In the News

Commercial Real Estate Direct – San Diego Business Journal Capstone Advisors has paid $14 million, or $187.86/sf, for Galveston Tech Center, a 74,525 square-foot industrial and research and development property in Chandler…  Read the Full Feature.

San Diego Business Journal – Capstone Advisors, a real estate investment firm based in Carlsbad, has acquired an Arizona industrial and office building for $14 million. The Galveston Tech Center in Chandler was 92% occupied at the time of sale.  Read the Full Feature.

Shopping Center Business – Carlsbad, Calif.-based Capstone Advisors has completed the disposition of a single-tenant building located within Ahwatukee Foothills Towne Center in Phoenix. A Nevada-based investor acquired the asset for $3.7 million. Salad and Go occupies the property under an absolute triple-net, 20-year ground lease. The restaurant opened for business at the newly constructed building in mid-June. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone in the deal.  Read the Full Feature.

REBusiness Online – Carlsbad, Calif.-based Capstone Advisors has completed the disposition of a single-tenant building located with Ahwatukee Foothills Towne Center in Phoenix. A Nevada-based investor acquired the asset for $3.7 million. Salad and Go occupies the property under an absolute triple-net, 20-year ground lease.

The restaurant opened for business at the newly constructed building in mid-June. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone in the deal.  Read the Full Feature.

The Daily Transcript – Carlsbad-based Capstone Advisors on Tuesday announced the sale of a residential project in La Quinta, Calif., and a Salad and Go restaurant in Phoenix. Capstone sold Piazza Serena, a residential land asset in La Quinta with 60 finished lots, for $9 million to Richmond American Homes. Capstone was represented in the sale by Marc Kleiman of Province West. Piazza Serena offers expansive views of the surrounding Santa Rosa Mountains and has lot sizes averaging one quarter acre.

“We’re pleased to continue our partnership with Richmond American Homes through another successful land transaction,” Mark Hayden, vice president of development at Capstone Advisors, said in a statement.  Read the Full Feature.

San Diego Business Journal – Capstone Advisors based in Carlsbad has sold a development site in La Quinta and a drive-through restaurant in Phoenix. The 60 finished lots of Piazza Serena were sold for $9 million to Richman American Homes…Capstone Advisors was represented by Marc Kleiman of Province West in the Piazza Serena transaction. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone Advisors in the restaurant sale. Read the Full Feature.

GlobeSt.com – “There will be continued retail bankruptcies and store closures in 2021,” Alex Zikakis, president and founder of Capstone Advisors, told GlobeSt.com in an earlier interview. “Many of the bankruptcies and store closures will be in the categories that were already in decline, such as department stores and apparel, but will also temporarily affect service and entertainment categories such as sit-down restaurants, fitness, and group entertainment venues.”  Read the Full Feature.

San Diego Business Journal – North County [San Diego] is as desirable as it’s ever been…As the vaccines continue to be rolled out, we’re going to see a huge rush into retail consumption.” – Alex Zikakis. Look for 2021 to be a strong year for economic development in North County, according to economists, real estate brokers and economic development professionals…  Read the Full Feature.

GlobeSt.com – In all, 630 companies declared bankruptcy during the year…“Many of the bankruptcies and store closures will be in the categories that were already in decline, such as department stores and apparel, but will also temporarily affect service and entertainment categories such as sit-down restaurants, fitness, and group entertainment venues.”  Read the Full Feature.

GlobeSt.com – Bankruptcies and store closures will hit department stores and apparel retailers, but service and entertainment retailers won’t be exempt…“There will be continued retail bankruptcies and store closures in 2021,” Alex Zikakis, president and founder of Capstone Advisors, tells GlobeSt.com. Read the Full Feature.