Multifamily news in Marketing - San Diego

  • IPA to Market $21M CA Community

    The firm will handle the sale of Villa Capri in Escondido, which includes 98 units and is currently 98 percent occupied.

  • 2018 NAA Conference Coverage

    Speakers at the 2018 National Apartment Association's Apartmentalize tackled hot topics including affordable housing, marketing, the apartment demand, credit scores, cybersecurity and more.

  • Sunrise Management Strengthens Small Property Division

    Peyton Hoban will serve as director of the company’s small property department and Eric Paulin will be regional manager of the same branch.

  • Northrop Grumman-Leased Office Campus Trades Hands

    The Spectrum Corporate Center in San Diego was recently acquired by Drawbridge Realty in a deal worth around $61 million. The asset was acquired from Real Estate Capital Partners and IVG Institutional Funds in a deal brokered by Cushman & Wakefield representatives Michael Roberts and Brunson Howard.

  • Deluxe M-F Complex Kicks Off Leasing in Mission Viejo

    Wermers Properties and Watermarke Properties recently announced that leasing is now underway at one of their San Diego projects. The joint venture is now ready to receive potential tenants at its Adagio on the Green luxury apartment development, now that the project is nearing the final months of construction. The development deadline for the upscale multifamily project is set for August 2015.

  • Northrop Grumman Renews Lease at Kearny Mesa Campus

    Northrop Grumman Systems Corporation, one of the largest companies in the entire country, recently completed a leasing deal that will keep the entity at its current home in the Kearny Mesa submarket of San Diego. According to the local office of Colliers International, the company has renewed its lease for the entire space that it has occupied at an office campus located in the Kearny Mesa Spectrum Center. Colliers noted that the leasing agreement is one of the largest deals of its kind in terms of size to be completed in 2014 in the area.

  • New Retailers Bring Balboa Mesa to 100% Occupancy

    The owner of the Balboa Mesa Shopping Center has recently announced that new contracts have been signed at the facility, meaning that the shopping center is now fully leased. The San Diego-area retail property is currently under the ownership of national owner, operator and developer Regency Centers. The company’s local leasing agent, Eric Li, completed a total of 13 leasing agreements during the time that the property was in redevelopment.

  • 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.

  • 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 traded hands this week, underlining the growing appeal of San Diego’s investment opportunities to companies looking to expand operations in the area or owners looking to cash in on the current trend.

  • Cornerstone Real Estate Advisors, Hammer Ventures Make Big Buys

    San Diego’s commercial market is continuing its path of ramped investment activity as Cornerstone Real Estate Advisors LLC and Hammer Ventures partnership recently moved to acquire major properties. Cornerstone is now the new owner of the North County Corporate Center, while the partnership involving Hammer Ventures has acquired the Torbati Building.

  • Capstone Advisors Pays $16M for Office, Retail Assets

    Real estate investment development and advisory firm Capstone Advisors has recently moved for the acquisition of two different assets in the San Diego market. The company now owns an office building in La Jolla and a retail property near the University of San Diego. Capstone paid a total of $16.4 million for the two assets. The Carlsbad-based entity has recently made a number of commercial real estate acquisitions throughout San Diego and the Southwest.

  • Alliance Diversified Buys Pyramid Building in Miramar, Plans Makeover

    One of the city’s most unusual office properties recently traded hands as Alliance Diversified Holding, LLC paid a purchase fee of $13.6 million for an asset located in the San Diego submarket of Miramar. The seller was APEX 1 & 2 LP. Both companies were represented by the local office of Voit Real Estate Services, with the seller being represented by a team consisting of Brandon Keith, Ryan Bracker and Bob Brady.

  • Ballast Point Brewing Inks 107,000-SF Lease with HG Fenton in Miramar

    As the housing market in San Diego is doing better, the city’s industrial market is also seeing awareness brought to it. A major leasing agreement was recently completed for a facility in the Miramar submarket, as local company Ballast Point Brewing and Spirits is set to occupy the commercial property located at 9045 Carroll Way. The value of the agreement stands at around $16 million, making it one of the largest deals of its kind in San Diego this year. The agreement was brokered by Voit Real Estate on behalf of both the tenant and landlord HG Fenton.

  • Vista Industrial Asset Fetches $5.6M

    The sale of a San Diego industrial asset was recently announced by real estate brokerage Colliers International. The transaction was completed by one of the company’s local offices, on behalf of seller Symphony Asset Pool XIV, while new owner B Group Holdings Inc. was represented by CCIM. The value of the transaction stood at a total of $5,562,500.

  • ASB, Blatteis & Schnur Buy Trio of Gaslamp Retail Properties for $15.3M

    A trio of buildings recently traded hands in the city’s famed Gaslamp Quarter after ASB Real Estate Investments shelled out a fee of $15.25 million for the properties. The move is part of the company’s strategy to acquire investment-worthy properties in the country’s best shopping corridor. ASB purchased the three buildings in joint venture with Blatteis & Schnur on behalf of the company’s Allegiance Fund, from Federal Realty Investment Trust. The JV also partners in a number of other Californian properties in Los Angeles and San Francisco.