SAN DIEGO-As Centex Homes nears completion on its Montefaro condo project, the Dallas-based developer is moving steadily through the approval processes necessary to begin work on its Avion mixed-use complex.
SANTEE, CA-Carlton Villa Housing Partners LP acquires the Santee affordable housing asset from private investor Carlton Country Club Villas of San Diego. The purchase has been financed with tax-exempt bonds and tax credits.
SAN DIEGO-The auto repair chain signs a lease agreement with landlord Gas Plus for 5,240 sf in the city. Located at 3425 Midway Dr., the newly leased space includes four service bays.
SAN DIEGO-Mayfair dba Trilogy on Fifth LLC snaps up the property from O' Bryan Family Trust for $1.8 million. The new owner plans to build a 25-unit luxury condo project on the site.
LA JOLLA, CA-With build-out slated for March 2004, Centrex Homes is wrapping up construction on its Montefaro condo development that is rising at 7255 Girard Ave. here. Upon completion, the project will consist of 48 luxury units housed in a total of five buildings.
SAN DIEGO-Cisterra Partners chooses CB Richard Ellis to assist with both marketing and leasing efforts at DiamondView Tower, an $80-million office project slated for completion in early 2006.
LA JOLLA, CA-Borrower PGP La Jolla LLC has received the funds from a New York-based institutional lender. It will use the capital to refinance its 6,752-sf office asset located at 1150 Silverado St. in La Jolla.
SAN DIEGO-The San Diego City Council has agreed to purchase a parcel located at 215 Washington St. for the future site of the new Mission Hills/Hillcrest Branch Library.
WOODLAND HILLS, CA-The Warnerview office building was suffering from sagging occupancy after a law firm closed its doors, leaving the building 65% occupied. The building's new owner, however, is planning an aggressive marketing campaign and expects to put the property back on track at 85% occupancy within six months.
SAN DIEGO-Aardema Family Trust acquires the facility, which it plans to hold as an investment. Encompassing 55,450 sf, it stands at 4255 Ruffin Rd. in the Kearny Mesa area of the city.