Harbor Associates, LLC of Long Beach has acquired Del Mar and Rancho Bernardo office buildings in separate transactions.
In a joint venture with the Irvine-based Bascom Group, LLC, Harbor Associates bought the 36,631 square-foot Del Mar building at 2010 Jimmy Durante Blvd. for $15.7 million.
Harbor Associates will renovate and rename the two-story building as The Bungalows.
Renovations will include new paint, bicycle and surfboard storage, outdoor showers, and outdoor seating.
Jon Anderson and Brooks Campbell of Cushman & Wakefield represented the seller. The buyers represented themselves.
Partnering with Denver-based Ascentris, Harbor Associates bought The Pinnacle building in Ranch Bernardo at 10920 Via Frontera for an undisclosed price.
Harbor and Ascentris plan to renovate the 110,110 square-foot building by adding outdoor covered seating and collaborative workspace with canyon views, modernizing the bicycle storage and locker room area, and redoing the lobby.
Built in 2007, the building is 93 percent leased.
Lynn LaChapelle and Bob Prendergast of JLL represented the seller. The buyers represented themselves.