SAN DIEGO-The joint venture entity of Shelbourne Properties I Inc. and Shelbourne Properties II Inc. has agreed to sell its Century Park I Office Complex. At closing, $20 million will be paid to the lender to release the lien against the property.
ONTARIO, CA-Completed in 1988, the 40-unit property stands at 2455 S. Fern in Ontario. It was 100% occupied at the time of sale. Amenities here include a swimming pool, spa, landscaped courtyards, poolside cabana and a common laundry room.
SAN DIEGO-Pacific Carmel Mountain Holdings LP, an affiliate of locally based American Assets Inc., acquires the 532,418-sf property from sellers Diversified Realty and Community DRA Advisors LLC.
SAN DIEGO-The 83,411-sf facility is located at 7615 Siempre Viva Rd. in Otay Mesa's six-building Britannia Corporate Center campus. Buyer Tara Materials Inc. plans to relocate its Hy-Jo picture frame division into the facility.
ESCONDIDO, CA-Pan Pacific Retail Properties Inc. acquires the 231,000-sf retail asset from an entity of Hager Pacific Properties. Anchored by Vons, Sav-On Drugs and LA Fitness, the complex is currently 90% leased.
SAN DIEGO-San Diego Medical Federal Credit Union takes 4,638 sf in the Rio Vista Offices property, which brings the leasing level here up to 67%. Slated for completion in May 2003, the Mission Valley office facility is rising at 8889 Rio San Diego Drive.
ESCONDIDO, CA-Berkshire Mortgage Finance provides the Fannie Mae loans for three different Escondido multifamily properties, Mission Village I & II and Mission Bell Apartments. Located within a half-block of each other, the properties consist of three non-contiguous parcels.
SAN DIEGO-A new multifamily complex that would bring direly needed affordable housing to downtown San Diego moves one step closer to reality, as the Center City Development Corp.'s board of directors recommends approval of the proposed exclusive negotiation agreement with Oak Shelter Systems LLC.
SAN DIEGO-San Diego Mayor Dick Murphy appoints Sylvia C. Rios to the San Diego Unified Port District's board of commissioners. Rios, who is the first Hispanic to be appointed to this role, is one of seven members on the Port District's board.