Press Releases

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)

CARLSBAD, Calif. – Oct.12, 2018 – Capstone Advisors has sold Knightdale Crossing, a 63,543 square-foot retail shopping center located at the southwest corner of Knightdale Boulevard and North Smithfield Road. Capstone Advisors successfully owned and managed the property for 20 years after originally acquiring it in 1998. (Read More)

SAN DIEGO – Feb. 12, 2018 – Bringing around 100 full- and part-time jobs and a new prototype for its smaller footprint stores to the area, Carlsbad-based Capstone Advisors welcomes the opening of a Walmart Neighborhood Market at the Heritage Court Shopping Center in Indio (Read More) .

CARLSBAD, Calif. – July 3, 2017 – Carlsbad based Capstone Advisors has acquired DeMuro Corporate Square, a seven-building office and flex Industrial property in Tempe, Arizona. Capstone plans to reposition the property to supply ‘creative’ office and flex-industrial space to today’s contemporary firms looking for a unique work location in centrally located Tempe. (Read More)

SAN DIEGO– April 27, 2017   Carlsbad-based Capstone Advisors has signed leases with six new tenants for The Presidio, a recently renovated and repositioned retail center located in San Diego’s Linda Vista community and adjacent to the University of San Diego. (Read More)

CARLSBAD, CA – Jan. 17, 2017 – Capitalizing on a period of tremendous growth in the northern Reno area – complemented by nearby investments from Tesla, Amazon and Apple, among others – Capstone Advisors announces it has completed the acquisition of 98 acres of commercial and residential land known as Sky Vista in Reno, Nevada.(Read More)