San Diego
Marcus & Millichap Closes $12.5M Sale of La Mesa Seniors Housing
Marcus & Millichap finalized the sale of 5035-49 Guava Ave., an 81-unit seniors affordable multifamily property located in La Mesa. The property sold for $12.5 million, or $154,320 per unit. “Age-restricted communities with long-term affordability protections… Read more
Breakthrough Properties, Tishman Speyer Provide $90M Mezz Loan for Life Science Campus
Breakthrough Properties and Tishman Speyer announced a joint investment in a $90-million mezzanine bridge loan for Aperture Del Mar, a newly… Read more
Alexandria Delivers R&D Hub for Bristol Myers Squibb at San Diego Megacampus
Alexandria Real Estate Equities, Inc. has delivered a 427,000-square-foot research & development hub for Bristol Myers Squibb (BMS) at the… Read more
Otay Mesa Industrial Sale Underscores Demand from Cross-Border Trade
Avison Young completed the $8.824-million sale of a 31,488-square-foot industrial property located at 7577 Airway Rd. in the Otay Mesa… Read more
Life Sciences Employers Consider Areas Beyond Established Biopharm Hubs
In the labor market, life sciences hubs continue to rely on talent to drive innovation. According to Cushman & Wakefield’s… Read more
Kinect Real Estate Partners Closes $127M Fund for MF Projects
Kinect Real Estate Partners, a Bellevue investment firm linked to multifamily developer American Capital Group, announced the $126.5 million close… Read more
Northmarq Secures Fannie Mae DUS Financing for National City Apartments
Northmarq’s San Diego Debt + Equity team, led by Aaron Beck and Bryce Quezada, arranged $13.275 million in financing for Talas Apartments, a newly constructed… Read more
MG Properties Buys Two Multifamily Communities in Gresham
San Diego-based real estate investment firm MG Properties has purchased two Gresham-area apartment complexes for $60.8 million. MG Properties bought… Read more
New-Construction San Diego Apartments Score $53M Bridge Loan
Broadshore Capital Partners, LLC closed on a $53.2-million floating-rate senior bridge loan secured by Monroe North Park, a newly delivered… Read more
Livermore Portfolio Deal Finalized with Sale of Briarwood Apartments
Marcus & Millichap arranged the sale and financing of Briarwood Apartments, a 64-unit multifamily property at 3819 East Ave. in Livermore. The property… Read more
Partners, ViaWest Land $122M Refi on Glendale Industrial Park
Partners Group and ViaWest Group secured $122 million in bridge financing for The Base, a newly constructed, seven-building industrial campus totaling… Read more
Former IHOP Site in Pacific Beach Trades as Redevelopment Opportunity
Whitewater Commercial Real Estate, a San Diego-based commercial real estate brokerage specializing in multifamily investment sales and development opportunities, closed… Read more
Advanced Manufacturing Tenant Signs Headquarters Lease in Scripps Ranch
Luminous Capital Management, in partnership with Austin-based Virtus Real Estate Capital, has leased its 75,000-square-foot industrial property located at 10225… Read more
Investor in Postal Real Estate Scores Off-Market Deal in San Diego
Amid an investment climate that has many commercial real estate investors looking for stabilized assets, JLL announced that Postal Realty Holdings… Read more
CenterCal Adds to Western U.S. Portfolio with Mira Mesa Acquisition
CenterCal Properties, LLC acquired Mira Mesa Market, a 249,225-square-foot retail property at 10463-10789 Westview Pkwy. in San Diego, for an… Read more
URW to Acquire Full Ownership of San Diego’s Westfield UTC
French retail real estate giant Unibail-Rodamco-Westfield (URW) said Wednesday it is acquiring full ownership of its Westfield UTC shopping center… Read more
Office-Using Job Growth Shifts to Southern and Western Metro Areas
U.S. office-using job growth has shifted south and west, Avison Young reported. Austin leads all major metro areas, up approximately… Read more
Affinius Lends $120M to Refinance Kearny Mesa Luxury Apartments
Affinius Capital LLC closed on a $120-million loan to refinance Elowen, a Class A, 7-story, 302-unit multifamily property located in… Read more
Harbor Island West Marina Launches $70M Redevelopment
Harbor Island West Marina held a groundbreaking ceremony to celebrate the official start of construction of its $70-million redevelopment project, intended… Read more