Despite a surge of leasing activity in the fourth quarter, the San Diego retail market closed 2019 with negative absorption.

Preston Forest Shopping Center has solely belonged to the Mixon family since its inception in 1961 and after three generations, the family decided to sell the shopping center to Stockdale Investment Group.

The property had rare zoning allowing for the conversion in an area with limited auto shop product.

"For Omni's first new development and phase on this site, Morris Avenue Apartments, they wanted a commitment to push the envelope from a sustainability perspective," the Omni New York team tells GlobeSt.com.