SOLD /// We are psyched to kick off the year with announcing the sale of the Newman/IOOF building, an iconic North Park property with over 90 years of history within the community. Nate Benedetto from Next Wave Commercial represented the Seller, while Paul Ahern represented the buyer in this $6.3M transaction. Next Wave Commercial has been retained to oversee the leasing of the retail spaces, contact us for more information on the current availabilities.
JUST SIGNED /// JuneShine nabs new home in North Park, relocating their tasting room to the neighborhood’s new mixed-use development, The Jackson. “Speaking on behalf of the whole JuneShine crew, we couldn’t be more pumped to throw open the doors to an incredible indoor/outdoor space come Spring”, said Forest Dein, COO & co-founder. Check out Eater San Diego for the full scoop and additional coverage. Next Wave Commercial represented both the tenant and landlord in this transaction.
Brunch aficionados rejoice! Rise & Shine Restaurant Group’s newest morning eatery Gaslamp Breakfast Company will be open to the public tomorrow. Check out Eater San Diego for the full coverage. Next Wave Commercial represented the landlord in this transaction.
Coffee [cof-fee]: (n.) survival juice
Big congrats Lofty Coffee on opening their 5th location, slated to debut this Saturday at Asana Partners new development The Beacon in La Costa. We love helping incredible brands like Lofty grow and are excited to see Asana Partner’s vision come to life. Much respect to Retail Insite who represented the landlord side.
Congrats to Brian Malarkey and Christopher Puffer on debuting their newest stunner, Herb & Sea, which opens to the public today in Encinitas. Building upon their recent smash hit Herb & Wood (2016 Eater Restaurant of the Year and Chef of the Year), this coastal version is set to make WAVES by the beach. Next Wave Commercial proudly represented the tenant in this transaction. Huge thank you to the Urban Strategies Group who represented the landlord. #BetterMakeThatReso
COMING SOON /// Cold Beers & Cheeseburgers announces their 12th location opening next week in Carlsbad Village. Replacing the former 83 Degrees restaurant, CB&CB will be opening in 5,500 SF with a 2,000 SF dog friendly patio, and feature over 50 TVs with a full cocktail bar and 48 beers on tap. Check out Eater San Diego San Diego’s latest article for the full coverage. Next Wave Commercial represented the tenant in this transaction. #CheeseburgerInParadise
JUST SIGNED /// Good things come to those who SWEAT. We’re pumped to announce that F45 Training will be opening a new facility in downtown La Mesa in early 2020. Next Wave Commercial represented the tenant in this transaction.
WORD IS OUT /// Industry breakfast vets Rise & Shine Hospitality will be debuting another daytime eatery in the historic Gaslamp Quarter which is set to debut by January 2020. Read up more on the Gaslamp Breakfast Company’s future plans via EATER San Diego’s latest article. Next Wave Commercial proudly facilitated this transaction.
Eater Article with full coverage –> Here
Money can’t buy you happiness, but it can buy Camp Coffee. Huge congrats to our friends at Camp Coffee Company on opening their first location at Pierside South in Downtown Oceanside. Next Wave Commercial represented the tenant in this transaction, big thank you to Spencer Kerrigan at VOIT who represented the landlord.
Meet Dino De Salvio – Dino is a graduate of the University of San Diego with a degree in Real Estate & Business Administration. Born in San Diego and raised on Maui, Dino has a passion and appreciation for fine dining in beautiful places. His background includes a junior asset management and investment analyst role for a private real estate investment firm, which acquired income-producing commercial and residential properties. As an avid surfer and former president of the USD Surf Team, Dino has lived in New Zealand and traveled all around the globe searching for perfect waves. With a unique perspective on cultural styles and architecture, along with his business education and background on the investment side of real estate, Dino serves as a well-rounded real estate consultant. Please join us in welcoming Dino to the NWC team
Southern California’s favorite all-day chicken & egg concept has officially opened their doors in Las Vegas! Such an incredible opening weekend with the Crack Shack team celebrating the brand’s first coop outside of California.
We are proud to announce that the Miller Hull San Diego office has leased 5,200 SF of bayfront office space at the Promenade at Point Loma. After searching all over San Diego county, it made sense for the firm to eventually land in a building they originally designed themselves… Built back in 2009, this award-winning restaurant & office complex is a stunning example of why Miller Hull is one of the top architectural firms on the West Coast. Next Wave Commercial represented the tenant in this transaction.
Forget the flowers, bring her TACOS… Huge congrats to Sanchos Tacos on opening their 6th location in downtown Oceanside! Next Wave Commercial represented the tenant in this transaction, big thanks to Colliers International who represented the landlord.
One of a kind retail asset located near 30th & University Avenue in the heart of North Park. Next Wave Commercial represented both the buyer and seller in this off-market transaction that closed for $2.52M. Contact us for more details.
We’re psyched to announce Juneshine’s culinary partner Enclave who will be providing food service at their new 25,000 SF production facility and tasting room in Scripps Ranch. Check out Juneshine Ranch’s grand opening this Saturday 6/15 2-9pm. Next Wave Commercial represented Juneshine on procuring their food service provider.
Cohn Restaurant Group sets their sights on Westroot Tavern in Carmel Valley and is scheduled to take over the establishment July 1st. Stay tuned for further announcements to come on CRG’s plans of revamping the venue later this year. Next Wave Commercial represented both the seller and buyer in this transaction.
We are absolutely stoked to have been a part of bringing plant based pioneers Davin & Jennier Waite’s new concept to fruition in South Oceanside. Check out The Plot Restaurant and stay tuned for more details to come as they continue to grow into their newest location. Next Wave Commercial represented the tenant in this transaction.
Word is out on the streets over Golden Hill’s new Vietnamese eatery and cocktail bar slated to open this winter. Founded by the owners of Crabhut eateries, Kingfisher was named after the many species of colorful waterbirds found in Vietnam, and will be featuring sharable plates of Vietnamese classics in addition to a progressive, forward-thinking cocktail program consisting of complex builds and obscure ingredients. Next Wave Commercial represented both the tenant and landlord in this transaction.
COMING SOON /// We are psyched to share that North County restaurant vets, Grant and Jenny Gottesman, will be debuting their newest hospitality concept Black Rail Kitchen & Bar in Carlsbad later this summer. With a design inspired by the luxury social clubs of 1940’s New York City, Black Rail Kitchen & Bar will be an upscale yet comfortable space where guests can enjoy two separate dining areas joined by a hallway featuring soaring barrel vault ceilings. Renderings/design courtesy of the incredibly talented folks at My Studio ID. Next Wave Commercial represented the tenant in this transaction, huge thank you to John Jennings and Aaron Hill with Newmark Knight Frank who helped facilitate on behalf of the landlord.
Next Wave Commercial is an innovative, full-service commercial real estate brokerage firm known for retail, restaurant, and creative office property sales and leasing throughout San Diego County’s best neighborhoods.
We are seeking tenacious, like minded thinkers who are entrepreneurial in spirit, crave creativity, and are interested in breaking into the fast-paced world of commercial real estate through an apprenticeship. Ideal candidates are outgoing, self-motivated individuals with strong interpersonal skills, and can demonstrate the ability to effectively manage time and multi-task.
Click Here For Full Posting – NWC – Junior Associate Position
NOW OPEN /// Introducing Oceanside’s newest coffee outpost – Steel Mill Coffee, offering patrons a one-stop shop for scratching that caffeine itch and picking up an old favorite vinyl record. We could not be more stoked to have helped skateboard legends Tony Hawk and Riley Hawk score this spot. Very much looking forward to many post-surf coffees here to come. Next Wave Commercial represented the tenant in this transaction. #MorningJoe
SOLD /// 3401 Adams Avenue | Normal Heights multi-tenant, corner retail property with 18 stall parking lot. Built in the 1940’s as a former Safeway, this Art-Deco gem with 20′ ceiling heights has serious potential. Next Wave Commercial represented the buyer in this off-market transaction. #NotOnLoopnet
COMING SOON /// You can’t buy happiness but you can buy donuts. And that’s kind of the same thing… We are psyched to announce the expansion of Donut Bar who will be adding a new outpost in Oceanside later this year. Next Wave Commercial represented the tenant in this transaction. ???
COMING SOON /// Flap Your Jacks, a new daytime eatery with a full bar and focus on breakfast is heading to North Park this Summer. Check out Eater San Diego for the full coverage of this new concept led by a team of seasoned hospitality vets. Next Wave Commercial represented the landlord in this transaction.
NOW OPEN /// Check out East Village’s newest beer emporium WhipHand that debuts tonight after acquiring the space that previously housed Salvucci’s Restaurant. Brought to you from the team behind Grind and Prosper Hospitality, WhipHand feature will feature 24 self-serve beer taps, artisan cocktails, and a menu centered around American favorites. Next Wave Commercial facilitated this transaction on behalf of the tenant and prior operator.
SOLD /// We’re pleased to announce the sale of Rubicon Deli in Mission Beach. Although some may be bummed over the news of Rubicon’s exit of their original San Diego location, sandwich aficionados can rest assured over still being able to get their fix at any of the other 3 Rubicon Deli locations in town. Next Wave Commercial represented the seller in this transaction.
OPENING ALERT ?
Attention Pasadena: Chicken is coming… ??
Southern California’s favorite all day chicken & egg concept @getcrackshacked sets its sights on debuting their 5th location later this month in Old Town Pasadena. Next Wave Commercial represented the tenant in this transaction.
COMING SOON /// We’re psyched to announce that Fish District will be opening their 6th location in Torrey Hills later this year. Next Wave Commercial helped facilitate this asset purchase and new lease on behalf of Fish District and the prior restaurant owner BBQ Republic. Stay tuned for more details to come…
SOLD /// Off-Market Golden Hill multi-tenant building on main thoroughfare. Next Wave Commercial represented the buyer in this transaction and has been retained to facilitate leasing up the remodeled restaurant and creative office spaces. Contact us for more details or to schedule a time to tour.
JUST CLOSED /// 2856 Adams Avenue mixed-use retail property, stay tuned for more details to come on this owner/user sale.
Next Wave Commercial represented the buyer in this transaction.
SOLD /// We’re pleased to announce the sale of 3365 India Street in the Mission Hills, a 3,300 SF landmark property that has housed one of San Diego’s most iconic watering holes for the past seven decades. Amidst rumors of this sale listing and potential redevelopment, our client acquired this piece of San Diego history in an effort to preserve its legacy for generations to come.
Next Wave Commercial represented the buyer in this transaction, the seller was represented by Melroy Property Management.
We’re psyched to announce the sale of Pappalecco’s Cardiff location on San Elijo Road overlooking the campgrounds. Big congrats to the team at Fish 101 Restaurant adding the new spot and very much looking forward to some post-surf Baja fish tacos here in the near future.
Next Wave Commercial represented Pappalecco Cafe in this transaction.
“The Crack Shack is already a well-established name in the fried chicken genre, successfully operating for years down in San Diego. Now Blais, founder Michael Rosen, and culinary director Jon Sloan are in expansion mode, planning locations everywhere from Costa Mesa in Orange County to Pasadena to this Westfield Century City newcomer. The latter is the first to land in Los Angeles proper, and should open with a bang late next week.” – EATER LA
Pick up the June edition of Modern Luxury and Advance to the back page to see our one and only Nate “Advance Man” Benedetto in the Look Who’s Talking column . Although Nate cannot take their title seriously he is honored to be featured and deemed the “restaurant industry’s ultimate location scout.”
The Patio Group announces making a first foray into North County by acquiring the Open House restaurant location in Downtown Encinitas. Being longtime fans of The Patio Group and their family of restaurants we am incredibly excited to see Gina Champion Cain and her team implement their flagship brand here in downtown Encinitas. Huge congrats to the American National Investments team and absolutely stoked to have you up here in North County. Next Wave Commercial represented both the buyer and seller in this transaction.
NOW OPEN /// Check out Frost Me Cafe & Bakery, the first eatery to launch at HG Fenton’s Piazza Della Famiglia project located in the heart of Little Italy. Cam Lacey represented the tenant in this transaction.
Let juice be thy medicine and medicine be thy juice. We’re psyched to announce that Choice Juicery is expanding and will be opening their 4th location in Little Italy this Summer. Next Wave Commercial represented the tenant in this transaction, big thanks to Urban Property Team @ Colliers who helped facilitate this deal on behalf of the property owner.
Check out EATER San Diego’s coverage and full article here – Juice Bar & Healthy Cafe Coming to Little Italy
Say hello to Consortium Holdings latest creation at Westfield UTC. Raised by Wolves brings elements of an 1800’s French Nouveau-esque bottle shop offering vintage spirits, bar accessories, and an epic reservation only cocktail bar hidden behind a secret 360-degree revolving fireplace mantle. The Basile Studio team did an incredible job of bringing this space and concept to life. Huge thank you to Adam Corti for all of the help in putting this deal together, and of course Arsalun and the entire Consortium Holdings team for this morning’s hangover. Doors officially open to the public next week on April 16th, make your reservations now and have a seat by the fire.
We’re pleased to announce the sale of the The Red Door restaurant in Mission Hills. The new owner is a Milan, Italy-born chef, Luciano Cibelli who has lived in San Diego since 2002 and intends on continuing to practice the Red Door’s philosophy of sustainable farming and sourcing. Next Wave Commercial represented both the buyer and seller in this transaction. Check out the full article on Eater San Diego – HERE
Next Wave Commercial has been enlisted by the University California San Diego to elevate the campus retail offerings by attracting innovative restaurant and retail operators to some of the new developments happening both on and off the main campus. Check out the full article here in the San Diego Union Tribune – UC San Diego ups its dining offerings by going local
Check out this past week’s article in the SDBJ featuring Nate Benedetto and how he has helped his restaurant clients secure some of the highest profile spaces in neighborhoods like Little Italy. Full article here – Local Broker Brings Knowledge and Creativity to the Table
Located just a few skateboard pumps off the sand, this prime Pacific Beach multi-tenant retail building has been sold for the first time in over 40 years. Next Wave Commercial represented the buyer in this transaction, the Seller was represented by Berkshire Hathaway.
We are pleased to announce the closing of 315 10th Avenue, two built-out commercial condo units in East Village that formerly housed the Dragon’s Den restaurants. Next Wave Commercial represented the seller in this transaction, the buyer was represented by Michael Burton of Flocke & Avoyer.
Mission Hills local watering hole changes hands after nearly three decades of the same owner. Big congrats to the owners of Concept Two Seven Eight on adding this nice gem to their growing portfolio of food & beverage establishments. Check out the full article available online via EATER San Diego. Next Wave Commercial represented both the tenant and landlord in this transaction.
Bird’s the word, check out the Crack Shack’s newest Costa Mesa coop that officially opens to the public today. Full article available HERE via the OC Register.
RAISED BY WOLVES | Consortium Holdings announces its newest project at Westfield UTC’s $700M phase II expansion. Check out the full article on EATER San Diego for full coverage of this dynamic retail bottle shop and reservation only cocktail bar. Paul Ahern represented Consortium Holdings on this lease transaction.
455 10th Avenue – Fresh Italian pasta coming in hot to East Village. Next Wave Commercial represented Monzu Pasta on this new lease that also involved an asset purchase.
We are pleased to announce the closing of 3707 5th Avenue, formerly occupied by Busalacchi’s Modo Mio restaurant. Swami’s Cafe acquired this 3,414 SF corner restaurant property in Hillcrest. Scheduled to debut in early 2018, this will be the company’s 11th restaurant location in San Diego County. Next Wave Commercial represented the buyer in this transaction.
We are incredibly proud of our forward thinking friends over at MIHO Catering for leasing 11,000 SF of food production facilities to support their growing family of brands. If you’re thinking about throwing a private party or event, make sure to contact MIHO to learn more about their new school approach to hand made cuisine and farm-to-table catering. Next Wave Commercial represented the tenant in this transaction.
Opening this Thursday with over 2,000 reservations already on deck, Consortium Holdings debuts its newest steakhouse in the former Nelson Photo Shop building after over 2 years of high anticipation. Check out the full article HERE on EATER San Diego. Nate Benedetto represented Consortium Holdings on this off-market transaction.
We are pleased to announce that San Diego’s favorite casual chicken and egg concept will be finding it’s next home at Westfield’s Century City. Check out the full article via Eater LA by clicking HERE. Next Wave Commercial proudly represented the Crack Shack in this transaction.
Much respect to our friends over at LWP Group who today sold their taco outpost Tacos Perla in order to focus more of their time, energy, and efforts on their core business of real estate development. Make way for the North Parker’s newest addition, the Taco Stand, who will soon be opening their 4th location here in San Diego with a 5th opening in Miami later this summer. Next Wave Commercial represented both the buyer and seller in this transaction.
Huge congrats to longtime Hillcrest food & beverage veteran Michael Saltsman and partner Scott Borden on closing escrow today and taking over Uptown Tavern. Next Wave Commercial represented both the buyer and seller in this off-market transaction.
Choice Juicery is growing! Congrats to Nastasha McKeon and her team on signing the lease for a new kitchen production facility to help support the existing stores and position the brand for opening more in the next year. Your contagious passion for educating and encouraging others to make positive healthy life choices is beyond inspiring and we are so incredibly stoked to be working alongside you and your amazing company.
The word is out! We’re pleased to announce that Napizza will soon be opening their 5th location and joining the exciting roster at Westfield’s highly anticipated $600M expansion of their UTC mall. Big congrats to the founders Chris and Giulia, it’s been an absolute pleasure working alongside with you and wishing you all the best as you continue to grow your pizza empire throughout Southern California.
We are pleased to announce the sale of Gustatory restaurant in Coronado. Five years after taking over one of Coronado’s oldest institutions, Chez Loma, Chef Alejandro Martinez is expanding his culinary presence and will be introducing a new traditional Mexican themed concept called Fonda Don Diego. Nothing makes us happier than helping longtime clients turn their vision into value. Next Wave Commercial represented the tenant in this transaction.
SOLD /// We are pleased to announce the sale of Rare Form and Fairweather in East Village. Big congrats to the new owners and Consortium Holdings who will be channeling resources into their newest stunner Born & Raised that is slated to open later this Summer. Next Wave Commercial represented both the buyer and seller in this off-market transaction.
While most dive bars are known for cheap drinks and food that might kill you, an occasional few hold decades of history within their walls, and in this particular instance also an epic neon sign and liquor license that dates back to the 1940’s. We are proud to announce that today we closed escrow on the sale of this classic La Mesa dive and passed along the torch to the new owners who look forward to carrying on the legacy. Next Wave Commercial represented both the buyer and seller in this transaction.
Consortium Holdings has targeted a May launch date for Born & Raised, which many consider one of the most anticipated openings of 2017. Born & Raised will be taking shape as a classic American Steakhouse with a sizable $6.5 Million budget. The landmark Little Italy site incorporates 225 seats within a 10,000 SF footprint, that also includes a newly accessible rooftop deck. Nate Benedetto represented both the landlord and tenant in this off-market transaction, read more here on Eater for the full story – Luxe Two-Level Steakhouse Sets Spring Due Date in Little Italy
We are incredibly psyched to announce the newest addition to our team. Cameron Lacey joins Next Wave Commercial as Senior Associate specializing in landlord sales/leasing advisory in the La Jolla Coastal community as well as tenant rep/site selection throughout San Diego County.
The highly anticipated opening of the Crack Shack’s second edition in Encinitas will be officially be debuting to the public next week. “Eaters can soon flock to the newest hatchling from the team behind Juniper & Ivy, including owner Mike Rosen, chef/partner Richard Blais and executive chef Jon Sloan. Nestled into a busy Encinitas corner, the 6,000-square-foot restaurant isn’t quite as open-air as its Little Italy predecessor, but the indoor/outdoor space is appealingly breezy and the retractable roof ensures comfortable year-round dining.” – Candice Woo, Eater San Diego
Check out Eater San Diego’s full coverage here – Crack Shack Encinitas
SOLD /// 3201 Adams Avenue – Today we are thrilled to announce the closing of this 3,500 SF single tenant restaurant property in the bustling Normal Heights neighborhood. Next Wave Commercial represented the buyer in this transaction and negotiated a new lease on behalf of the new owner while in escrow. The Seller was represented by Avaron Realty.
Life is too short to wonder where you hid your waffle maker. Get ready downtown San Diego for the incoming of StreetCar Merchants who is bringing their signature fried chicken, doughnuts, and coffee concept to the Gaslamp! Since opening their original North Park outpost in 2014 and recent opening in La Jolla, the Gaslamp will mark the 3rd restaurant location for the group in San Diego County. Next Wave Commercial Represented the tenant in this transaction and the landlord represented them-self.
As we wind down through these last moments of 2016 and reflect upon the close of our first year in business, we wanted to take the time to sincerely thank all of our clients, colleagues, friends and family for your support as we kicked off and launched our brand. We are completely overwhelmed and humbled by how incredible things have started off, and look forward to growing our team with big things to come next year. We wish you all a safe, happy New Year and look forward to seeing you in 2017. All the best, Nate & Paul
Be on the lookout for Nozaru bringing edgy authentic Japanese noodle slurping to Adams Avenue in early 2017… And no, not the kind of ramen you lived off of in college. Nozaru is a new concept being developed by local restaurateur Hiro Tokairin who currently operates two Japanese Sushi restaurants. Next Wave Commercial represented both the buyer and seller in this off-market transaction.
Flags are up! All day chicken & eggs will be coming soon to Encinitas. We could not be more excited to see how The Crack Shack’s 2nd location is now starting to take shape and expected to debut in February 2017. “At 6,000-square-feet with plenty of area parking, it’s larger than the original but will function similarly, with counter-style ordering, a see-through kitchen, and to-go window that features its soft-serve ice cream machine and an espresso bar fueled by Lofty Coffee Co.” – Candice Woo, Eater San Diego. View the full story and renderings HERE in Eater San Diego’s full write-up of the coverage.
JUST SIGNED – We are thrilled to announce the expansion of San Diego based Napizza who has leased 1,200 SF of retail space on Coast Highway in downtown Encinitas. From inception Napizza’s authentic Roman style pizza and organic salads have become widely popular amongst San Diegans after opening the 1st location in Little Italy in 2012. Encinitas marks the 4th location amongst the company and is expected to debut in early 2017. Paul Ahern represented Napizza in this transaction, and a big thank you to Andrew Peterson of Cushman & Wakfield who represents the property owner and helped facilitate this deal. For more information on Napizza please visit their website – www.na-pizza.com
Next Wave Commercial is pleased to announce the sale of 3020 University Avenue in North Park. The buyer in this off-market sale was represented by Nate Benedetto, while the Seller of the property was represented by Rich Lee of CFI San Diego. Nate Benedetto has been retained by the new owner to handle the leasing of the subject property and will be seeking high caliber restaurants, breweries, and retailers to occupy the remaining available space. For more information on the listing please contact Nate or to view the marketing brochure – CLICK HERE
We are thrilled to announce the expansion of San Diego based Rockin’ Baja Lobster who has leased 8,500 SF of retail space at Mira Mesa Shopping Center West. While expected to debut in early 2017, Mira Mesa marks the opening of their 5th restaurant in the company between San Diego and Orange County. Originally founded in 1985, Rockin’ Baja Lobster is known for bringing traditional Puerto Nuevo style lobster dinners to this side of the border. Paul Ahern represented the tenant in this transaction, and John Jennings of Newmark Grubb Knight Frank represented the landlord.
Big congrats to the Choice Juicery team on inking a lease today to open their 3rd location at Del Sur Town Center! Words cannot describe how grateful we are to be working with such talented and intelligent individuals with a contagious passion for encouraging others to make positive healthy choices in life. Paul Ahern represented Choice Juicery in this transaction. www.choicejuicery.com
Nate Benedetto helped the Crack Shack expand to Encinitas and Costa Mesa.
To read the full article on The San Diego Union Tribune, click here.
Two guys, one passion and a new business venture. After working together on a few transactions over the past few years we realized that we both had similar drive, extensive market knowledge and an authentic approach to the industry.
We are excited to team up, merge our networks and build an innovative company together. Our mission is to work with excellent clients and to serve them better than they ever even thought possible. We want to be the brokers you turn to when your project needs a fresh, more current tenant mix…or if you are a tenant or buyer who wants to uncover the diamond in the rough opportunity.
We couldn’t’ be more excited to finally get to say “Next Wave Commercial is open for business.”