San Diego Business Journal

Carlsbad Residential Lots Sold for $5M

Friday, May 24, 2013

Arizona-based Taylor Morrison Home Corp. has purchased 32 single-family residential lots in Carlsbad’s La Costa Town Square development for $5 million.

The seller was Property Development Centers LLC, a wholly owned subsidiary of Pleasanton-based Safeway Inc., according to a statement from brokerage firm Colliers International, which represented the seller.

The lots are on 7.76 acres on the west side of Rancho Santa Fe Road, just north of La Costa Avenue. Colliers last year represented Property Development Centers in selling 63 lots in another portion of the development to Del Mar-based homebuilder Davidson Communities.

— SDBJ Staff Report