Page 29 - Cisterra Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Civic Center Plaza Lenders File to Evict the City After Rent Non-Payment It’s not immediately clear what the filing could mean for more than a dozen city departments and about 850 employees who work in the building. This post has been updated. Lenders behind the city’s Civic Center Plaza lease are officially trying to evict the city and hundreds of employees from their downtown office space. Wilmington Trust, a national investment management firm that serves as a trustee to investors who supplied upfront cash for the Civic Center Plaza lease, on Tuesday filed an unlawful detainer lawsuit,...

Print The fallout from San Diego’s problematic lease-to-own agreement for the former Sempra Energy headquarters at 101 Ash St. continues to broaden. The lender that financially backed Cisterra Development, the middleman company that leased the 19-story high rise to the city of San Diego on behalf of its former owners, announced late last week that it would do whatever it could to protect its investment. Meanwhile, a state appeals court has rejected City Attorney Mara Elliott’s bid to get a citizen’s lawsuit challenging the deal thrown out of court. The three-judge panel denied the appe...

Print A former San Diego city attorney issued a public demand Wednesday for his successor, Mara Elliott, to answer specific questions about when she first learned of alleged corruption in the city’s failed lease of 101 Ash Street, a now uninhabitable office tower. Michael Aguirre, who was the elected San Diego city attorney between 2004 and 2008, made the request of Elliott at an afternoon press conference on the front steps of the former Sempra Energy headquarters at 101 Ash St. Aguirre said he wants to know when city officials learned that real estate adviser Jason Hughes collected nearly...

The big-box retailer, having made drops at UCSD, North Park, OB and several other communities in recent years, is putting in one of its small-format stores in...

Target is slated to open a 36,000 square foot store inside a mixed-use development downtown.