WITH 22 LUXURY HOMES UNDER CONSTRUCTION AND NEW HOMESITES RELEASED, CIELO IS BUZZING WITH ACTIVITY

RANCHO SANTA FE (July 30, 2008) -- With 261 total home sites sold, 22 custom homes under construction and new home sites just released in Montagna at Cielo, the hillside in Rancho Santa Fe is experiencing a flurry of design and construction activity.

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CIELO ANNOUNCES NEW ENCLAVE OF
OCEAN-VIEW HOME SITES NOW SELLING

RANCHO SANTA FE (June 12, 2008) – CIELO, the hillside village in Rancho Santa Fe, has announced a new enclave of ocean-view custom home sites, Montagna at CIELO. Now selling only a limited selection, the exquisite collection of 112 estate and single-family custom home sites is at the pinnacle of the master-planned community, “where the land touches the sky” as high as 1,400 feet above sea level.

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