Press Releases

Capstone Advisors adds modern upgrades to central Escondido retail property.

Escondido, Calif. – July 7, 2025 – Capstone Advisors, a Carlsbad-based diversified real estate investment, development, and advisory firm, has completed a $1 million revitalization of Mission Escondido, modernizing the prominent retail center in central Escondido.

Located at 201-205 W. Mission Ave., the center now features a contemporary design with a refreshed color palette and a standing seam metal roof. Other enhancements include drought-tolerant landscaping, updated site and tenant signage, and improvements to the parking lot, including the addition of electric vehicle charging stations.

Situated in Escondido’s downtown district, the center is currently leased by 14 tenants with a wide variety of focuses, including food, retail, health, professional services, and education. The newest tenants include Dongbu Korean BBQ, Prism Jiu Jitsu, and Swan Hair Salon.

Capstone Advisors acquired the 41,530-square-foot property in 2011 when it was 70% leased. Following strategic enhancements shortly after its acquisition, the center has consistently been well-occupied and is now fully occupied. Read Full Article

REBusiness Online highlighted our successful $1 million renovation of Mission Escondido Shopping Center, showcasing how we transformed the 41,530-square-foot property with contemporary design updates and sustainable improvements. The coverage emphasizes our strategic approach to revitalizing underperforming assets and achieving full occupancy in the competitive San Diego metro market. Read the full article.

Carlsbad, Calif. – December 19th, 2024 – Reflecting on 2024, everyone at Capstone Advisors would like to express our gratitude for your trust, partnership, and continued support throughout 2025. It has been a year of growth for us, and we hope success for you! We are excited to share some of our highlights over the year, and wish you a joyful holiday season! Read Full Feature

Solana Beach, Calif. – November 12th, 2024 – Capstone Advisors — a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California — adds the iconic Solana Beach Beachwalk Shopping Center to its ownership collection. Capstone Advisors acquired the 55,580 sq ft. property from GEM Realty Capital, which had owned the shopping center since April 2017. The $32.1 million purchase of the retail center, located at 437 S. Highway 101, officially closed on Oct. 29.

Located on the Pacific Coast Highway in the highly desirable coastal neighborhood of Solana Beach where home values exceed $2 million, Beachwalk Shopping Center is one block from the ocean and is near the Solana Beach border with Del Mar. The property is easily accessible from some of the most desirable communities in San Diego County and is close to the Del Mar Racetrack, Del Mar Fairgrounds and Cedros Design District. The center is a prime destination for both local San Diegans and the many visitors who regularly visit the area. Read Full Feature

South Jordan, Utah – June 28th, 2024 – Capstone Advisors, a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California, expands its portfolio with the purchase of the Trail Crossing Shopping Center in South Jordan. 

The acquisition of the retail center, located at 5414 W. Daybreak Parkway, officially closed on June 28. The seller, Wright Development Group, constructed the shopping center in 2017. The property is 38,397 square feet of retail shopping space spanning five buildings. Currently, at full capacity, the center is anchored by Smith’s Food and Drug, a grocery subsidiary of The Kroger Co., along with a diverse array of national, regional, and local tenants providing essential goods and services. Read Full Press Release

La Quinta, Calif. – June 19th, 2024 – Carlsbad-based real estate investment and development company Capstone Advisors has closed the sale of Griffin Ranch Estates, 37 half acre lots in the Griffin Ranch community, located in La Quinta, California. 

Capstone Advisors sold the land to Toll Brothers, a high-quality production home builder with over five decades of experience and builds in 24 states nationwide. Marc Kleinman of Province West handled the sale. The project engineering services were provided by MSA Consulting, Inc. The sale closed on June 11. Read Full Press Release

Richmond, Va. – May 7, 2024 – Offering an unparalleled array of Asian culinary delights and a food court with a fresh bakery, boba tea and both Korean and Japanese dishes, Lotte Plaza Market, a premier source for Asian groceries, is aiming to make a significant mark on the Richmond community with its upcoming grand opening and ribbon cutting on Friday, May 10, at 8:30 a.m.

Located at 7801 W Broad St. Richmond, VA 23294, Lotte Plaza Market will be offering unique discounts and perks to all grand opening attendees that will not be available at other locations, including grand opening deals on grocery items from fruit drinks to sushi rice. In addition, Lotte Plus Rewards members will earn double the points from their purchases at this location from May 10 to June 6. Read the Full Release.

San Diego, CA – April 15th, 2024 – SAN DIEGO BUSINESS JOURNAL LEADERS of INFLUENCE in COMMERCIAL REAL ESTATE 2024: Alex Zikakis & Jay Matthes Read the Full Release.

Phoenix, AZ – January 17th, 2024 – Southern California-based real estate firm purchases Arizona retail and entertainment property and flex industrial building. Further expanding its extensive retail and industrial portfolios, Capstone Advisors, a diversified real estate investment, development and advisory firm headquartered in Carlsbad, California, has acquired an urban core retail and entertainment property in Tempe and a flex industrial building in Phoenix. 

Conveniently located in the heart of Tempe’s Mill Avenue District near Arizona State University, at 420 and 501 S. Mill Ave., the retail and entertainment property consists of two buildings totaling 38,896 square feet and was purchased for $22.2 million. A popular nightlife hub in the metropolitan Phoenix area, the two buildings were fully occupied at the time of sale by retail, entertainment and dining tenants, including – Starbucks, Spinelli’s Pizza, Lotions & Potions, Bang Bang, Crispy Cones, Varsity Tavern, Rodeo Ranch and Low Key Piano Bar. “These two iconic buildings are located at the most dynamic intersection of the booming Tempe downtown market. The intersection of 5th Ave. and Mill Ave. has the highest pedestrian traffic in the city of Phoenix, and the entire area is in the midst of outstanding residential high-rise growth” said Alex Zikakis, president of Capstone Advisors. ‘Generational real estate’ is an overused term, but in this case, exactly sums up this acquisition.” Read the Full Release.