San Diego

SAN DIEGO-According to research by Burnham Real Estate Services, San Diego County's office market posted a steady fourth quarter for 2002, with 627,000 sf of net absorption. The 2002 net office absorption at 1.6 million sf outpaced the previous year's figure of one million sf.

SAN DIEGO-A new report shows that multifamily occupancy is on the decline in San Diego County, having dropped from 96.1% in September to 95.4% in December. Sales continue to boom, however.

SAN DIEGO, CA-The Currie Partners is preparing to start work on Phase II of its $12.5-million Rio San Diego Plaza, with groundbreaking just a few months away. Design is currently underway, as KMA Architecture & Engineering has recently been retained to plan the second phase.

SAN DIEGO, CA-Carmel Valley Housing Associates LP wraps up its 112-unit Torrey Del Mar project three months ahead of schedule. The project was built by Wermers Multi-Family Corp.

LA JOLLA, CA-The Los Angeles-based developer expects to open a 210-room resort adjacent the University of California at San Diego. Completion of the Blackhorse Hotel is slated for 2004.

SAN DIEGO-A report by Burnham Real Estate Services shows that the bright spot in the San Diego real estate market continues to be apartments.

SAN DIEGO-The road is cleared for the Port District to buy four blocks from the city of San Diego for convention center and ballpark parking.

SAN DIEGO-The San Diego chapter of BOMA has elected its new board of directors. Cybele Thompson, RPA of PM Realty Group and general manager of the La Jolla Executive Tower, will serve her second term as president.