Mixed-Use Development Sold Through ReceivershipWednesday, February 20, 2013
The Lofts at Moonlight Beach, a newly constructed mixed-use development in Encinitas, has been sold out of receivership at an undisclosed price. The property at 90 North Coast Highway 101, with a total of 40,709 square feet, was built in 2008 and includes 15 residential condos and 15 retail suites.
The seller was receiver Gregg Williams of Trident Pacific Real Estate Group, represented by brokerage firm CBRE. According to a CBRE statement, the property was acquired by two separate legal entities.
The residential component was acquired by MB Lofts LLC, and the retail part was purchased by Equity Two Properties LLC.
All but three of the retail suites are occupied, with tenants including Curran & Curran law offices, Matthew Pequignot Legal Services, Mosaic Sports Management and Lofty Bean Coffee Bar.
— SDBJ Staff Report