Four-story structure comprised of creative office space over retail

A Collaborative of San Diego Design Leaders Reinvigorates the Design Center, Introduces Futuro Space
2/13/24
Collection of new gathering spaces named for iconic Futuro House of the 1970s

Commercial Real Estate Financing Briefs
2/08/24
Recent transactions from George Smith Partners, CBRE and Bridgecore

Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
273-unit Pulse Millenia goes for $425k/unit

 


 
 


 
 



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