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Carlsbad Building Sold

5816 Dryden Ave.
Photo courtesy of Stos Partners
Stos Partners, a real estate investment firm based in Encinitas, has sold a Carlsbad research and development firm it bought in 2019 for a profit of nearly $1.5 after renovating it.
The firm sold the 22,156 square-foot building at 5816 Dryden Place for $5.2 million to Fred Rosenthal of Fredmore, LLC.
Stos Partners bought the building in 2019 for nearly $3.8 million.
“Upon acquisition of this property, we leased approximately 85% of the space back to the seller, Professional Rugby team San Diego Legion,” says Stos. “This provided us with immediate cash flow as we implemented our strategic renovation plan to upgrade the asset, which included new landscaping, fresh paint, and modern interior office improvements.” ....

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State Roundup: New Covid variant found in Maryland as state launches 'GoVAX' campaign

Over 2,400 people got vaccinated at Howard Community College Saturday. MarylandReporter.com photo
COVID VARIANT FOUND IN MARYLAND: The new, highly transmissible coronavirus variant first identified in South Africa has emerged in Maryland, Gov. Larry Hogan announced Saturday, marking the second state to report a confirmed case of the mutated virus, report Derek Hawkins, Miriam Berger and Meryl Kornfield for the Post.
STATE LAUNCHES GoVAX CAMPAIGN: Pointing to a brighter future with fans at Baltimore Orioles games, backyard cookouts and family visits, community and political leaders launched Maryland’s “GoVAX” campaign Friday to convince people to get the coronavirus vaccine, Emily Opilo and Pamela Wood report in the Sun. ....

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