CARLSBAD, CA-An investment partnership known as Pacific Realty Advisors LP acquires the two-building complex from I & G Faraday Inc. The new owner plans to significantly rehab the property, which is located at 2382-86 Faraday Ave.

SAN DIEGO, CA-Pan Pacific Retail Properties Inc., the largest shopping center REIT on the West Coast, raises its quarterly dividend 5.3% to $0.50 per share. The news comes as the company plans to sew up its pending acquisition of Center Trust Inc.

SAN DIEGO, CA-Geotechnics Inc. takes 15,944 sf at the San Diego office park, while Photo Imaging Center LLC renews 9,730 sf here. The transactions have a combined value of $2.9 million.

SAN DIEGO, CA-Citymark Development LLC pays $2.8 million for the four parcels, which are located at 3812-3830 Park Blvd. The developer plans to build an 80-unit condominium project on the property, which encompasses a total of 34,735 sf.

CARLSBAD, CA-Franz LLC acquires the 31,644-sf building, which was completed this past December. The three-story facility is leased to O'Day Consultants Inc., a related entity of Franz LLC.

CHULA VISTA, CA-Subway Real Estate Corp., State Farm Insurance Co., Lolita's Restaurants Inc. and Pacific Bell Wireless LLC have all signed leases to occupy space at The Plaza at Sunbow, a 105,000-sf Chula Vista neighborhood center. The transactions are worth $964,000 combined.

SANTEE, CA-Nancy Ridge Technology Center II LP acquires the 84,046-sf property, which stands at 9711-9771 Mission Gorge Rd. Tenants here include Henry's Marketplace, Rite Aid, Petco and Wells Fargo.

SAN DIEGO, CA-The Portland, OR-based firm, which spent the past year building an industrial portfolio in San Diego, has now acquired its first office property here. The company will occupy 4,500 sf of the 77,931-sf acquisition.