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Sudberry Properties Secures $164 Million in Loans For Five Projects, Including Civita in Mission Valley

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FOR IMMEDIATE RELEASE
July 25, 2011

Sudberry Properties Secures $164 Million in Loans For Five Projects, Including Civita in Mission Valley
 
Financing Set for Circa 37 Apartment Homes, Plus Retail Centers
In Carlsbad, Eastlake, Santee, and Riverside County


SAN DIEGO: Sudberry Properties, a leading commercial developer in Southern California, today announced a major milestone that will enable it to advance its vision for development in key areas of Southern California.  The company has secured more than $164 million in financing for five major properties, four in San Diego County and one in Riverside County.

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Sudberry Properties Hosts Groundbreaking Event, Celebrates Arbor Day at Civita

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FOR IMMEDIATE RELEASE
May 2, 2011

Sudberry Properties Hosts Groundbreaking Event, Celebrates Arbor Day at Civita

Event Commemorated with Planting of 20-Ton Moreton Bay Fig Tree,
$10,000 Donation to San Diego River Park Foundation


SAN DIEGO – Sudberry Properties officially launched Civita, its 230-acre new mixed use community in Mission Valley, during a groundbreaking event and Arbor Day celebration on site today. More than 200 guests attended the event, which was highlighted with the planting of a 20-ton tree, the community’s first, in honor of Arbor Day, and the donation of $10,000 to the San Diego River Park Foundation.

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Shea Homes will build the condos and townhouses in the first phase of Civita.

December 7, 2010
RISING AGAIN: The 231-acre Civita is the first master-planned community to get started in San Diego County since the recession hit this market. When completed, it will have nearly 4,800 for-sale and for-rent housing units.

San Diego’s housing market, one of the hardest hit during the recession, could be on a path to recovery. Its apartment market is now recognized as one of the strongest in the country in terms of low vacancy rates. And a local developer has recently started construction on a 231-acre mixed-use project that will be the first master-planned community in San Diego County since the economic downturn began.

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December 1, 2010
Grading has started on Civita, San Diego County’s first major master planned community since the real estate bust and, at 230.5 acres, the largest development of its kind in Mission Valley history.

But unlike past large-scale projects in the valley, Civita promises a new direction toward the goal of creating San Diego as a "city of villages," where walkability, livability and sustainability will dominate.

The word that Civita’s developer, Sudberry Properties, uses is "blurb."

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