OCEANSIDE, CA-As a start to the planned buying spree--which includes up to $20 million in San Diego County in the next six months--Crown Realty & Development acquires an aging 88,000-sf shopping center here that it will renovate and reposition.

OCEANSIDE, CA-The city's agreement with Manchester Resorts expired when the developer did not meet a 10-day requirement to state his plans regarding the El Corazon property.

SAN DIEGO-Equus purchased the property in 1996 for $5.4 million with $4.95 million of secured debt provided by GE Capital. It just sold for $16 million, giving investors received a 300% return over six years.

SAN DIEGO-Although demand is down somewhat from last year, the San Diego County economy is keeping the multifamily market strong, according to a recent report from Hendricks & Partners.

CORONADO, CA-Given the economy and changing financial environment, owners of the Hotel del Coronado say they won't move full-speed ahead with a $120-million renovation, despite its recent approval by the City Council.

SAN DIEGO-A real estate partnership headed by office furniture maker Steelcase Inc. will build its first California project--a 28,000-sf office building--in San Diego's Mission Valley.

SAN DIEGO-The City Heights redevelopment project near Downtown has seen its capstone project break ground--the nation's first regional transportation center, a $17.9 million, 60,000-sf facility to expected to educate people about the benefits of alternative fuel vehicles.

SAN DIEGO-Although financing has been difficult to secure for larger resort-style hotel projects, the mid-level extended-stay market has remained strong, catering to the business traveler and budget tourism market, according to the Spartanville, N.C.-based company.