Jul
06
What Land Preservation Means for Developers
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Trujillo: “Environmental constraints are a big concern in the development industry.”RANCHO SANTA FE, CA—In San Diego, there is a sensitive balance of supplying future housing demand while preserving wildlife corridors and other areas of conservation, Ciara Trujillo and David Santistevan ofColliers International San Diego’s land team tell GlobeSt.com. As we recently reported, the two represented seller Cielo Del Norte LLC in the sale of Cielo Del Norte, 242 acres located southeast of Elfin Forest Rd. and Harmony Grove Rd. here, for $13 million to Escondido Creek Conservancy. The property was originally approved for a 77-lot residential developmentbut will be designated open space as a part of the Escondido Creek Conservancy. We spoke exclusively with Trujillo and Santistevan about the sale, the significance of land preservation and how it is impacting commercial real estate transactions…
