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San Diego


Investment Roundup: Retail, Industrial, Office Properties Command $32M

Investment Roundup: Retail, Industrial, Office Properties Command $32M

San Diego’s commercial real estate market recorded a solid week as a host of real estate deals totaling around $32 million in value were recorded over the recent time frame. Two Carlsbad office properties, a number of retail buildings in La Jolla, as well as a retail center in Black…

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Balfour Beatty Wraps Phase One of Detention Center in Santee

Balfour Beatty Wraps Phase One of Detention Center in Santee

The first phase of the Las Colinas Detention and Re-entry Facility in Santee, Ca was recently completed by developer Balfour Beatty Construction. The company had been awarded the contract to develop the $221.5 million project that would replace the old 1960s detention facility. The facility will serve as the point…

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Small San Diego Apartment Communities Trade Hands in Deals Totaling $10M

Small San Diego Apartment Communities Trade Hands in Deals Totaling $10M

Two small deals were perfected for San Diego-area multifamily properties recently with the combined transaction value of just under $10 million. The Coronado Villa Apartments in San Diego and a Pacific Beach multifamily property both have new owners after trading hands for fees of $5.7 million and $4 million, respectively.…

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San Diego State Starts $53M Makeover of Residence Hall

San Diego State Starts $53M Makeover of Residence Hall

San Diego State University’s Zura residence hall renovation project has officially begun as Balfour Beatty Construction is handling the process on behalf of the organization. The process is essentially a $53 million investment aiming to upgrade and improve student housing facilities at the site. Financing for the project was sourced…

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BBL Commercial, Westbook Buy “Mister A.’s Building” in Downtown San Diego

BBL Commercial, Westbook Buy “Mister A.’s Building” in Downtown San Diego

One of the best-known office buildings in downtown San Diego was recently acquired by a partnership of BBL Commercial Real Estate of San Diego and Westbrook Partners. The buyer shelled out $39.25 million for the Fifth Avenue Financial Center. The two parties involved in the acquisition each represented themselves and…

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Lincoln Buys Carlsbad Corporate HQ; El Cajon Industrial Asset Trades for $5.7M

Lincoln Buys Carlsbad Corporate HQ; El Cajon Industrial Asset Trades for $5.7M

A Carlsbad HQ property and an El Cajon industrial business park have traded hands this past week as San Diego’s commercial real estate market continues its high sales volume.…

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Developers Break Ground on $120M Border Project Linking San Diego and Tijuana

Developers Break Ground on $120M Border Project Linking San Diego and Tijuana

After nearly six years of planning a unique project recently broke ground in the San Diego area. Developers have officially started work on the Cross Border Xpress, a $120 million private venture that will build a new elevated, pedestrian bridge for Tijuana International Airport. The project is the first facility…

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San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade

San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade

Although the amount of blockbuster deals is low in the San Diego area, in terms of sheer volume of transactions, the city’s submarkets seem to be doing very well. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all…

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HCP Buys Torrey Pines R&D Building; Ariel Suites Announces Trio of Commercial Tenants

HCP Buys Torrey Pines R&D Building; Ariel Suites Announces Trio of Commercial Tenants

San Diego’s real estate market has once again recorded an active week, with the city’s life sciences submarket, one of its strong suites, seeing an important asset transaction, while one of the most high profile developments in Little Italy is moving forward with new additions to its tenant roster.…

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Scripps Memorial Hospital Encinitas Unveils $94M Expansion

Scripps Memorial Hospital Encinitas Unveils $94M Expansion

The Scripps Memorial Hospital Encinitas in North County recently completed its high-profile expansion as an investment of approximately $94 million was finalized. The grand opening of the Leichtag Foundation Critical Care Pavilion was held on July 1st, marking the addition of the new emergency department and inpatient rooms to the…

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DRA, Cypress Pay $41M for Sorrento Mesa Office Portfolio; NBC 7 Seals Move to Kearny Mesa

DRA, Cypress Pay $41M for Sorrento Mesa Office Portfolio; NBC 7 Seals Move to Kearny Mesa

In what was yet another good week for San Diego’s office market, a large portfolio deal was completed by a partnership between DRA Advisors LLC and Cypress Office Properties LLC, while local news outlet NBC 7 San Diego also acquired an office asset. The two deals were worth a combined…

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Sundt to Manage Construction of Science Building at SCCD’s National City Campus

Sundt to Manage Construction of Science Building at SCCD’s National City Campus

The latest building of the Southwestern Community College District is finally underway as the school has announced its developer choice for a new science building. SCCD has selected Sundt Construction to carry out the construction process at the college’s Higher Education Center located in San Diego’s National City. Sundt was…

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