Our expertise encompasses land development, investment sales, syndication, financing, leasing/stabilization, consulting, construction and management
Select Projects
Millenia Retail Development - Eastlake (San Diego)
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1.87 Acre, 4-building, 30,000 SF Ground Up Retail Development
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Located within a 210-Acre Master Planned Community consisting of over 3,000 homes, hospitality, retail, and public parks
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Spire integral in sourcing and arranging transaction through a strong relationship with the Master Developer and incoming buyer group
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Off-market transaction
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Spire responsible for pre-leasing and stabilization prior to completion of construction, as well as on-going construction management
Owner-User Industrial Sale - Kearny Mesa (San Diego)
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29,442 SF Single-Tenant Industrial building on 1.61 acres of land
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Located in the exclusive, centrally located industrial submarket of Kearny Mesa
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Advised San Diego County Office of Education on the Purchase
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Utilized our local relationships and network to identify and execute the transaction off-market and in a timely manner
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The negotiations included custom, turn-key improvements handled by the seller for the buyer prior to closing and occupancy.
Industrial Sublease - Morena Area (San Diego)
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2 building, 22,871 SF Industrial and Office property Sublease
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Spire assisted the client (tenant) on relocating operations to a superior location and upgraded building
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Identified a subtenant through our network prior to marketing
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Negotiated a sublease for the entire property and remainder of the lease term, which relieved tenant of the majority of their rental obligation for the next 5 years
Multi-family Ground Up Development - Escondido (San Diego)
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16,017 SF corner land parcel in Escondido, improved with a 5,101 SF retail/office building
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Spire and partner purchased to redevelop into a 35-unit MF asset
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Spire as co-GP to handle all property-specific strategy such as acquisition, design, GC selection, financing, construction management, leasing/stabilization, and disposition
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Total project cost of $11,000,000
Office Value-Add Investment - Poway (San Diego)
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Two-story, value-add office building in the heart of Poway
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Spire as the sole Buyer, occupying a portion
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Off-market acquisition
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Structured time to obtain favorable SBA financing
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Full interior/exterior reposition
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Rental Income from additional tenants
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"Path of Progress" mixed-use zoning for future development
Multifamily Development Assemblage Escondido, CA​
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1.3 acre, 7-parcel assemblage in Downtown Escondido
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Spire sourced deal off-market and brought in developer
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Structured unique Option contract allowing time for entitlements
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170+ unit residential project approved by City
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​$3,400,000 total consideration
Class A Office Sale - El Segundo (L.A.)​
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5,723 SF 2-story Class A Office Condominium
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Relocation of Law Firm out of an inferior leased location
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Ideal El Segundo Location in a tight owner-user market
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Located in a Class A bussiness park with surrounding ammenities
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Spire Represented the Buyer
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$4,000,000
Agricultural Investment Sale - Valley Center
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17.5 acre, 4-parcel property in Valley Center
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Value-add avocado grove investment
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Additional income from multiple residences
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Spire represented Buyer
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$1,500,000 Purchase
Rancho Bernardo Office Building Sale
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6,075 SF, 2-story office building
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Very tight Rancho Bernardo suburban office market
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Spire brought in financing partner with attractive terms for Buyer
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Represented Buyer, an owner-user accounting firm
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Spire to step in as ongoing asset manager and leasing agent
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$2,500,000
Sorrento Mesa Office Lease
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5,190 SF ground floor office suite
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Represented tenant, a long-time Spire client
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Relocation from existing substandard location
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Long-term Lease with Landlord-provided improvements
Educational Facility​
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15,800 SF educational space
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Identified turn-key solution for school to operate while constructing a new campus
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Facilitated off-market
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Intricate lease structure involving previous tenant, landlord, and bond holders
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Spire represented the Tenant
Tesla Dealership (Out-of-Market) - NNN Investment - 1031 Exchange
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Spire advised Buyer to fulfill their 1031 Exchange Requirement
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Worked alongside the family office for several years as they traded their downleg to a national home builder
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Identified credit-tenant asset to replace $9M in a very competitive NNN Investment market
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Collaborated and negotiated with out-of-market brokers, title, and escrow
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Advised on multiple construction and permit items during due diligence
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Executed the transaction in a timely manner within the 1031 time frames
2202 Comstock Street, San Diego
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35,000 square foot, newly-constructed educational campus in Central San Diego
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Advised San Diego County Office of Education on the purchase
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Off-market transaction
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Unique, private RFP process, in which we excelled and won the deal
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Several lenders and government entities involved
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Completed the transaction in under 30 days
37 ECB
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30,000 square foot educational and community center
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Advised San Diego County Office of Education on relocation of their central hub
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Focus on creating a new image to better service their students and the community
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Identified a unique opportunity and structured a long term build-to-suit project in a strategic location
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Recognized the potential of the location and worked alongside the owner/developer to navigate the complicated lease, construction, and financing hurdles.
La Mesa (San Diego) - Value Add - Multi-family
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Spire as Principal/Owner
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Off-market acquisition of three single family homes situated on a 23,000 square foot lot
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Challenges: quick close, deferred maintenance, existing tenants
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Value-Add: rent growth, add ADU, lot split, future development
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Results: Full rehab, 80% increase in rents, ADU and lot split underway
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Strategy: LT Hold, future development with adjacent up-zone
North Park, San Diego - Ground-Up MF Build
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Spire as Principal and Lead Developer Role
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13-unit ground-up residential development in North Park at the intersection of Adams and 30th St
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Off-market acquisition, all-cash purchase
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Challenges: irregular, narrow lot encumbered by significant public easement
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Creative Hold: rehabbed existing SFH and operating as short-term vacation rental to off-set development soft costs during entitlement
Poway City Contract Development
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Exclusively working alongside Meridian Development to entitle and develop on City/Poway Housing property
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Included 7 City parcels and 3 off-market private properties to assemble
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Project includes 44 affordable housing units, 98 for sale condos and about 25,000 SF of commercial space
Keene, TX private development – advisor/broker
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Unique County property to annex into City property for the benefit of 30 acres of development with huge deferred tax incentives on infrastructure
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Development to include service retail, housing and limited other commercial.
Avocado Grove, Escondido CA
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University Heights (San Diego) - Value Add - Multi-unit
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Spire as Principal/Owner
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Acquisition of SFR in desirable 'North of Adams' University Heights Neighborhood
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Challenges: deferred maintenance, competitive situation, COVID-19 Market
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Value-Add: re-configure floor plan, create additional unit, ADU, tiny-home site, future development
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Strategy: LT Hold, rent and land value appreciation, future development
Chula Vista (San Diego) - Owner-User Medical
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Spire advised Seller on the sale of a stand-alone retail building
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Achieved then-highest price/SF during volatile Covid-19 Retail Market
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Produced several offers and identified the seasoned medical group as the qualified buyer
Assemblage of 7 Industrial Commercial Condos
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Spire advised on the sale of 7 condos in the Kearny Mesa Industrial Market
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Represented the court-appointed receivership that was tasked with selling the asset
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Complicated transaction involving several parties, the Court System, receiver, attorneys and cannabis players
Recent Transactions
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$14,200,000 Sale of a 35,000 SF Class A/Educational Facility | Central San Diego – (Represented Buyer)
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$8,950,000 Sale of an Out-of-Market Class A NNN Tesla Dealership | 1031 Exchange - (Represented Buyer)
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$3,280,000 Investment Sale of an Assemblage of 7 Industrial Commercial Condos | Kearny Mesa (Represented Seller)
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$2,600,000 Sale of a 12,000 SF Mixed-Use Project | Kearny Mesa – (Represented Buyer)
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$4,100,000 Investment Sale of a Multi-Tenant Retail Center | North County – (Represented Buyer)
$1,900,000 Investment Sale of a Multi-Tenant Retail Center | North County – Complex Ground Lease
24,000 SF Build to Suit Lease involving highly specialized Education Tenant (Represented Tenant)
$1,060,000 Long Term Lease with High-End Retail Tenant in Exclusive Downtown La Jolla
$1,272,000 Investment Sale of a Commercial Condominium in Coronado (Represented Seller)
14,000 SF Investment Sale of a Multi-Tenant Office Building in Kearny Mesa (Represented Seller)
$1,655,000 Owner-User Medical Sale of 4,160 SF Stand-Alone Retail Building in Chula Vista (Represented Seller)
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Multiple Ongoing Development Assemblages for Ground-Up Multifamily Projects