San Diego

SAN DIEGO-The $230-million project has a potential stumbling block to clear as the Navy Broadway Complex Coalition plans a County Grand Jury complaint against the Centre City Development Corp.

SAN DIEGO-Palo Alto-based Pacific Property Co. trades its Mountain Ranch Apartments to locally based HR Partners for $44.5 million. The transaction price includes the assumption of approximately $27 million in existing debt.

RANCHO BERNARDO, CA-Sunroad Centrum picks up the 71,255-sf property from R.B. Phoenix Associates LLC as part of a 1031 Exchange transaction. The three-story complex is located at 11770 Bernardo Plaza Ct. in 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.