ONTARIO-Allen Properties snaps up the 142-unit complex, known as Rose Garden Apartments. Located at 2945 S. Sultana Ave., the property was built in 1987. It was 96% occupied at the time of sale.

LA JOLLA, CA-Advanced Tissue Sciences Inc./Dermagraft Joint Venture, which is now owned by Smith & Nephew, has renewed its 85,000-sf headquarters lease in La Jolla for another 10 years. The transaction is valued at $20 million.

SAN DIEGO, CA-The Raymond J. Lucia Cos. Inc. signs a seven-year lease for 11,000 sf of office space in Legacy Sabre Springs. The 281,830-sf class A office project consists of two buildings that are located at 13500 and 13520 Evening Creek Drive North.

CARLSBAD, CA-Located at 2600 Kremeyer Circle, the apartment community consists of 16 buildings that house a total of 102 units. Amenities include a resort-style swimming pool and spa, as well as a clubhouse facility that includes a business center, fitness center, audio/video room, leasing office and sun decks.

SAN DIEGO-According to a recent report on the region by Colliers International, the investment market throughout San Diego County has been hit with a hot new trend of converting apartment properties into condominium complexes.

SAN DIEGO COUNTY, CA-A 68-unit apartment complex in El Cajon sells for nearly $2.7 million, while a seven-unit multifamily property in San Diego fetches $875,000 in a separate transaction.

BONSALL, CA-The circa 1987 property, known as Brisas del Este, is acquired by an LLC that plans to convert the complex into condominiums. Located at 31916 Del Cielo Este in Bonsall, the property contains 42 units, private garages, a swimming pool and a spa.

POWAY, CA-Standing Warrior Nation LLC pays nearly $1.9 million for a 10,180-sf portion of a 15,860-sf industrial warehouse and distribution facility located at 13685 Stowe Drive in Poway. The remaining 5,680 sf of the building is leased to PrintSafe Inc. and Totally Thomas.