SAN DIEGO-City planners have approved a 120-unit Homewood Suites by Hilton and an 80-unit Hilton Garden Inn to be built this spring. The project will be located in Torrey Hills at the corner of Vista Sorrento Parkway and Ocean Bluff Avenue.

SAN DIEGO-A locally-based REIT has closed on the sale of properties to Developers Diversified Realty Corp. for about $15 million in cash and 2.51 million shares of common stock.

CHULA VISTA, CA-Westwood Financial Corp. has acquired a 43,471-sf neighborhood shopping center anchored by Vons and Rite Aid in a deal valued at $9.9 million. Included in the offering are Blockbuster Video, H & R Block, Allstate Insurance, Fantastic Sam's, and Cal Fed Bank.

SAN DIEGO-A retail specialist says the county has done rather well during the downturn--and two recent transactions help prove his point.

SAN DIEGO-Port officials have paid the first $11 million installment of money promised for the $450 million Downtown ballpark project. The remaining $10 million will be paid to the city in quarterly installments over nearly three years.

CHULA VISTA, CA-A 16-building complex in this South County community has been purchased in a deal valued at $12.4 million--and the marketing of the property is under way.

VISTA, CA-A Newport Beach developer hopes to begin an $80 million, 220,000-sf redevelopment project anchored by a multiplex movie theater. Despite trouble landing tenants, Civic Partners hope to complete the project by next year.

SAN DIEGO-Two North County shopping centers have proposed major renovations that include the demolition of abandoned theaters. To be razed or the Mann Theatres fourplex at El Camino North and Edwards 6 Cinema at the Vallecitos Town Center.