SAN DIEGO-Locally based Crown Pacific Properties LLC has joined up with AEW Partners IV LP (a fund managed by Boston-based AEW Capital Management LP) to form a joint venture partnership that will focus on institutional-quality multifamily assets in the Western US.

MURRIETA, CA-Madison Marketplace II LLC sells the retail asset to Madison Marketplace SA LLC. Encompassing 53,000 sf, the facility is anchored by an Ashley Furniture store.

SAN DIEGO-Construction is currently under way on the Renaissance at North Park, a $32-million, mixed-use redevelopment project that will deliver 96 affordable units for seniors upon completion. Other components include 14 three-story townhomes; 6,000 sf of commercial space; and 6,000 sf to be used as a community center or retail space.

LA JOLLA, CA-Locally based Equus Realty Advisors LLC has brought 11-year industry veteran Roger C. Simsiman on board at the firm, where he will serve as COO. In this capacity, Simsiman will oversee the profitable operations of all Equus-related entities and operating companies.

CHULA VISTA, CA-CT Self Storage Fund shells out $6.9 million for the property, which stands at 1160 Third Ave. here. The asset encompasses a total of 90,000 sf.

SAN DIEGO-The proposed mixed-use project is gaining ground, as evidenced by the Centre City Development Corp.'s recent recommendation to the San Diego Redevelopment Agency to approve the amended and restated owner participation agreement with the project's developer, McKinnon Properties Inc.

SAN DIEGO-BRE Commercial becomes a member of Grubb & Ellis Co.'s affiliate network, in a move that will give the locally based firm access to resources of a global scale.

CHULA VISTA, CA-New York-based One Liberty Properties Inc. snaps up the 60,000-sf asset, with company officials calling it a good fit for the REIT's portfolio. The theater is net-leased on a long-term basis to Regal Cinemas Inc.