In the News
Richmond BizSense – For the second time this month, a vacant former Stein Mart building has caught the eye of a new-to-market retailer — this time a Korean grocer. Lotte Plaza Market will open its first Richmond-area location at 7801 W. Broad St.
California-based Capstone Advisors owns Olde Towne Shopping Center and was represented in the deal by Colliers International’s Rob Black and Robby Brownfield. Their Colliers colleagues Peter Vick and Harrison Hall repped the tenant, as did Michael Patz out of KLNB’s Baltimore office.
The grocer is taking about half of the overall square footage at the 91,000-square-foot, 50-year-old shopping center. Capstone counts 21 other shopping centers around the country in its portfolio. Read full feature.
Encinitas Advocate — A ribbon-cutting event was held on March 23 to celebrate the completion of a $2 million update of El Camino Square, according to a news release. The renovation modernized the outdated center located at the heart of Encinitas’ retail corridor on El Camino Real. Read full feature.
SD Daily Transcript — Capstone Advisors has completed its renovation of the 27,499-square-foot El Camino Square in Encinitas after an eight-month project to modernize the outdated building and to better complement the style of neighboring properties. Read full feature.
SD Daily Transcript — The Carlsbad-based real estate investment and development firm Capstone Advisors has acquired 26.55 acres of land in Riverside County for $3.05 million from a private seller. The land is slated to hold as many as 133 residential home lots. Read full feature.
San Diego Business Journal — Capstone Advisors, a real estate investment firm based in Carlsbad, has acquired 26.5 acres of land in Riverside County. Capstone Advisors paid $3 million for the property. Read the full feature.
Carlsbad Business Journal – Carlsbad based real estate investment, development, and advisory firm, Capstone Advisors marked its 25th anniversary with $75,000 in donations to nonprofit organizations chosen with input from its tenants in Arizona, California, Nevada, and Virginia. The company’s reputation for ethical business practices and thoughtful approach to acquisitions, sales, and development projects is a point of pride for President Alex Zikakis and the Capstone Advisors team. Read the Full Feature.
In celebration of Capstone Advisors’ 25th anniversary, we are donating $75,000 to local charities. Across our portfolio, $2,500 per property will be given to a local nonprofit organization. The recipients will be chosen with the help of each property’s tenants to support the communities where we operate and to help honor our mission of facilitating the success of our communities, tenants, and employees. Read the Full Newsletter.
San Diego Business Journal – Alex Zikakis has been named one of San Diego’s most influential people! Alex founded Capstone Advisors in 1996 and has been surfing the waves of a changing industry for 25 years. When he’s not out on the water, Alex is a member of the policy advisory board at University of San Diego as well as an active member of the Salvation Army’s work in San Diego and Mexico. Read the Full Feature.
We are incredibly proud to reach the 25-year milestone! When the company was founded in 1996, we never could have anticipated the changes in our industry, in technology, and in the world. For a quarter of a century, we’ve surfed the waves and maneuvered change to always stay relevant. Our company has taken on a strategy of portfolio diversification over the years, a strategy not many others in the industry would commit themselves to. Whether in commercial real estate, residential development, or land assets, our reputation as good people and our commitment to ethical business practices is a point of pride.
The support from and partnership with our tenants, vendors, and lenders has undoubtedly brought us to this point of success and will continue to lead us into new markets and help us achieve continued growth. Our goal has always been to be a positive presence in every community within which we operate. To support that effort and celebrate our milestone with you all, we are excited to announce that we will be donating $75,000 ($2,500 per property we own) to non-profit organizations in the regions within which we operate. The recipients will be nominated by the local business tenants in each region and will recognize organizations that work to make those communities a better place.
Thank you for joining us on our journey and continuing to push the industry forward. We’re excited for what the next 25 years will bring. See the Full Announcement.
Voices for Children – Voices for Children is so grateful for its wonderful partnership with Alex and Lany Zikakis and Carlsbadbased Capstone Advisors. For 17 years, Alex and Lany have been champions of our special mission, providing leadership and generous philanthropic support, while also helping us to forge a strong corporate partnership with Capstone Advisors. Read the Full Feature.