SAN DIEGO, CA-"Drive in" demand from Los Angeles, Orange County and Arizona is a significant factor in the rapid recovery of San Diego's lodging industry, according to a new Ernst & Young report that says the region is recuperating faster than other California submarkets.

SAN DIEGO, CA-A 22-year employee of the bank, Michael Yeatts has been working with the real estate group since 1994. In his new role managing the company's real estate industry deposit services group, the senior vice president heads a team of 30 employees that operate throughout California, Oregon and Washington.

SAN DIEGO, CA-Professional Satellite & Communications is already occupying its newly leased 54,074-sf space in Morehouse Technology Center, which is serving as one the company's major call centers. The entire lease transaction, which is valued at $2.1 million, has taken just two weeks to execute.

SAN DIEGO-Judd and Dillard Otay LP pay $6.4 million for the site, which they plan to develop. The parcel is located at SEC Otay Mesa and La Media.

RANCHO BERNARDO, CA-The provider of technology outsourcing services and document imaging solutions has completed the design of its proposed 70,000-sf corporate headquarters in Rancho Bernardo and is preparing to begin construction on the project.

SAN DIEGO, CA-The CEO and CFO of Pan Pacific Retail Properties Inc. increase their ownership interests in the shopping center REIT through a two-step stock transaction. As a result, CEO Stuart A. Tanz now owns 21,667 more shares of common stock, while CFO Joseph B. Tyson's interest increases by 2,000 shares of common stock.

SAN DIEGO, CA-The San Diego-based construction consulting firm has been chosen by the Los Angeles Unified School District to handle school construction management for an estimated $2-billion program. Gafcon is part of a joint venture team headed up by CCG and Harris & Associates that will oversee the construction of new schools on a case-by-case basis.

SAN DIEGO, CA-WFS Financial Inc. signs an 8,142-sf lease for office space at the complex. The agreement is the second lease to be inked at the park in the past week.