Releases

Carlsbad, Calif. – March 3, 2022 – Diversified real estate investment, development and advisory firm has acquired 26.55 acres of land in Riverside County slated to hold up to 133 residential home lots. The land is located near the Winchester Ranch area within the Winchester Hills Specific Plan; immediately adjacent to the nearly completed Conestoga Master Plan community with 5,250 homes and a planned 33-acre regional sports park. Tangerine is Capstone Advisors’ most recent land holding in the area and is near another of their current residential projects, Indigo Trails, which is entitled for 104 residential lots. Read the full release.

Carlsbad, Calif – Jan. 11, 2022 – Investment Firm Donates to charities across Arizona, California, Nevada, and Virginia – In honor of the company’s 25th anniversary, Capstone Advisors donated $75,000 in total to the following local charities, chosen with input from its tenants and employees, including: American Business Women’s Association- Trendsetter Chapter Palm Desert; Arizona Helping Hands; Boys to Men; ChildFund International USA; For Kids Foundation; Family Services of the Desert; Friends of Scott Foundation; Live & Learn; Natural High; Patch Virginia; Presbyterian Frontier Fellowship; REACH; Safe Embrace; Saved Hands Foundation; Shalom Farms; St. Vincent de Paul Village, Inc.; Sunshine Acres; THE EIGHT; The National Alliance on Mental Illness in San Diego (NAMI San Diego); The Salvation Army; UPWARD; U Turn for Christ; Voices for Children and World Hunger Ecumenical Arizona Task Force, Inc. (WHEAT).  Read the Full Release.

Carlsbad, Calif. – August 2, 2021 – Capstone Advisors, a diversified real estate investment, development, and advisory firm, has announced the acquisition of the 74,525 sqft. Galveston Tech Center in Phoenix. The Galveston Tech Center, located in Chandler, Arizona – the heart of the Phoenix metro area and a sought-after corporate hub – was purchased at 92% occupancy, with Fortune 5 healthcare company CVS Health and semiconductor tech firm Qorvo included in the list of impressive tenants.

“We’re pleased to add Galveston Tech Center, an ‘as-good-as-it-gets’ multi-tenant industrial/flex asset in the dynamic west-Chandler market,” said Alex Zikakis, president of Capstone Advisors. “West Chandler is the heart of the Silicon Desert, with excellent demographics, strong growth, and home to a wide collection of corporate tenants. We enjoyed working on another acquisition with Steve Lindley of Cushman and Wakefield and look forward to continuing to add to our Phoenix-area portfolio.” Share this post:

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Carlsbad, Calif. – July 6, 2021 – Capstone Advisors, a diversified real estate investment, development, and advisory firm, has completed the disposition of two properties in its portfolio, closing on consecutive days the sale of a Salad and Go location in Phoenix and a residential project in La Quinta, Calif.

Capstone Advisors announced the sale of the Salad and Go location at 4716 E. Ray Road in the retail hub at Ahwatukee Foothills Towne Center in Phoenix. Construction was recently completed on the new, single-tenant building, and the restaurant opened for business in the Target-anchored shopping center in mid-June. The property is an absolute NNN 20-year ground lease, and the buyer is a Nevada-based investor who completed a 1031 exchange with purchase of the property. The sale price was $3.7 million, a record price for a Salad and Go.

Additionally, Capstone Advisors announced the sale of Piazza Serena, a residential land asset in La Quinta, Calif. for $9 million. The 60 finished lots were sold to Richmond American Homes, a homebuilder with operations in 10 states. Located within the PGA West corridor on the west side of Monroe Street just south of Airport Boulevard, Piazza Serena offers expansive views of the surrounding Santa Rosa Mountains and lot sizes averaging one quarter acre…(Read More)

CARLSBAD, California – September 10, 2019 – Sabre Springs Plaza, a 15,038-square-foot retail center located at the intersection of Poway Road and Springbrook Drive in the Sabre Springs community of San Diego, was sold by an affiliate of Capstone Advisors for $6.8 million to a Southern California-based private investor.  Sabre Springs Plaza had been owned and operated by Capstone Advisors since the firm acquired the property in 2015. Sabre Springs Plaza was the second retail center sale in the past 14 months for the Carlsbad-based real estate firm.

“We are pleased to have successfully executed our business plan for Sabre Springs Plaza, which included correcting operational inefficiencies to improve the center’s performance.  With these adjustments and an investment in complementary capital improvements, we know the property is ideally positioned to serve the Sabre Springs and Poway communities for many years to come,” said Ira Schwartz, COO of Capstone Advisors…(Read More)

CARLSBAD, California – September 9, 2019 – A Capstone Advisors affiliate has acquired 18,037 square feet of shop space located within Tuscano Towne Center in southwest Phoenix, Arizona. The full 250,331 square-foot property is located on the southwest corner of W. Lower Buckeye Road and S. 75^th Avenue in the Tuscano master planned community.

The property becomes Capstone’s fifth commercial asset in Phoenix and the firm’s fourth acquisition in the past 12 months. “Capstone is excited to add to its holdings in Phoenix. Tuscano Towne Center is located in one of Phoenix’s fastest growing submarkets. It has an excellent mix of local, regional and national brands who thrive due to the property’s location and the adjacent Walmart Supercenter.  We are very pleased to add this great asset to our portfolio,” said Ira Schwartz, COO of Capstone Advisors… (Read More)

CARLSBAD, California – May 24, 2019 – Capstone Advisors has acquired El Camino Square Shopping Center in Encinitas, California for $12.2 million. The 27,499 square-foot property is located at 191 N. El Camino Real, on the busy northeast corner of El Camino Real and Via Molena, in the heart of Encinitas’ retail corridor.

The property becomes Capstone’s ninth commercial asset in San Diego County and the firm’s third acquisition in the past eight months. “El Camino Square is a great addition to our existing San Diego real estate portfolio.  The property is located in one of the strongest and most dynamic retail submarkets in San Diego County.  We look forward to implementing our plan to improve the condition of the property and contribute to the success of its tenants.  We are very pleased to add this great asset to our portfolio,” said Alex Zikakis, President and CEO of Capstone Advisors…(Read More)

CARLSBAD, California – March 8, 2019 – Capstone Advisors has acquired Ahwatukee Foothills Towne Center, a shopping center, shadow anchored by Target and Hobby Lobby in the Ahwatukee submarket of Phoenix, Arizona. The 41,425 square-foot property is located at 4722 East Ray Road, on the busy northwest corner of East Ray Road and South 48^th Street, the main retail thoroughfare in Ahwatukee.

The property becomes Capstone’s fourth commercial asset in the Phoenix MSA. “The center is a great complement to our existing portfolio in Phoenix.  The property is located in one of the strongest retail corridors in the Phoenix Valley and has an excellent tenant mix that thrives due to the location, layout and excellent anchors – Target and Hobby Lobby.  We are very pleased to add this great asset to our portfolio,” said Alex Zikakis, President and CEO of Capstone Advisors…(Read More)

CARLSBAD, Calif. – Oct.12, 2018 – Further diversifying its portfolio, Capstone Advisors announces the completed acquisition of a two-building flex industrial property in Phoenix, Arizona.  Acting on strong growth fundamentals and promising market dynamics, Capstone Advisors, a diversified real estate investment, development and advisory firm based in Carlsbad, Calif., acquired First Rose Garden, a two-building flex industrial property in the Deer Valley submarket of Phoenix. The 73,317 square-foot property is located at 21002 North 19th Ave. and 1950 West Rose Garden Lane and was purchased for $6.6 million. (Read More)