CJ Stos of Master Development Co. and Michael McCann of INGClarion will be among the experts discussing the booming growthtaking place in Otay Mesa. They'll have plenty to talk about. Thisweek another major development surfaced, with Kearny Real EstateCo. LLC acquiring 311.4 acres of raw land in Otay Mesa for $23.3million.

The land surrounds the planned SR-11 highway extension. Whencompleted, SR-11 will "connect Hwy 125 and Hwy 905 to the proposedthird US-Mexico border crossing-port of entry," according toofficials with Colliers International, who represented the buyer.Kearny plans to develop Otay Crossings Commerce Park on thesite.

According to information obtained from Kearny, the firm plansthree million sf of industrial space at a cost of roughly $400million. Kearny partnered with Pacific Coast Capital in the deal.Kearny officials say they're looking at a three-year timetable towork through entitlements on the raw land.