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San Diego
Commercial Real Estate News
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Regency Centers Expands San Diego Retail Footprint
Regency Centers is planning a $230 million redevelopment of its Costa Verde Center in San Diego's University Town Center neighborhood. Credit: Regency Centers Corp. Florida-based Regency Centers Corp. continues to grow its San Diego retail profile, witnessed...

Sunroad Gets $165M in Refinancing on Apartments
San Diego-based developer Sunroad Enterprises, Inc. has secured $165 million in refinancing on two recently-built luxury multifamily complexes totaling 555 units in the city’s Kearny Mesa neighborhood. Mesa West Capital of Los Angeles originated the...

SD Developer Obtains $36.6M for Downtown Hotel Project
Developer Oram Hotels has obtained $36.55 million in construction financing for its ongoing renovation of a historic downtown San Diego, CA building into what will open in 2019 as a 163-room, upscale boutique hotel known as The Guild San Diego. The...

Mission Valley Hotel Sells for $19.5M
An affiliate of Cerritos, CA-based Kamla Hotels has purchased the169-room La Quinta Inn & Suites hotel in San Diego's Mission Valley submarket for $19.5 million, or about $115,000 per room. The sale of the property at 641 Camino Del Rio S. marks the...

Retirement Housing Foundation Pays $10.1M for Pacific Beach Apts
Retirement Housing Foundation, a Long Beach-based charitable organization, acquired the 48-unit Luther View Senior Apartments housing complex in San Diego, CA from the Christ Evangelical Lutheran Church in Pacific Beach for $10.1 million, or about $211...

Palms Patio Apartments Sell for $5.7M
LHI II LLC sold the 32-unit Palms Patio Apartments at 6280 Acorn St. in San Diego, CA to Immobilier Rosebud LLC for $5.72 million, or approximately $179,000 per unit. The 20,568-square-foot multifamily community consists of one- and two-bedroom units...

Oceanside Industrial Building Sells for $8.5M
Marcus Adams Properties LLC purchased the single-tenant industrial building at 1825 Corporate Center Dr. in Oceanside, CA from HK Advisors LLC for $8.5 million, or about $156 per square foot. The 54,670-square-foot building delivered in 2006 in the...

Retail Section of Encinitas Development Sells for $24M
RAF Pacifica Group has acquired the 38,828-square-foot retail portion of the mixed-use Pacific Station in Encinitas, CA, for $24 million, or about $618 per square foot. The seller of the property, part of a larger development at 687 S. Coast Highway...

Expect More Tightening in San Diego Multifamily Market
While in the midst of an ongoing housing shortage, the San Diego region remained attractive to multifamily investors during 2017, with big sales including San Diego-based American Assets Trust, Inc.’s purchase of the 533-unit Pacific Ridge Apartments...

Rancho Bernardo Radisson Hotel Sells for $22.8M
Kashl Corporation, a hotel owner, acquired the 178-room Radisson Hotel San Diego - Rancho Bernardo in San Diego, CA for $22.8 million, or about $128,000 per room, from Pinnacle Hotels USA, Inc. The 116,718-square-foot hotel sits on 3.6 acres at 11520...

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