SAN DIEGO, CA-Plans for the rehabilitation of the historic theater are shaping up, as the Centre City Development Corp.'s board of directors has approved the project planning guide and associated recommended program and budget for the restoration of the circa 1924 asset.

SAN DIEGO, CA-New Century Mortgage Corp., a subsidiary of New Century Financial Corp., inks a five-year, $4.9-million lease for 13,606 sf of office space in the two-building, class A office project located in the I-15 Corridor.

SAN DIEGO-The final phase of Rio Vista Plaza project, which is being developed by Griffin Properties LLC and Jim Allen of Allen & Associates, is currently rising on a 4.5-acre site at 9095 Rio San Diego Dr. in the Mission Valley area of the city. The building is designed to stand four stories high and encompass 83,644 sf upon completion.

SAN DIEGO, CA-Dallas, TX-based Centex Corp. submits a Centre City development permit application for its planned Laundry Lofts project. The development, which is still going through design changes, is currently proposed as a 208-unit, multifamily project with a 2,000-sf retail component.

SAN DIEGO, CA-Point Loma Investors LP, with Joe Sapp as the managing partner, acquires the multifamily property from private investor Mark Gosselin. The new owner may position the asset as a condominium conversion.

SAN DIEGO-The developer is nearing completion of the plan review process and plans to commence construction on its Fahrenheit condominium project in a couple of weeks.

SAN DIEGO-This phase of the corporate office campus, which is currently slated for completion in the third quarter of 2005, will be comprised of two facilities encompassing a total of 103,272 sf. Developer Kilroy Realty Corp. plans to invest $23 million into the development of phase III.

RANCHO BERNARDO, CA-Charles W. Hostler acquires the 73,509-sf asset, which is part of the Crossroads at 4S Ranch industrial park. Located at 10895 Thornmint Rd., the property is leased to General Atomics Aeronautical Systems and Northrop Grumman.