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Tuesday, Jul 23, 2024
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Brief

Conwell Picked to Build City Facility


San Diego-based Conwell Shonkwiler & Associates has been selected by San Diego city officials to design a Mira Mesa vehicle maintenance facility.

The project will provide facilities for the city to convert its diesel-powered trash trucks to liquefied natural gas, said Margie McMurray, a spokeswoman for the architectural firm. The project will include expansion of the vehicle maintenance building, conversion of paint spraying booths, a fueling facility, offices and a new parking lot.

McMillin Office to Open in Carlsbad



McMillin Realty of National City has purchased a former Home Savings bank building in Carlsbad and will be opening an office there.

Pat Poole, executive vice president of McMillin Realty, said the new, 3,326-square-foot office is located at 710 Carlsbad Village Drive, west of Interstate 5. The facility is currently undergoing renovation that will be completed in January, he added.

Cisco Spawns Real Estate Venture



Two San Diego real estate industry members have formed a company to support the expansion of international global networking company Cisco Systems in facilities on the East Coast, in the Southwest and in Europe.

Todd J. Anson, a managing partner of the San Diego law offices of Brobeck, Phleger & Harrison LLP from 1996 through August 1999 and legal counsel to Cisco Systems, joins with Steven L. Black, formerly executive vice president and chief development officer of Kilroy Realty of Los Angeles, to form a new venture, Cisterra Development LLC.

“The incredible growth of Cisco Systems has stretched its internal capacity to meet its facilities needs. Currently, Cisco has 13 million square feet under development in San Jose alone with plans to add many millions of square feet of facilities around the world,” Anson said. “This presents us with a unique opportunity to support Cisco through Cisterra Partners LLC, a company that will co-venture with Cisco in the development of new facilities.”

Standard Pacific Set for New Project



Standard Pacific Homes has announced plans to build 183 homes at the community of Torrey Hills in Carmel Valley.

The homes will be built at the neighborhood of Sansonnet and will be designed in Italian, French country and Spanish architectural styles, said Bill Meyer, vice president and general manager of Terrabrook, developer of Torrey Hills.

The two-story floor plans will range from 2,100 to 3,800 square feet and will have three to five bedrooms, he said. Prices will range from the low $400,000s to the $500,000s, he said.

S.D. Bank Earnings Up



San Diego National Bank officials say net earnings for the local bank for the third quarter increased by 113 percent over the same period last year.

Third-quarter earnings for the privately held bank were $6.4 million, compared to $3 million for 1998’s third quarter, said Robert B. Horsman, president and CEO.

Total assets of the bank reached $1.17 billion, a 17 percent increase from September 1998, while deposits increased 19 percent to $1.06 billion for the same period, Horsman


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