SAN DIEGO-The buyer secures a $56-million loan that enables it to acquire the 230-unit Piazza Palermo, which is a brand new multifamily complex located in the Little Italy neighborhood of Downtown. Originally planned as an apartment project, the complex has been converted to condo product under Integral Partners' direction.

SAN DIEGO-Researchers at Encino-based Marcus & Millichap say office vacancy in San Diego County is on the decline, while rental rates and sales prices are on the upswing.

SAN DIEGO-Investcal Renaissance LLC snaps up the 12,400-sf space, which is located on the ground floor of the Renaissance condominium project. The retail component is currently 100% occupied.

SAN DIEGO-The owner of Black Mountain Center refinances the mixed-use asset with a permanent loan from a Wall Street lender. Encompassing 40,365 sf, Black Mountain Center is 100% occupied.

LA QUINTA, CA-Slated to encompass a total of 52,963 sf, this affordable housing community will provide a total of 80 apartment units for the senior community here. It is currently scheduled for a September completion.

VISTA, CA-Buyer Bedrosian Vista LLC plans to use a 65,000-sf portion of the 105,000-sf facility, which is located at 1725 Hacienda Dr., to house its tile and marble business. It will lease out the additional space, which currently stands vacant.

SAN DIEGO-Hammer Ventures acquires the 130-unit Laurel Bay property from Simpson Laurel Bay LP with plans to convert the asset into condominiums.

SAN DIEGO-The locally based firm completes its acquisitions of four properties on the West Coast: one here, one close to San Francisco and two located near Seattle. In addition, the company closes its three-year, revolving unsecured credit facility.