LA JOLLA, CA-The federally chartered savings bank inks a five-year lease renewal deal for office space in the La Jolla Bank building, where it has been a tenant for the past 10 years.

SAN DIEGO-The borrower, Valentia Apartments LLC, will use the funds to refinance a 318-unit multifamily complex located at 5305 Toscana Way in San Diego. The 10-year loan amortizes over 30 years and has an interest rate of 5.28%.

CAMPO, CA-Design plans are already underway for the building, which will be used as a U.S. Border Patrol Station. Slated for groundbreaking in the fourth quarter of 2003, the facility will encompass a total of 40,000 sf on completion.

SAN DIEGO-In the latest sign of Downtown San Diego's status as the darling of the county, an investor picks up the 186,494-sf JDS office building in a 1031 exchange transaction.

SAN DIEGO-JMI Realty's plan for a 235-room boutique hotel at the gateway to the Ballpark District in Downtown San Diego is moving closer to reality. The developer has chosen Kimpton Hotels & Restaurants as the operator.

OCEANSIDE, CA-Pacific Property Group LLC sells the 15-unit multifamily community to a pair of Temecula-based private investors. The complex, known as Villa Bella, stands at 1403 Division St.

SAN DIEGO-Crescent Chancellor Park LLC secures another tenant for its San Diego office complex, as orthodontist Dr. Paul Styrt signs a 10-year lease for 2,868 sf here.

SAN DIEGO-ITLA Capital Corp. reports a net income of $20 million or $3.16 per diluted share for the year ended December 31, 2002, as compared with $18.2 million or $2.72 per diluted share for the prior year.