San Diego Commercial Real Estate News From CoStar Group

CoStar’s People of Note (Oct. 20) – Starwood, Castle Lanterra Make Additions to C-Suite, Grocery REIT Hires Regional VP…

Oct 27 2017

img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;}The following companies announced personnel moves this week: Starwood Capital, Castle Lanterra, Phillips Edison & Co., Transwestern, Cushman & Wakefield, AMCAL, Valencia Capital, United Properties, JLL and Franklin Street.SOUTH FLORIDA

Dings Real Estate Pays $5.9M for Miralani Tech Park Asset

Oct 11 2017

Dings Real Estate LLC acquired the industrial building at 8555 Miralani Dr. in San Diego, CA from E&S Real Properties LP and The Woodhill Family Partnership LP for $5.91 million, or about $136 per square foot.

Delivered in 1986, the 43,534-square-foot property currently holds RW Smith & Company as a tenant.

Bryce Aberg, Bryant Aberg and Ryan Spradling of Cushman & Wakefield represented the buyer. Glenn Arnold and Jeffrey Sallen of Cushman…

Torrey Highlands Plaza Trades Hands

Oct 11 2017

Paragon Real Estate Investments sold the retail building at 13350 Camino Del Sur in San Diego, CA to private investors for $10.4 million, or about $740 per square foot.

THe 14,042-square-foot Torrey Highlands Plaza was built in 2002 and was 100 percent leased at time of sale. Tenants include Cojitas Taco Shop, Fresco Pizza Grill and Subway.

Reg Kobzi, Joel Wilson and Michael Peterson of CBRE represented the seller. Tim Mills of CBRE represented…

Griffis Residential Closes $407 Million Apartment Fund

Oct 9 2017

Griffis Residential, a Denver-based multifamily investment and management firm, held final closing of its fourth private equity real estate investment fund, Griffis Premium Apartment Fund IV, with $407 million in capital.

Fund IV is targeting about $1 billion in multifamily apartment investments primarily in Colorado, Texas, Washington, Oregon and California.

Fund IV will pursue the same investment strategy as its predecessor funds creating…

Cruzan Secures $41.2M Loan for Make Project

Oct 4 2017

Cruzan secured a $41.2 million loan on its office campus at 5600 Avenida Encinas in Carlsbad, CA.

Scott Peterson, Mark Mcgovern and Brian Cruz of CBRE arranged the financing on behalf of the borrower.

The office campus is 176,900 square feet and was delivered in 2015. It was previously an industrial property that was redeveloped into office space.