LA MESA, CA-The community bank has shelled out $1.4 million for the lot, which stands at 8379 Center Dr. in La Mesa. It plans to build a new branch on the site, which encompasses 28,000 sf.

RANCHO SANTA FE, CA-First Community Bancorp announces a net income of $8.6 million for this year's second quarter. The figure reflects an increase of 19% from first quarter 2003 for net income and net income per diluted share.

SAN DIEGO-The San Diego City Council has given a unanimous vote of approval for the funding, which will be used for the construction and repair of both slated and existing fire stations throughout the city.

SAN DIEGO-The Hanbit Church of Korea acquires the asset from McKenna Color Labs Inc., which originally purchased the property for $1.9 million in 1999. The new owner plans to convert the industrial facility into a house of worship.

SAN DIEGO-Pacifica Real Estate Group acquires Investcorp's shares in the San Diego hotel Sommerset Suites, as well as the Holiday Inn Express San Luis Obispo. A partnership between Investcorp and Pacifica originally purchased the hotels in May 1999 and January 1998, respectively.

ENCINITAS, CA-A group of private investors shells out $1.3 million for the complex, known as 3rd St. Located just one block from the ocean, the property stands at 203-13 3rd St.

CARLSBAD, CA-Forest W. Brehm of The Brehm Cos. picks up the 28,574-sf building, which stands at 2714 Loker Ave. West. The buyer plans to move into the facility's entire third floor, which encompasses 10,130 sf.

SAN DIEGO-The project, which is being built for Faith Presbyterian Church, will consist of a 7,500-sf fellowship hall and a 7,856-sf preschool education facility at build-out. Completion of the preschool is slated for this October, while construction of the church is expected to wrap up in January 2004.