In the News

Solana Beach, CA – November 14th, 2024 – Capstone Advisors is tapping into the popular and lucrative health and wellness boom. Capstone acquired the Beachwalk Shopping Center in San Diego County for $32.1 million and plans to shift the tenant roster to include a focus on health and wellness. The eight-building, 55,580-square-foot-center was acquired from GEM Realty Capital, which purchased the center in April 2017. The center, located in the Solana Beach area, an affluent beach community on the Pacific Coast Highway, has a retail mix of retail, restaurants and medical and creative office space. Retail installations in Solana include a mix of home decor, art, fashion, and food and beverage options. New tenants Pure Infrared Sauna and Lana Restaurant are currently under construction and will be among the first of many new businesses slated to open soon.  Read Full Feature

Solana Beach, CA – November 13th, 2024 – Capstone Advisors has purchased Beachwalk Shopping Center, a 55,580-square-foot retail center in Solana Beach, Calif., for $32.1 million. The buyer also took out a $25.8 million loan from LoanCore Capital for this property, according to CommercialEdge information. JLL represented the seller, identified by the same source as GEM Realty Capital. The firm had acquired the asset in 2017 for $33.3 million. Read Full Feature

Solana Beach, CA – November 13th, 2024 – Capstone Advisors has purchased Beachwalk Shopping Center in Solana Beach from GEM Realty Capital for $32.1 million. Located at 437 S. Highway 101, the 55,580-square-foot asset consists of eight buildings offering a mix of retail, restaurant, medical and creative office space. Read Full Feature

Solana Beach, CA – November 13th, 2024 – In a notable SoCal retail trade, Capstone Advisors bought Beachwalk Shopping Center, a 55.6k sf, coastal retail property in Solana Beach, for $32.125 mil ($578/sf). Beachwalk features a diverse tenant mix including food and beverage, health and wellness and service-oriented businesses with a strong following in the community. Read Full Feature

Solana Beach, CA – November 12th, 2024 – Capstone Advisors, a real estate investment, development and advisory firm headquartered in Carlsbad has acquired Solana Beach’s Beachwalk Shopping Center. The firm purchased the 55,580-square-foot property for $32.1 million from GEM Realty Capital, which had owned the shopping center since 2017. Located at 437 S. Highway 101 near the Solana Beach border with Del Mar, the eight-building center includes a mix of retail, restaurants, medical and creative office space. Capstone plans on transforming the center with both physical improvements and a curated tenant roster, focusing on food and beverage options as well as health and wellness. Read Full Feature

Solana Beach, CA – November 12th, 2024 – Capstone Advisors has acquired Beachwalk Shopping Center, a retail center located in Solana Beach, for $32.1 million. Capstone plans to implement physical upgrades and a curated tenant roster at the property, which totals 55,580 square feet across eight buildings. GEM Realty Capital, which purchased the property in April 2017, was the seller. Read Full Feature

San Diego, CA – September 25th, 2024 – The Island at Carlsbad has expanded its tenant lineup with new businesses, broadening the retail center’s dining and healthcare options. The Island at Carlsbad is a shopping center located at 5814 Van Allen Way, on the northwest corner of College Blvd and Faraday Avenue.

Carlsbad-based Capstone Advisors, a real estate investment and development firm that purchased the 40,144 square-foot retail center for $11.8 million in 2015, recently announced the addition of Derrington Orthopedics, Sabor a Vida Café & Deli and Pho Central and the opening of The Breakfast Mug. Read Full Feature

San Diego, CA – September 23rd, 2024 – The tenant roster at The Island at Carlsbad expands with the addition of Derrington Orthopedics, Sabor a Vida Café & Deli and Pho Central, and the opening of The Breakfast Mug, increasing the diverse array of businesses available to the Carlsbad community. Read Full Feature

San Diego, CA – September 20th, 2024 – New stores are opening at a North County shopping center. According to a press release from Capstone Advisors, the development firm for The Island at Carlsbad, new auditions this month will include two new restaurants and a medical office for area residents.

The new dining options will include a Vietnamese restaurant and a vegan cafe. The Breakfast Mug, which was previously under reservation, will also reopen. “We pride ourselves in creating spaces where communities can gather, and local businesses can flourish,”  said Alex Zikakis, president of Capstone Advisors. Read Full Feature

San Diego, CA – July 30th, 2024 – The improved work/life balance has resulted in more time spent shopping, even with a mass amount of malls and brick-and-mortar stores closing over the past couple of decades. The issue was supply not meeting demand in the space – but now that has reversed with construction and development becoming more scarce, according to Alex Zikakis, CEO and president of CapstoneAdvisors.

“The best thing for retail reputation and appreciation was people’s understanding of just how valuable and necessary it is, especially having gone through a pandemic and that you still pretty much need physical retail,” he told GlobeSt. Read Full Feature