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We completed a comprehensive $1 million revitalization of Mission Escondido, transforming the prominent retail center with contemporary design elements, sustainable features, and enhanced amenities, including electric vehicle charging stations. Originally acquired in 2011 at 70% occupancy, the 41,530-square-foot property now stands fully leased with 14 diverse tenants, demonstrating our long-term commitment to creating vibrant community destinations in Escondido’s downtown district. Read Full Article

Jay Matthes To Lead Company Operation and Asset Management Strategy at Notable Southern California-Based Firm

Carlsbad, Calif. – Oct. 5, 2021 – Real estate investment, development, and advisory firm, Capstone Advisors adds Jay Matthes as chief operating officer, further solidifying its expertise in investing, managing and developing a wide variety of real estate assets in key markets and positioning the firm for continued growth.

An experienced senior executive, Matthes has led both operational and financial aspects of retail, office, industrial, multifamily and hotel investments and developments throughout the U.S. In his most recent role as executive vice president at American Realty Advisors, he led a team of 10 asset managers and staff, overseeing a $1.6 billion retail investment portfolio totaling over 5.4 million square feet. Prior, as director of asset management for Grosvenor Investment Management, Matthes managed a 4.3 million square feet portfolio of office, retail and industrial properties as well as 1,300 apartment units located throughout major U.S. markets.

“Jay brings strong industry relationships and an excellent reputation as a talented, thoughtful and accomplished executive,” said Alex Zikakis, president of Capstone Advisors. “His breadth and depth of knowledge managing diverse asset classes and leading high performing teams is well-suited for his new role as Capstone Advisors’ COO. We’re slated for growth and adding Jay to our executive team further positions us to successfully increase and diversify our portfolio in our existing, as well as new, markets.”

A real estate expert who’s cultivated relationships with tenants, leasing and investment sales professionals, institutional investors and other key industry participants, Matthes’ role at Capstone Advisors will rely heavily on developing key relationships in new markets, leading company operations and managing overall asset strategy for the company’s growing portfolio.

“Capstone Advisors has spent the last 25 years thoughtfully investing and changing with the fluctuating real estate market to always remain profitable, relevant and successful,” said Matthes. “To join such a creative and successful team in a unique period of strong investment opportunity is exhilarating both professionally and personally. I’m excited to take part in what the future holds for the company.”

Capstone Advisors is well-positioned to continue a sizeable growth period due to its excellent relationships, strong capital base and the diversified skill set of the company. The addition of Matthes as chief operating officer will further Capstone Advisors’ ability to continue to capitalize on opportunities to thoughtfully grow its portfolio while ensuring the company is aptly prepared to manage additional expansion.

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SAN DIEGO, CA – Carlsbad real estate development firm Capstone Advisors has purchased a 30,421-square-foot retail center in the highly coveted submarket of Carmel Mountain Ranch from American Assets Trust for $12.7 million. (Read Press Release)

CARLSBAD, CA – As a sign of continued strong demand for retail space throughout San Diego County, Capstone Advisors, a real estate investment, development and advisory firm headquartered in Carlsbad, California, acquired two retail centers in Poway, California. Both centers were acquired in two separate transactions totaling approximately $11 million. (Read Press Release)

CARLSBAD, CA – Capstone Advisors, a real estate investment, development and advisory firm headquartered in Carlsbad, Calif., announced today that it has completed the acquisition of Diamante, a spectacular 479 acre parcel of land located in the heart of the “Gold Coast” of Costa Rica, the country’s most popular tourist destination. The property boasts nearly ¾ of a mile of coastline on the Pacific Ocean and a pristine private beach known as Playa Majagua with clear water and sandy bottoms. Capstone Advisors, along with its partner, plans to develop the site as a world class resort community containing a luxury hotel, custom estates and a resort mixed use commercial village. (Read Press Release)