Mayor Todd Gloria on the 101 Ash Street settlement

There's a new development at 101 Ash Street, the building the city of San Diego agreed to buy in 2016 that was later found to be unusable without major repairs. San Diego leaders announced Monday that they had reached a settlement agreement with Cisterra, which is the building's landlord, and CGA Capital, its lender. San Diego Mayor Todd Gloria, Councilmember Chris Cate, Councilmember Sean Elo-Rivera and Penny Maus, the city's director of real estate, joined The San Diego Union Tribune Editorial Board on Wednesday to discuss the deal.