August 29, 2019
Shea Homes acquired a 28-acre residential land parcel for $6.5 million, with plans to develop the Fuerte Ranch Estates, a community of 36 estate homes in El Cajon, CA. The property is located in East County San Diego, at the Southeast corner of Fuerte Drive and Damon Lane.
Colliers International’s David Santistevan, Erin McKinley, Gunder Creager and Ciara Trujillo represented the seller, RP Communities, LLC.
Santistevan says, “The lack of new housing in East County San Diego has created significant pent-up demand. Shea Homes will help meet this demand and capitalize on being one of the only luxury projects coming to market in the area.”
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Tags: Acquisition, Development, Housing, Land
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