DEL MAR, CA-Groundbreaking begins on a $250 million luxury resort and spa featuring a 261-room hotel, 50,000-sf clubhouse and 39 ownership villas spanning over 380 acres. Completion is set for January 2007.

LA MESA-The Wagner Family Trust acquires the Villa Sangria apartment complex at 8633 La Mesa Blvd. for $13.4 million. The property counts 100 units.

SEATTLE-First Industrial Realty Trust Inc. will develop the build-to-suit distribution facility for the home furnishings and gift retailer. The project is due to be completed late this year.

SAN DIEGO-The Lofts at 777 Sixth Ave. in the Gaslamp District sell for $35 million. The property is approved for condominium conversion, with unit sales are set to begin this summer.

SEATTLE-Washington Mutual's consolidation in downtown Seattle remains a factor in the office market, but Washington's market is strong and seeing a boost of activity compared with past quarters, Cushman & Wakefield reports.

SAN DIEGO, CA-Looking to expand into more space, Classic Party Rentals inks a 10-year, $4.7 million lease for 72,000 sf of warehouse space in Miramar. The move more than doubles the firm's space.

SAN DIEGO-The property will be an 87,000-sf shopping center and is slated for an August completion date. Future tenants include Union Bank, Wells Fargo Bank, Hollywood Video, Starbucks Coffee, Pick Up Stix.

SAN DIEGO-The property will be an 87,000-sf shopping center and is slated for an August completion date. Future tenants include Union Bank, Wells Fargo Bank, Hollywood Video, Starbucks Coffee and Pick Up Stix.