SAN DIEGO—Progress has finally been made on the development of the Glen at Scripps Ranch, a continuing-care retirement community, no thanks to CEQA regulations, Colliers International broker David Santistevan tells GlobeSt.com. Santistevan and Colliers broker Gunder Creager represented buyer the Glen at Scripps Ranch LLC, an affiliated entity of Continuing Life Communities, and seller Alliant Educational Foundation in the $18.5-million sale of a 53-acre land parcel in Scripps Ranch to the buyer for the development of the community. We spoke exclusively with Santistevan about the transaction, the planned development and the Scripps Ranch senior-housing market.

GlobeSt.com: How would you characterize the Scripps Ranch seniors-housing market?

Santistevan: There's a pent-up demand; the interest list for this project is off the charts. There are so many people who sign up and pay a deposit to be on the reservation list. This is the same developer as La Costa Glen, which is a phenomenal senior community in Carlsbad. The Baby Boomers are getting to be the age when it's time to start thinking of that. Auberge at Del Sur, an age-restricted community in Del Sur, was just released; they can't build them fast enough—they're flying off the shelves. This shows that we're not providing enough housing for seniors, and developers are looking for places to do senior-based projects. To find a 53-acre parcel is near impossible.