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

Watt Communities, Inc. acquired 18 acres at 9701 N. Magnolia Ave. in Santee, CA from Strata Equity Group, Inc. for $9.55 million.

The buyer plans to construct a new single-family home community on the site, which is currently improved with a radio transmission facility for KSDO. The property is located off Magnolia, on Braverman Dr. in the East San Diego County submarket. The planned community will feature 82 residential lots.

Erik Wiese of…
Source: san diego real estate