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Lender takes possession of struggling San Diego mall conversion project

AllianceBernstein now owns downtown mixed-use office property after developer Stockdale’s loan delinquency
AllianceBernstein took ownership of the nearly completed, mixed-use Campus at Horton in downtown San Diego. (CoStar)
AllianceBernstein took ownership of the nearly completed, mixed-use Campus at Horton in downtown San Diego. (CoStar)
CoStar News
August 19, 2025 | 7:40 P.M.

Lender AllianceBernstein has taken possession of the Campus at Horton project that failed to sell at auction after developer Stockdale Capital Partners fell behind on loan payments for its $550 million redevelopment of the former Westfield mall in downtown San Diego.

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