SAN DIEGO-State Farm Mutual inks a lease for 42,834 sf at the Rio Vista Plaza office facility, bringing the 78,167-sf building up to 100% occupancy. The transaction is valued at $5.8 million.

RANCHO BERNARDO, CA-GMAC Commercial Mortgage Corp. places a $26-million equity investment in Pacific Property Co.'s acquisition of the 338-unit Carmel Mountain Apartments and 262-unit Mountain Ranch Apartments in Rancho Bernardo.

SAN DIEGO-The development build-out value of Capstone Advisors' residential portfolio now exceeds $1 billion, according to the San Diego-based investor, which acts as a joint-venture partner for real estate developers.

SAN DIEGO-San Diego mayor Dick Murphy, along with councilmember Charles Lewis, make three new appointments and three reappointments to the Southeastern Economic Development Corp.'s board of directors.

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.