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Preview: San Diego Commercial Real Estate News From CoStar Group

San Diego Commercial Real Estate News From CoStar Group

CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of


Acquisitions at Oceanside Retail Center Total $41.7M

Wed, 21 Mar 2018 02:11:55 GMT

Ten buildings and a ground lease at the Del Oro Marketplace retail center in Oceanside, CA were sold in two separate deals for a total of $41.7 million. The most recent transaction, closing in early March, involved 10 buildings at the center totaling 99,740 square feet, which sold for $32.5 million, or about $326 per square foot. CoStar data indicates the buildings – at 4101-4171 Oceanside Blvd. – were purchased by an affiliate of investor...

Sudberry Properties Taps Mayer as COO

Tue, 20 Mar 2018 03:58:00 GMT

San Diego-based developer Sudberry Properties, with projects including the mixed-use Civita community in Mission Valley, has named prominent real estate attorney William Mayer as its chief operating officer and chief legal officer. The privately-held firm also appointed John Bogucki (pictured, right) as its chief financial officer. Company officials said Mayer will be responsible for day-to-day operations, and will also provide support for acquisitions...

Ware Malcomb Makes Moves in SoCal

Mon, 19 Mar 2018 02:05:43 GMT

International design firm Ware Malcomb has announced several moves across its Southern California offices: Lucas Corsbie has joined the firm as director, civil engineering in the firm’s Irvine, CA office; Kimberly Huffman has been promoted to director, regional operations in the firm’s Irvine office; and Nathan Dean has been promoted to director, regional operations in the firm’s San Diego office. "These moves reflect the continued growth of Ware...

Older Office Submarket Getting New Attention from Buyers

Fri, 16 Mar 2018 04:52:30 GMT

San Diego’s Governor Park has recently seen several office properties change hands, including this one at 6256 Greenwich Dr. that was purchased in January 2017 by UC San Diego as part of a four-building portfolio. While the shiny new office buildings in places like University Town Center continue to grab the spotlight, San Diego’s often overlooked Governor Park submarket, with several older properties dating back to the mid-1980s, has gotten some...

Palisades Equity Partners Sells Governor Plaza for $10.8M

Wed, 14 Mar 2018 04:16:06 GMT

Performance Wealth Investments (PWI SD Property Fund LLC) acquired the Governor Plaza office building at 5151 Shoreham Pl. in San Diego, CA for almost $10.83 million, or about $280 per square foot, from Palisades Equity Partners. The two-story, 38,617-square-foot office building was constructed in 1984 on 2.4 acres in the Governor Park submarket of San Diego County's Golden Triangle. Renovated in 2013, the property features outdoor seating, extensive...

Carvin Corp Sells Graham Center for $8.3M

Wed, 14 Mar 2018 02:46:46 GMT

Cush Enterprises, a commercial real estate and investment firm, purchased the flex building at 16262 W. Bernardo Dr. in San Diego, CA from Carvin Corporation for $8.3 million, or about $151 per square foot. The 54,964-square-foot building was constructed in 1984 in the Rancho Bernardo Industrial submarket. It was vacant at the time of sale. Mike Erwin and Tucker Hohenstein of Colliers International teamed up with Newmark Knight Frank's Justin...

AbacusNext Taking Full Irvine Co. Bldg in San Diego

Wed, 14 Mar 2018 02:42:34 GMT

A steady wave of office comings and goings in San Diego’s University Town Center market continues in the early months of 2018. Irvine Company, the region’s biggest office landlord, announced that technology firm AbacusNext will soon occupy the full 65,000 square feet at its Eastgate Summit property, located at 4850 Eastgate Mall in San Diego, CA. A spokesperson for Newport Beach-based Irvine Co. said AbacusNext, among the largest providers...

Self-Storage Facility in Chula Vista Gets New Owner

Mon, 12 Mar 2018 04:47:57 GMT

Ladera Ranch, Calif.-based Strategic Storage Growth Trust Inc. and its parent firm are having a busy 2018 when it comes to property investments. The REIT’s latest acquisition is a 900-unit self-storage facility at 2380 Fenton St., in the Eastlake neighborhood of Chula Vista, CA. The property was purchased for an undisclosed price from an undisclosed seller. A statement from the public, non-traded REIT said the three-story, climate-controlled building...

Capexco Acquires San Diego Land for $6.1M

Wed, 07 Mar 2018 03:12:34 GMT

Capexco, Inc. purchased a 0.22-acre parcel at 849-867 10th Ave. in San Diego, CA from private sellers for $6.17 million, carrying a price tag of about $18.2 million per acre, from Project Design Consultants and a pair of personal trusts. The vacant land was purchased as part of an assemblage by Capexco, Inc. The buyer also purchased the adjacent property - a 7,100-square-foot historical health care building located at 1035-1045 E St. - in December...