{"id":1004103617,"date":"2014-09-11T20:23:17","date_gmt":"2014-09-12T04:23:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=291027"},"modified":"2020-05-13T21:20:13","modified_gmt":"2020-05-14T05:20:13","slug":"investment-roundup-retail-industrial-office-properties-command-32m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investment-roundup-retail-industrial-office-properties-command-32m\/","title":{"rendered":"Investment Roundup: Retail, Industrial, Office Properties Command $32M"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

San Diego\u2019s commercial real estate market recorded a solid week of deals totaling around $32 million. Two Carlsbad office properties, a number of retail buildings in La Jolla, as well as a retail center in Black Mountain Ranch all changed hands.<\/p>\n

RREF II-CP Crossings JV L.L.C. purchased Crossings Corporate Center in Carlsbad for $15.25 million from Greenlaw Partners of Newport Beach, Calif. Located on a 6-acre site at 6005 Hidden Valley Road, the 71,653-square foot asset was completed in 2001 and had a 36 percent vacancy rate at clksing. Cassidy Turley represented Greenlaw Partners.<\/p>\n

In a $6.4 million deal, Pacifica Real Estate Services Inc. sold Piazza Santaluzi, a 16,145-square-foot retail center in Black Mountain Ranch, to Piazza Santaluz L.L.C. Located at 14677-14701 Via Bettona, Piazza Santaluz consists of two buildings that are currently 100 percent leased. According to The San Diego Business Journal<\/em><\/a>, Cushman & Wakefield represented the seller, while Piazza Santaluz L.L.C.,worked with Cassidy Turley on its end of the transaction.<\/p>\n

In the second Carlsbad office deal of the week, Sunwood Pacific Ridge L.L.C. acquired Pacific Ridge Commerce Center from the Betty Ann Robinson Trust for $5.8 million . The new owner is planning a renovation and is rebranding the property Sunwood Pacific Ridge. <\/span>Located at 1945 and 1947 Camino Vida, the asset includes a two-story office building and a multi-tenant industrial building and offers 52,416 square feet of space.<\/p>\n

Lastly, USA Properties Inc. recently acquired three retail properties in La Jolla from Dewhurst Family Partnership and Dewhurst Family Trust for about $6.2 millon. Totaling 14,259 square feet, the portfolio includes a pair of commercial assets located at 7545-7549 and 7527-7535 Girard Avenue plus a parking lot on Herschel Avenue.<\/p>\n","protected":false},"excerpt":{"rendered":"

San Diego’s commercial real estate market recorded a solid week as a host of real estate deals totaling around $32 million in value were recorded over the recent time frame. Two Carlsbad office properties, a number of retail buildings in La Jolla, as well as a retail center in Black Mountain Ranch were all involved in transactions in a high-volume week for the commercial sector.<\/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":[],"class_list":["post-1004103617","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"\nInvestment Roundup: Retail, Industrial, Office Properties Command $32M - 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\/investment-roundup-retail-industrial-office-properties-command-32m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Roundup: Retail, Industrial, Office Properties Command $32M\" \/>\n<meta property=\"og:description\" content=\"San Diego’s commercial real estate market recorded a solid week as a host of real estate deals totaling around $32 million in value were recorded over the recent time frame. 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