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SAN DIEGO-The city and the San Diego Padres can't come to an agreement on a financing gap and concede the $400-million downtown project most likely will be delayed pending a US attorney's investigation into the propriety of a financial relationship between Padres owner John Moores and San Diego councilwoman Valerie Stallings.
SAN DIEGO-One of the world's largest firms dedicated to peaceful use of nuclear energy is leasing 24,021 sf of industrial space in the Sorrento Mesa area. The firm occupies nearly one million sf of engineering and test facilities, manufacturing and laboratory space in San Diego.
SAN DIEGO-The Downtown San Diego Partnership replaces outgoing president Laurie Black with another member of its executive committee, banker Fred Baranowski.
SAN DIEGO-The Morgan Group Inc. and SAS Development LLC form a joint venture for the first mixed-use, luxury apartment rental project in the Downtown corridor. The 149-unit high-rise and 10,822 sf of retail replaces a former Greyhound maintenance yard and two parking lots.
SAN DIEGO COUNTY-Pan Pacific Retail buys a neighborhood shopping center in the northern LA County suburb of Valencia, shelling out $18.3 million for its 61st property.
SAN DIEGO-A local REIT sells prime industrial land it got at a bargain several months ago near Orlando International Airport. Excel Legacy Corp. adds $3.3 million to its coffer from the Florida sale while its affiliate, Price Enterprises, gains $26.3 million for two CA sites.