CoStar SD Commercial Real Estate News
Jul 26 2017
An affiliate of American Assets Trust, Inc. acquired the Gateway Marketplace shopping center at 6 – 40 N. 4th Ave. in Chula Vista, CA for $42 million, or about $301 per square foot, from Brixton Capital AC LLC and ALTO Real Estate Funds.
Totaling 139,601 square feet, the center is 99 percent leased anchored by Smart & Final and Aldi with inline space occupied by Party City, Hobby Lobby, Matress Firm, Little Caesars and AT&T. It was built in 1997…
CoStar’s People of Note (July 21) – Cushman Chooses Gorelick, Brixmor Brings on Brown, Avison Adds Kreider…
Jul 21 2017
It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: New York City, Raleigh / Durham, Atlanta, Charlotte and St. Louis.
NEW YORK CITY
Cushman & Wakefield Taps Gorelick as Executive Managing Director, Head of Retail for the Americas
By Justin Sumner
Jul 19 2017
Pacific Urban Residential sold the Vue at Lake Murray apartments at 6867 Golfcrest Dr. in San Diego, CA to a family trust for $18 million, or about $277,000 per unit.
The 62,100-square-foot multifamily complex contains 65 residential units in three three-story buildings. Constructed in 1970, the community is on two acres with amenities that include a clubhouse, fitness center, pool, picnic area, putting greens and laundry facilities.
Jul 17 2017
Radius Investments LLC sold the two office buildings at 1545 – 1565 Hotel Cir. S in San Diego, CA to a private investor for $10.3 million, or about $157 per square foot.
The two buildings total 65,649 square feet and were approximately 94 percent leased at time of sale. The property was built in 1984 and is located in the heart of the Mission Valley submarket.
Derek Hulse, Rick Reeder and Brad Tecca of Cushman & Wakefield represented the seller…
Jul 12 2017
Melroy Investments, Inc. acquired the 26-unit senior housing community at 4226 Utah St. in San Diego, CA from Dovik LLC for $5.1 million, or about $196,000 per unit.
Built in 1986, the 15,600-square-foot complex sits one block from El Cajon Blvd. and two blocks from North Park Community Park.
Robert C. Hudnall, an independent broker in San Diego represented the seller. The buyer handled the sale in-house.
Please see CoStar COMPS #3934394…