CARLSBAD, CA-Four facilities in the business park sell in separate transactions valued at more than $6 million combined. The buildings are located at 2477, 2748, 2742 and 2746 W. Loker Ave. in the city.
SAN DIEGO-Buyer DF 800 LLC shells out approximately $190,972 per unit for the Cumberland apartment complex, which stands at 8213 Jade Coast Rd. in the Mira Mesa area of the city. The new ownership plans to convert the property into a condominium asset.
SAN DIEGO-Robert Moses and Jitka De Jour of Bonita have refinanced their 31-unit apartment complex located in the Banker's Hill area of San Diego with a $1.7-million loan provided by Imperial Capital Bank.
POWAY, CA-The 112,062-sf asset contains R&D, office and industrial space. Comprised of six facilities, it is 90% leased to clients including Expanets and Vision Scape Imaging.
SAN DIEGO-The Realty Associates Fund VI LP picks up the asset, which is located on Kenamar Drive. Major tenants here include JPS Floor Coverings and Prudential Design Center.
SAN DIEGO-WGA Bayview Heights LP acquires the 110-unit apartment complex with plans to convert it into a condominium asset. The purchase is the latest in a string of sales that involve condo conversion opportunities, which is one of the hottest trends to hit the San Diego County multifamily market as of late.
ESCONDIDO, CA-Collateral Mortgage Capital LLC provides the financing, funded through Fannie Mae, to an affiliate of Aegis Assisted Living for its seniors housing property located in Escondido. The funds consist of a $14.3-million tax-exempt bond credit enhancement and a $1.8-million floating rate discount mortgage-backed security.
SAN DIEGO-Design is currently under way on the second phase of the Liberty Station office district, which will consist of two facilities encompassing a total of 90,000 sf upon completion.
SAN DIEGO-If the current dynamics of the San Diego County office market stay steady throughout the upcoming year, the sector may turn in its best performance since 2000, according to a new report released by Burnham Real Estate.
SAN DIEGO-The Portland, OR-based real estate company acquires Kearny Mesa Business Center, a 106,791-sf, multi-tenant, industrial park that is currently 95% occupied. The purchase marks Harsch Investment Properties' second acquisition to date in the Kearny Mesa submarket of San Diego.