NAIOP San Diego, the Commercial Real Estate Development Association, will install Harvest Small Business Finance Co-Founder Adam Seery as its 2019 president. A 14-year member of NAIOP San Diego, Seery has served on all of the chapter’s committees as well as on NAIOP San Diego’s Developing Leaders council and the board of directors. “As a....
Westcore Properties has acquired a 4.37-acre industrial property at 555 West Danlee in Azusa, California for $8.775 million. The seven buildings on site total 47,000 square feet. “We are excited about this investment, as it is a well-located, central in-fill site in a land-constrained, 1.4-percent-vacant industrial market,” said Mike Metzger, director of acquisitions at Westcore. “The property has strong leasing....
Brixton Capital recently sold Towngate Center, located at 12625 Frederick Street in Moreno Valley, California, to a 1031 Exchange buyer based out of the Asian-Pacific, for $50,976,686. Towngate Center, an approximately 290,000-square-foot community shopping center, is 95% leased to high performing national and regional credit tenants, including TJ Maxx/Home Goods, BevMo!, Ross Dress for Less,....
A student team from University of San Diego’s Burnham Moores Center for Real Estate submitted the winning redevelopment plan, entitled Delta District, for the SPAWAR site at NAIOP San Diego’s 9th annual University Challenge, held on Thursday, April 25 at Amp&rsand in Mission Valley. The USD student team, comprised of Alex Barachinni, Zachary Burns, Mitch DiLorenzo, Claire Hunn, Alex Spangler and Ryan Todd, presented their mixed-use redevelopment....
Brixton Capital, a private real estate investment firm, has hired Jim Hamilton as Vice President, Acquisitions. His primary duties include oversight of and coordination of the firm’s real estate acquisitions and dispositions, as well oversight of the acquisitions team. Hamilton most recently served as Vice President of Acquisitions and Investment Management for Monday Properties. While....
According to panelists at a recent CREW San Diego luncheon this week, healthcare providers are seeking to expand, remodel and re-purpose their facilities to better serve a growing demand based on changing demographics and changing service models. The evolution of consumer-driven healthcare services is also driving up demand for real estate in the healthcare market.....
A partnership between LPC West, Inc., the West Coast operating company of Lincoln Property Company, and a private equity real estate fund advised by Crow Holdings Capital has acquired approximately 80,233 square feet of existing office buildings on 21.04 acres of land at 5650 & 5560 Kearny Mesa Road in San Diego, California from Cubic....
In a limited partnership, LPC West, Inc., the West Coast subsidiary of Lincoln Property Company, has purchased the leasehold interest of 186,057 square feet of space across 10 adjacent light industrial and retail/industrial showroom buildings at two properties: Miramar Business Park and the Exchange @ Miramar. The properties are located on 11.24 acres in the....
Westcore Properties has acquired a new, 379,828-square-foot industrial building on 22 acres in southwest Phoenix, Arizona. Westcore acquired the building, located at 8001 West Buckeye Road, from a joint venture between Phoenix-based Wentworth Property Company and a private real estate fund managed by Dallas-based Crow Holdings Capital for an undisclosed sum. The cross-dock, Class A....
Westcore Properties has sold a 6,350,000-square-foot, Class A industrial property portfolio to San Francisco-based Stockbridge Capital Group for an undisclosed sum. “We were pleased with the completion of this portfolio transaction to Stockbridge, which we strategically assembled over the past several years in primarily off-market transactions, at a notable gain for our shareholders,” said Westcore....