SAN DIEGO-Buyer Villa Escondido LLC shells out $2.5 million for the local multifamily asset known as 44th Street. The new owner plans to convert the complex's apartment units into condos.

SAN DIEGO-The Centre City Development Corp. and Metropolitan Transit Board kick off groundbreaking on the $30-million public improvement project. The first phase of construction is taking place on Park Boulevard from Market to K streets.

SAN DIEGO, CA-AmeriCare Health & Retirement Inc. of Solana Beach has wrapped up construction on a new, two-story addition to its existing Silvergate Retirement Residence in Fallbrook. The facility now houses 36 residential units and a two-story lobby with interior balconies.

SAN DIEGO-Jon G. Stamatopoulos acquires the San Diego property from HTC Properties Inc. Located at 4446-52 Marlborough Ave., the complex houses a total of six units.

VISTA, CA-Buyer Burke Sycamore Partners LP shells out nearly $8.5 million for the seven lots, which are located in the master-planned industrial development known as Sycamore Vista Business Park.

TEMECULA, CA-Pacific Development Partners snaps up the five-acre parcel with plans to develop a retail center on the site. The property is located at the southwest corner of Overland Drive and Margarita Road in Temecula.

SAN DIEGO-Athletic shoe and clothing retailer Puma North America inks a $1.9-million, 10-year lease for retail space in Gaslamp City Square. The new tenant plans to open its first San Diego store here in May 2004.

BONSALL, CA-Mnshed N. Al-Mahmodi of La Mesa picks up the 42-unit Brisas Del Este apartment complex from San Diego-based Bonsall Cielo LLC. The multifamily asset, which dates back to 1987, stands at 31916-18 Del Cielo Este here.