SAN DIEGO-San Diego County's unemployment level continues to drop, as a new report by the state's employment development department says it fell 0.3% from November to December 2002.

CARLSBAD, CA-Legacy plans to use the financing for the construction of Gibraltar Townhomes, a four-unit residential project slated to rise in Carlsbad. Completion of the project is scheduled for August 2003.

DEL MAR, CA-Fair, Isaac and Co. inks a seven-year lease to occupy a 129,752-sf facility located in the five-building Kilroy Center Del Mar campus. It will join The Memec Group, which signed on for space here in October of last year.

RANCHO SAN DIEGO, CA-Roel Construction Co. wraps up work on a 26,168-sf gym complex for 24 Hour Fitness. Located at 3605 Avocado Blvd., the project consists of a fitness center, pool and spa, as well as steam and sauna rooms.

SAN DIEGO-The $2.9-million project will involve improvements to the 510,000-sf retail center and land surrounding it. Upgrades will include repainting the complex, improving lighting and landscaping and expanding two roadways on the site.

LA JOLLA, CA- Lowe Enterprises Inc. celebrates groundbreaking on its $33-million project, which will consist of a 210-room hotel and conference center at build-out. Slated for completion in spring of 2004, the project is rising on the former site of the Black Family La Jolla Stables located on N. Torrey Pines Road.

LA JOLLA, CA-The seven-year institutional placement will serve as a mezzanine-debt facility for The Olson Co., thus providing a new capital structure for the developer. In turn, the company will no longer need to

APPLE VALLEY, CA-A private investor snaps up the 5,000-sf building, which is currently leased by Banner Mattress. The triple-net leased investment stands at 20152 Highway 18.