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Commercial Real Estate News
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09/20/2018
Industrial Demand Stays Brisk in San Diego’s Cross-Border Region
This property at Borderpoint Business Park, 6774 Calle De Linea, is part of a 14-building Otay Mesa industrial portfolio recently acquired by BKM Capital Partners for an undisclosed price. Demand for space in the U.S.-Mexico border region is robust...

09/14/2018
Biotech Brings Leasing Life to San Diego’s Sorrento Mesa
Rendering of Maravai LifeSciences’ expanded 95,000-square-foot offices in San Diego’s Sorrento Mesa.Credit: Cushman & Wakefield Biotechnology firm Maravai LifeSciences is exponentially expanding in San Diego’s Sorrento Mesa neighborhood with a 95,000...

09/13/2018
New Project Adds to Crowded Apartment Slate in Downtown San Diego
Developer JPI’s Jefferson Makers Quarter in East Village is among several apartment projects now planned or underway in downtown San Diego. Rendering credit: JPI, Civic San Diego Texas developer JPI wants to build a 318-unit apartment complex in...

09/12/2018
Brookfield and Fairfield Residential Close $1 Billion U.S. Multifamily Value Fund as Investors Focus on Renovation Returns
In January, Brookfield Fairfield U.S. Multifamily Value Add Fund III acquired Waterstone at Corona Pointe, a 628-unit complex in Corona, California, for $136.5 million. Brookfield Asset Management Inc. and Fairfield Residential marked the final closing...

09/12/2018
Goldman Sachs, Cruzan Purchase of Prominent Glendale Office Tower Signals Rising Demand North of Los Angeles
Goldman Sachs and San Diego developer Cruzan teamed up to buy this 15-story office tower at 505 N. Brand Blvd. in Glendale, California. A unit of investment bank Goldman Sachs and a San Diego developer bought a prominent office high-rise in downtown...

09/12/2018
Joseph Family Trust Sells Pair of Multifamily Buildings Near San Diego
The 12-unit apartment complex at 1353 N. Vulcan Ave. in Encinitas, California. Joseph Family Trust sold two apartment buildings totaling 24 units in Encinitas, California, to a private local investor for $10 million, or about $417,000 per unit. The...

09/12/2018
San Diego’s $2.1B Trolley Expansion Could Boost Transit-Centric Development
Credit: Gaslamp Quarter, San Diego As trolley lines make a resurgence in major cities across the country, landlords and developers may look to the $2.1 billion expansion of San Diego's trolley system as a sign of just how big a lift public transit...

09/11/2018
How Hawaii's Real Estate Has Weathered the Storm
This retail property for sale in Hilo on Hawaii's Big Island has seen reduced interest from potential buyers after a volcano eruption and hurricane hit the island earlier this year. High-profile natural disasters such as excessive rains pounding the...

09/11/2018
Coronado Hotel Sells for $39 Million
After staying off the market for more than 40 years, the 110-year-old Glorietta Bay Inn in Coronado sold for $39 million. Photo credit: Atlas Hospitality Group The iconic Glorietta Bay Inn, built by a sugar baron more than a century ago before it became...

09/11/2018
Carlyle Group Raises $5.5 Billion for Eighth U.S. Real Estate Fund, Exceeding Target
The Carlyle Group purchased the 144-unit Brookside Apartments in Boulder, Colorado, earlier this year for $51 million. Global alternative asset manager Carlyle Group's eighth U.S. real estate fund, focused on opportunistic targeted investments across...

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