SAN DIEGO-A local mortgage lending company has signed a five-year lease for 4,788 sf of office space at 591 Camino de la Reina in the Mission Valley Financial Center.

SAN DIEGO-According to a national report, San Diego ranks 13th among the nation's least-affordable metropolitan areas for rental housing. Last, year, San Diego ranked 25th on the list. But the $19.46 an hour a San Diegan must earn to afford rental housing is up 21% from 12 months ago, according to the study.

SAN DIEGO-A $12 million, 50,000-sf medical condominium office complex located at 25400 Medical Center Drive in Murrieta has sold out its first phase of development. Phase I encompasses a two-story building totaling 21,010 sf.

SAN DIEGO-Simon Property Group has bought a 50% stake in Fashion Valley Mall, one of the nation's most successful retail centers. To complete the deal the company has secured a $200 million mortgage.

SAN DIEGO-The terrorist attacks of Sept. 11 have stalled action on bond sales to finance the new Downtown ballpark, adding $30 million to a $267 million pricetag. Padres officials hope to resume construction soon.

SAN DIEGO-The 26,000-sf center will be located on the San Diego State University campus, adjacent the new $20 million athletic center. Construction is scheduled to begin October 2002, with completion slated for October 2003.

SAN DIEGO-According to a national report, San Diego ranks 13th among the nation's least-affordable metropolitan areas for rental housing. Last, year, San Diego ranked 25th on the list. But the $19.46 an hour a San Diegan must earn to afford rental housing is up 21% from 12 months ago, according to the study.

SAN DIEGO-A $750 million cargo facility at Brown Field appears to be dead -- at least for now. Developers had hoped to build a cargo hub at the 900-acre site. They argued it would create thousands of jobs and draw hundreds of millions of dollars in economic benefit to the region.