Los Angeles-based KB Home Coastal Inc. has purchased 67 residential lots in Lakeside for $6 million, according to a statement from the San Diego office of Colliers International.

The brokerage firm represented both the buyer and the seller, locally based Loma Verde Inc. The lots are located on 16.5 acres at 10025 and 10103 Ranchitos Road, and each home site will have a lot size of 6,000 square feet.

Colliers Senior Vice President Gunder Creager said local finished lot prices have recently been rising, due to an “acute shortage” of residential lots available in the San Diego region.

— SDBJ Staff Report