{"id":1004100706,"date":"2014-07-17T06:51:19","date_gmt":"2014-07-17T14:51:19","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=277222"},"modified":"2022-12-04T23:49:25","modified_gmt":"2022-12-05T07:49:25","slug":"san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/","title":{"rendered":"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\">Although the number of blockbuster sales is relatively modest in metropolitan San Diego, its submarkets are generating a steady stream of transactions. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all traded hands this week, underlining the market&#8217;s appeal to expansion-minded occupants and to investors.<\/p>\n<p class=\"MsoNormal\">Houston-based Lionstone Investments <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-277249\" title=\"torrey pines\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg\" alt=\"\" width=\"300\" height=\"197\" \/><\/a>acquired Torrey Reserve West, a three-building office campus in Del Mar Heights. The two-story buildings total 118,030 square feet of space , as well as surface and structured parking.<\/p>\n<p class=\"MsoNormal\">The property was about 90 percent occupied at the time of the transaction, outperforming the market average. With asking rents on the rise, Lionstone will look to further boost occupancy. Del Mar Heights is one of the county&#8217;s best- performing submarkets, currently featuring the highest rental rates in the area.<\/p>\n<p class=\"MsoNormal\">The industrial deal was completed by Niceride 1 L.L.C., which paid \u00a0JJB Silverhawk and VCH No. 1 about $8.15 million for an asset in Otay Mesa. The deal was brokered by \u00a0Cassidy Turley. Located in the master-planned Siempre Viva Business Park\u00a0at 8851-8877 Kerns St., the building totals 115,290 square feet. The building will become the new corporate headquarters of Otay Mesa Leasing, which signed a 10-year lease. The company supplies construction and industrial equipment in Southern California and Mexico.<\/p>\n<p class=\"MsoNormal\">On the residential front, Kruetzk<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Century-Arms.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-277248\" title=\"Century Arms\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Century-Arms.jpg\" alt=\"\" width=\"300\" height=\"178\" \/><\/a>amp Family Trust recently acquired the Century Arms Apartments in Imperial Beach for $3.6 million. The 22,800-square foot asset, which is fully occupied, includes 14 one-bedroom units and 16 two-bedroom apartments. Built in 1977, the asset is located at 1471 13<sup>th<\/sup> St. in Imperial Beach. The deal was arranged by Colliers International on behalf of the buyer and the seller, Kromydas Family Trust.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although the amount of blockbuster deals is low in the San Diego area, in terms of sheer volume of transactions, the city&rsquo;s submarkets seem to be doing very well. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all traded hands this week, underlining the growing appeal of San Diego&rsquo;s investment opportunities to companies looking to expand operations in the area or owners looking to cash in on the current trend.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[1815],"class_list":["post-1004100706","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade\" \/>\n<meta property=\"og:description\" content=\"Although the amount of blockbuster deals is low in the San Diego area, in terms of sheer volume of transactions, the city&rsquo;s submarkets seem to be doing very well. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all traded hands this week, underlining the growing appeal of San Diego&rsquo;s investment opportunities to companies looking to expand operations in the area or owners looking to cash in on the current trend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-17T14:51:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T07:49:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/\",\"name\":\"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg\",\"datePublished\":\"2014-07-17T14:51:19+00:00\",\"dateModified\":\"2022-12-05T07:49:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/","og_locale":"en_US","og_type":"article","og_title":"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade","og_description":"Although the amount of blockbuster deals is low in the San Diego area, in terms of sheer volume of transactions, the city&rsquo;s submarkets seem to be doing very well. An office campus in Del Mar Heights, an industrial asset in Otay Mesa and a multifamily complex in Imperial Beach all traded hands this week, underlining the growing appeal of San Diego&rsquo;s investment opportunities to companies looking to expand operations in the area or owners looking to cash in on the current trend.","og_url":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-07-17T14:51:19+00:00","article_modified_time":"2022-12-05T07:49:25+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg","type":"","width":"","height":""}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/","url":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/","name":"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg","datePublished":"2014-07-17T14:51:19+00:00","dateModified":"2022-12-05T07:49:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/torrey-pines.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/san-diego-submarkets-continue-strong-showing-as-office-industrial-and-m-f-assets-trade\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"San Diego Submarkets Continue Strong Showing as Office, Industrial and M-F Assets Trade"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004100706"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100706\/revisions"}],"predecessor-version":[{"id":1004620721,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004100706\/revisions\/1004620721"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004100706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004100706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004100706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}