Diego–February 27, 2015 – CBRE announced the sale of
BluWater Crossing a recently constructed Class A multifamily property located
at 6800 Embarcadero Lane in Carlsbad. Jim Neil, Kevin Mulhern, Dixie Hall,Eric Comer, Merrick Matricardi and Rachel Parsons of the CBRE Multifamily team
represented the seller. The buyer, Pacifica Enterprises, a privately held and
operated real estate investment company based in Rancho Santa Fe, California
represented themselves in the transaction.
“The sale of BluWater Crossing represents one of the last
bulk sales of a purpose built condo projects in San Diego County,” says Mr. Neil. “The project is located directly
on the Coaster line at the Poinsettia Station, making BluWater Crossing San
Diego County’s only beach area Transit-Oriented Development.”
Completed in 2009, BluWater Crossing is a mixed-use
development consisting of 66 units featuring both live/work and townhome floor
plans as well as 21,547 square feet of leasable commercial space. There is
152,997 square feet of residential space designed in a contemporary
urban-meets-beach community feel and is one-quarter mile from the Pacific
Ocean. The units offer luxury features including large vaulted ceilings, custom
designed kitchen cabinetry, granite counter tops, stainless steel appliance
package and solid core interior doors. Nearly half of the units feature ocean
views from the third floor.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a
Fortune 500 and S&P 500 company headquartered in Los Angeles, is the
world’s largest commercial real estate services and investment firm (in terms
of 2014 revenue). The Company has more than 52,000 employees (excluding
affiliates), and serves real estate owners, investors and occupiers through
more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic
advice and execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking; appraisal and
valuation; development services; investment management; and research and
consulting. Please visit our website at www.cbre.com.