SAN DIEGO-Rancho Bernardo-based Boardwalk Development Inc. along with James Nierman has acquired a two-story, 14,000-square-foot building at 16789 Bernardo Center Drive in Rancho Bernardo. The company has purchased the former San Diego National Bank branch building from Federal Deposit Insurance Corp. for $2,500,000.
San Diego National Bank bought the building for $2,400,000 in September 1999, but the property was taken over in October 2009 by the FDIC. Security Business Bank provided financing for the deal. For the full story, go to San Diego Business Journal.
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