CENTURY CITY, CA-RealShare's Apartments 2005 Conference debated the Southland's condo conversion craze and predicted a strong future. High construction and land costs continue to drive developers and investors towards condo conversions.

SAN DIEGO-The Muller Co. of Laguna Hills acquires the 181,000-sf property from Doug Manchester, one of San Diego's largest private developers. Terms are undisclosed, but a comparable project nearby sold for $30 million this spring.

OCEANSIDE, CA-Sunset Village, a 114-unit complex that is 98% leased, is acquired by a joint venture that starts the condo conversion. The converted complex, to be renamed Bethany Summit, will offer units starting at $285,000.

LONG BEACH, CA-With cap and vacancy rates at record lows and lease rates peaking, Southern California's industrial market is riding high. That was the consensus of the panelists at RealShare's Industrial West Conference.

LONG BEACH, CA-With cap and vacancy rates at record lows and lease rates peaking, Southern California's industrial market is riding high. That was the consensus of the panelists at RealShare's Industrial West Conference.

SAN DIEGO-The retail portion of a mixed-use development located in Banker's Hill sells for $7 million. The parcel, which recently underwent condo conversion, includes 17,000 sf of residential space.

SAN DIEGO-The retail portion of a mixed-use development located in Banker's Hill sells for $7M. The parcel, which recently underwent condo conversion, includes 17,000 sf of residential space.

SAN DIEGO-Carroll Tech Center and an R&D building sell for a total of $28 million. The acquisitions are the second and third major purchases for LBA Realty within the area this week.