San Diego State of the Market Commercial Real Estate Conference

Why You Won't Want To Miss This CRE Conference

What You’ll Learn: 

• What major multifamily, life sciences, office, industrial, retail and hospitality assets is the market seeing in the development pipeline and which projects will have the greatest impact on residents of San Diego?
• Which asset types are investors most bullish on? What asset types are in higher demand in San Diego? Is this pivoting the way developers and investors are strategizing?
• How are leaders providing an experience to those living, working, playing and visiting San Diego? 
• How are developers getting creative when building, expanding and diversifying their portfolios, with challenges ahead? 
• What areas of San Diego are developers, owners and industry leaders finding the most opportunity to deploy capital in today’s market? How does this compare to previous years? 
• How are dealmakers financing projects in today’s market with the evolving capital markets?

Notable Projects / Deals: 

Trammell Crow - Vista Sorrento Labs: New Class A, 117,000 SF lab & office building located in the heart of San Diego's Life Science cluster.  Modern specs include 16' floor-to-floor, yielding 10' finished ceilings with Floor-to-Ceiling windows, steel construction with 140 lbs/sf load and column-free floorplates. Hospitality inspired arrival experience includes 3-story feature staircase with integrated art wall and robust amenity package including: cafe lounge, indoor and outdoor conference rooms, assembly space to accommodate up to 100 people, fitness facility with lockers & shower, glasswash/autoclave room, and supplemental Hazmat storage.  TCC has embraced modern design and sustainability at VSL, integrating photovoltaic topped parking structure and ADA parking and EV Charging stations, with an anticipated achievement of LEED Silver Certification.   

CEDARst - 6 San Diego multifamily projects, totaling 1,500 units and $750mm in total cost /// 5 multifamily projects expected to start construction throughout 2025 /// The Nash: Delivered in May, currently in lease-up 

Downtown San Diego Partnership - Downtown skyscraper opens with pricey apartments, flashy amenities and traction with office tenants /// San Diego Symphony set for new era, after $125 million-plus concert hall redesign /// Symphony Towers Sold, Wen Expands Footprint in Southland /// Izola Bakery has Relaunched in East Village With Fast-Rising Plans for the Future

Paramount Property Tax - $22.7 million reduction for multifamily property /// $20 million reduction for office property /// $7,000 in life-long annual property tax savings for a gas station owner

Nikols Mortgage Fund, LLC – 94% financing on a 93% constructed, 87-unit multifamily project in National City. Loan provided for completion of construction and absorption of units. Nikols Mortgage Fund, LLC was the construction lender as well as the provider of the original land loan, which allowed for a partnership buyout and time to process building permits. This was a heavily-competed-for bridge loan. See page 4 of flipbook. /// 83% financing for the construction of 12 single-family homes within walking distance to the beach in Encinitas. A bank had previously committed to funding this loan but pulled out of the market, and Nikols Mortgage Fund, LLC was able to win the deal by providing attractive terms and surety of execution. See page 7 of flipbook. /// 85% financing for the construction of 17 residential condominiums with ocean/lagoon views in Carlsbad within walking distance to Carlsbad Village. There is high demand for, and lack of supply of, newly built single-story condominiums in the market, like the subject property. The project was 100% pre-sold prior to completion.

McCullough Landscape Architecture - Recently Completed San Diego Projects: Safe Harbor Sunroad Marina /// Gravity Heights Mission Valley Brewpub /// Daffodil Housing Community /// Red Door Interactive Corporate Office /// Chapman Place Housing Development /// SDSU Don Powell Theatre Renovation /// Topaz Mixed-Use Student Housing /// In Progress San Diego Projects: La Semilla Climate Resiliency Development /// Oceanside Transit Center Redevelopment /// CSU San Marcos Integrated Science & Engineering Building /// La Quinta Cultural Campus /// 6010 El Cajon Blvd. Mixed-Use Development /// San Diego Community College District Educational Cultural Complex /// Opportunity Road Mixed-Use Development /// San Diego Community College District Student Housing 

Capstone Advisors - Mill Ave: Jan. 4, 2024 – Capstone purchased the iconic 420 & 501 South Mill Ave. buildings in Tempe, Arizona, which is in a high-foot-traffic entertainment district adjacent to the Arizona State University campus, commonly known as Fifth & Mill. These two multi-story retail/entertainment buildings total 38,896 square feet and were 100% leased at sale. Major tenants include LowKey Piano Bar, Bang Bang Sushi and Varsity Tavern. Capstone’s is in the process of a significant renovation of these buildings and is curating a top-notch tenant roster of exciting new retail, food and entertainment concepts /// Bell Ave. & I-17: Jan. 9, 2024 – Capstone purchased 16402 N 28 th Ave. in Phoenix, Arizona, a single-story 51,680 SF industrial building with heavy power situated on 4.36 acres in the Deer Valley submarket. The property is located in the dynamic Deer Valley submarket, which is home to the new $40 billion Taiwan Semiconductor plant. The property was bought with a short-term office lease in place, and Capstone is in the process of converting the building back to a highly functional industrial building with good clear height, high power and a large equipment yard. Improvements include installing a variety of rollup doors and truck wells, as well as a secure outdoor storage /// Trail Crossing: June 28, 2024 – Capstone purchased a highly performing grocery shadow-anchored center inthe fast-growing master-planned community of Daybreak near Salt Lake City, Utah. These are five single-story multi-tenant retail buildings totaling 38,397 square feet and they surround a 105,000 sq. ft. Smith’s Marketplace Grocer (Kroger). The shopping center was built between 2016-2017 and was acquired at 96% occupancy with 19 tenant businesses comprised of food, service, and daily needs. The acquisition included some excess land, which Capstone will develop in order to deliver additional junior anchor space.

Who You'll Network With At This Discussion:  Owners, Developers, Investors, Architects, Construction, Designers, Brokers, Lawyers, Financial Institutions & Government Officials. 

How You'll Do More Business From Attending This CRE Event: Join us to learn about the major developments taking center stage throughout San Diego and how these projects are impacting the commercial real estate scene. Get up to speed on the emerging opportunities in the market, the top reasons to develop and invest in San Diego, and hear how industry leaders are adapting to the evolving demands.

Why You Should Attend This Session: Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

For questions, recommendations, comments or press inquiries please email our event producer, Samantha D'Angelo at samantha.dangelo@bisnow.com. To request disability-related accommodations, please contact thea.parkert@bisnow.com no later than seven business days prior to the event.

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