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SAN DIEGO — Affordable Housing has acquired a 20,000-square-foot property, which is located at 1050 B St. in San Diego, for an undisclosed price. The company plans to develop Ten Fifty B, a 23-story mixed-use project, on the site. The project will feature 229 studio, one-, two- and three-bedroom apartments and approximately 14,000 square feet of retail space. Completion is slated for spring 2010. The seller, The Smiedt Children’s Trust and the Josephson Children’s Trust, received a combination of cash and retail space in the transaction. Timothy Winslow and Jason Kimmel of Grubb & Ellis|BRE Commercial represented the seller; the buyer was self-represented.