Solana Executive Plaza sold the Solana Executive Plaza at 215 S. Hwy 101 in Solana Beach, CA to Andesite Capital Management for $10.62 million, or about $428 per square foot.

The two-story, 24,805-square-foot, multi-tenant office building was constructed in 1975 in the North Beach Cities submarket.

Peter Curry and Brooks Campbell of Cushman & Wakefield represented the seller. The buyer handled the sale in-house.

Please reference CoStar COMPS…
Source: san diego real estate

San Francisco-based Stockbridge Capital Group LLC acquired the Mira Mesa Marketplace at 10604-10788 Westview Pky in San Diego, CA for $229 million, or about $469 per square foot.

The 487,807-square-foot regional center sits on 38.2 acres in the Miramar / Mira Mesa / South Ranch Retail submarket of San Diego County, at the corner of Mira Mesa Blvd. and the I-15 Freeway. It is anchored by Smart & Final Extra, CVS, Home Depot, Edwards Theatre, Ross…
Source: san diego real estate

CBRE Group, Inc. has hired Matt Marschall as a senior vice president and Dylan Marschall as financial analyst with the firm’s new capital markets division specializing in land, agribusiness and natural resources.

The two Marschalls bring a combined 40 years of experience in the sale and acquisition of land, agricultural properties, and natural resources transfers including wind, solar and water rights.

Before joining CBRE, Matt was an executive…
Source: san diego real estate

MVP REIT and MVP REIT II, a pair of San Diego-based REITs focused solely on owning parking structures and facilities around the country, have engaged investment banking firm Ladenburg Thalmann & Co. as their financial advisor as they evaluate options to boost liquidity and stockholder value.

As part of its review, the pair of non-traded REITs will consider listing of one or both of the company’s common stock on the Nasdaq securities exchange, along…
Source: san diego real estate

Kartspace, Inc., the parent company of Eastlake Speed Circuit Kart Racing, has leased 45,794 square feet of retail space at 851-881 Showroom Pl. in Chula Vista, CA.

The location will serve as the newest spot for the San Diego-based kart racing and laser tag venue. Kartspace is currently in the middle of tenant improvements and are expected to open for business by late July 2016.

Reg Kobzi, Joel Wilson, Carrie Bobb and Matt Shope of CBRE represented…
Source: san diego real estate