SAN DIEGO, CA-K. Hovnanian at Gaslamp Square LLC shells out $20.6 million to own and build out the second phase of the Gaslamp CitySquare mixed-use project Downtown. The complex transaction provides for Champion to buy back the subterranean parking and street-level retail components of the second phase when it is completed by Hovnanian in 2005.

SAN DIEGO-The Centre City Development Corp.'s board of directors recommends that the San Diego Redevelopment Agency approves a Disposition and Development Agreement for both of East Village Square LLC's proposed mixed-use projects that are slated to rise in close proximity to Petco Park's left and right fields.

SAN DIEGO-The developer seals the transaction with Fremont Investment & Loan and Corus Bank NA, which are co-lending the construction financing for the Mark, a $150-million, mixed-use project slated to rise in the East Village neighborhood of Downtown.

SAN DIEGO, CA-Oak Shelter Systems secures a Centre City Development Permit for the mixed-use project that it has proposed for Downtown. The development, which is slated to encompass a full block, will be comprised of 164 condo units; 48 apartments; 8,000 sf of retail space; and a 7,400-sf church.

EL CAJON, CA-Three California LPs and a private investor pick up the 338-unit complex, with plans to rehab the multifamily asset. Built in the late 1970s, the property features five pools, five spas, several private balconies and patios, carports, and extra storage facilities.

SAN DIEGO, CA-The residential builder acquires a 2.1-acre site in North Park for nearly $3.9 million, with plans to build a condominium and retail project here. Aside from 224 condo units, the development will also include 15,800 sf of retail space and two floors of underground parking.

SAN DIEGO, CA-The buyers, Momarfran Ltd. and Encin Real Estate Corp., have picked up the property as the upleg in a 1031-exchange transaction. Located at 3636 Camino del Rio North, the building encompasses approximately 29,475 sf.

SAN DIEGO, CA-BR Workforce LLC acquires the 82,236-sf asset, which stands at 3910 University Ave., from the San Diego Revitalization Corp. The property is 100% occupied by the San Diego Workforce Partnership.