San Diego Commercial Real Estate News From CoStar Group

CoStar’s People of Note (Aug. 18) – Cushman Taps Tyler, Avison Adds Glass

Aug 18 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: Chicago, San Francisco, Boston, Northern New Jersey, Washington DC, Los Angeles, New York City, Atlanta, Minneapolis, Seattle, Salt Lake City, Las Vegas, Toronto, Austin, Dallas / Ft. Worth and South Florida.
Cushman & Wakefield Adds Tyler as Managing Director

Physician Mgmt Group Sells Citracado Medical Plaza in Escondido

Aug 9 2017

Anchor Health Properties and The Carlyle Group have acquired the Citracado Medical Plaza at 625 W. Citracado Pky in Escondido, CA for $21.85 million, or about $459 per square foot, from Physician Management Group, Inc.

The 47,654-square-foot medical office building was 100 percent occupied at the time of the sale.

Greg Trainor with Fairfield Asset Advisors represented the seller. The buyers handled the sale in-house.

Please see CoStar…

Trust Trades 519-Unit Eagles Point Apts in Escondido

Aug 9 2017

TruAmerica Multifamily and joint-venture partner The Allstate Corporation acquired the 519-unit Eagle Point Apartments at 1501 E. Grand Ave. in Escondido, CA for $90 million, or about $173,000 per unit, from a private trust.

The 407,779-square-foot multifamily community delivered in 1987 on 21.7 acres in the Midway Multifamily submarket of San Diego County, across from the Walmart-anchored Vineyard Shopping Center near Hwy. 78 and I-15. Comprised…

CoStar Market Insights: Three Most Active Multifamily Submarkets in San Diego

Aug 7 2017

Downtown Submarket Greenlighted for Development, if There’s Enough Green for the Rent
Multifamily developers in San Diego are showing no signs of letting up as projects continue to be announced and break ground across the Downtown submarket.

The city’s planning agency has pushed the entire area through the environmental review process, cutting back the entitlement phase to less than six months and making them more predictable. Still, The Rey…

Anchor Health Properties Pays $33M for Medical Center

Aug 2 2017

Anchor Health Properties and The Carlyle Group acquired the Fletcher Parkway Medical Center building at 8881 Fletcher Pky in La Mesa, CA from The Abbey Company for $33 million, or about $402 per square foot.

The three-story medical office building is anchored by Sharp Healthcare. It was delivered in 1985. The property totals 82,024 square feet.

Evan Kovac, Nick Frasco, Andrew Milne and Trent Jemmett with HFF represented the seller. The buyer…