SAN DIEGO-The development firm opens a San Diego office and taps local industry veteran Greg Shannon to run the operation. Shea already has a transit-oriented development and an office condo project in the pipeline.

SAN DIEGO-A subsidiary of Fujitsu signs a 37,886-sf lease for office and R&D space at Sorrento Tech Business Park. The lease brings Fujitsu from space at Pacific Point Business Park to its new digs.

EL CAJON, CA-While the latest reports claim a softening of the residential condo market, developers continue full steam ahead on projects as two more local apartment complexes trade hands and ready for conversion to for-sale units.

CARLSBAD, CA-GE Commercial Finance Real Estate Partner's Group, which seeks joint ventures on new developments as well as value-added plays, brings $30 million of equity to scoop up a 229,753-sf class A office property at Equastone's 25-acre Faraday Corporate Centre.

SORRENTO MESA, CA-Qualcomm Inc., signs a 10-year agreement for 100% of the 67,995-sf 5717 Pacific Center building, which is currently being repositioned by its owner, Los Angeles-based Kilroy Realty Corp.

SAN DIEGO-Equastone buys an empty building, once occupied by Chicago Title, and is now weighing multiple business plans on the property. Options include filling the space with an office tenant, selling the space to an office owner-user or selling to a residential condo converter.

KEARNY MESA, CA-The Santa Barbara-based real estate investment firm makes its first San Diego area play, acquiring the 155,000-sf Ponderosa Technology Park. The property counts eight buildings on 9.64 acres.

KEARNY MESA, CA-The Santa Barbara-based real estate investment firm makes its first San Diego area play, acquiring the 155,000-sf Ponderosa Technology Park. The property counts eight buildings on 9.64 acres.