San Diego Business Journal

San Diego Firm Buys La Mesa Condos for $25.5M

By Lou Hirsh Tuesday, April 24, 2012

R&V Management Corp. of San Diego has purchased 143 condominium units at Adagio in La Mesa for $25.5 million.

The seller was Davlyn Investments of San Diego, according to an April 19 statement from Phoenix-based Hendricks & Partners, which brokered the transaction.

Adagio was originally designed and built as a 200-unit condo project in 1984 and subsequently operated as apartments until 2005. The development, at 5427 Lake Murray Blvd., consists of a mix of one- and two-bedroom units, most of which were recently upgraded.