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Article Excerpt
Baja is booming.
So says Nathan Moeder, principal of London Group Realty Advisors Inc., which is working on a $250 million, 850-acre development along the Baja peninsula.
"The market there is here to stay," said Moeder.
The San Diego-based London Group has teamed up with developer Grupo Lagza on a project in Salsipuedes that will include 2,700 condos, single-family homes and lots, hotels and resorts and retail services.
"This is the best piece of property in northern Baja," said Moeder. "It reminds you of La Jolla before it was developed. It's going to raise the bar for product types down there."
Groundbreaking is expected in the spring, with build-out extending for about 10 years, said Antonio Zazueto, Grupo Lagza's director of sales and marketing.
The project is expected to draw buyers from San Diego, Orange and Los Angeles counties, as well as San Francisco, he said, with baby boomers--as usual--expected to be the...
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