SAN DIEGO-A private buyer snatches up the 542-unit University City Village Apartments asset, which stands at 4633 Governor Dr., from UCV LP. The property, which is entitled for up to 1,109 units and an 80-unit assisted living facility, generated significant interest from both national and regional investors.

SAN DIEGO-Locally based BRE Commercial/NAI has added two more brokers to its UTC office, as Bryce Aberg and Robert E. Zolezzi have joined the firm. The two new hires mark the latest additions to BRE Commercial's San Diego presence.

SAN DIEGO, CA-Jones Revocable Trust of El Cajon purchases the 100-unit asset from William G. Ayyad Inc. and Daniel J. Furlan, Trustee of San Diego. Located at 229 16th St., the property was 96% occupied at the time of sale.

SAN DIEGO-The overall multifamily vacancy level in San Diego County crept up from 3.5% to 3.9% in the first quarter of 2003, according to new research on the region. However, apartment owners did raise rents an average of 1% during the same period.

CHULA VISTA, CA-Developer McMahon Development Group and joint venture investor Buchanan Street Partners plan to break ground on the complex later this spring. Slated to rise at 3441 Main St., the project will encompass a total of 146,000 sf at completion.

ESCONDIDO, CA-Fakitimi & Mohtashami acquires the property from the Eye Counseling & Crisis Services Inc. for $995,000. The buyer plans to open a 4,000-sf dental office in the building and lease out the remaining space.

SAN DIEGO-The topping out marks the halfway point for construction on phase one of Liberty Station's Office District. Developed by McMillin Commercial, a Corky McMillin Co., the Office District will eventually include seven facilities encompassing a total of 380,000 sf.

SAN DIEGO-San Diego Mayor Dick Murphy announces the appointment of new members Jerry Schaefer and Abel Silvas to the Historical Resources Board, as well as the reappointments of current members.