SignOnSandDiego.com - "Condo conversion craze grinds to halt" (9-25-06)

"Oversupply of units hurts prices, leaves investors in limbo"

"By the end of June, the number of converted units ready for occupancy or earmarked for sale later had grown to 6,922 in 111 projects, according to the Sullivan Group Real Estate Advisors. There was little change in July, and statistics for August have not been tallied."