RANCHO BERNARDO, CA-Charles W. Hostler acquires the 73,509-sf asset, which is part of the Crossroads at 4S Ranch industrial park. Located at 10895 Thornmint Rd., the property is leased to General Atomics Aeronautical Systems and Northrop Grumman.

SAN DIEGO-The Centre City Development Corp.'s board of directors grants design review approval for the Aria project, which ANKA LLC has proposed for the Cortez Hill neighborhood of Downtown San Diego. ANKA may break ground on the development as early as April 2004.

LA JOLLA, CA-Roel Construction wraps up construction of the luxury condominium project, which is owned by developer Centex Homes. The Montefaro complex, which is located at 7255 Girard Ave. in La Jolla, houses 48 luxury condominium units, a recreation center, pool, gym, spa, club house, outdoor living area, and 121 parking spaces.

SAN DIEGO, CA-Another 77 apartment units and 17 motel rooms may be under way as soon as this September in the Little Italy neighborhood of Downtown, as developer Moe Siry has received design review approval from the Centre City Development Corp.'s board of directors for his Bayview Motel and Apartments project.

LA JOLLA, CA-Union Fidelity Mortgage Inc. and Adamson Brothers sign on for a total of 14,398 sf combined. The two tenants will occupy the entire third floor of the five-story building, which is located at 7979 Ivanhoe Ave. Downtown.

SAN DIEGO-Slated to begin on July 8, the bond sale will benefit a variety of redevelopment activities in Downtown's 1,400-acre Centre City project area.

SAN DIEGO, CA-Principal Real Estate Investors acquires the four-building complex that is comprised of 353,067 sf of office and biotechnology space from AGRRI Seaview LLC, which is a partnership between The Shidler Group and Angelo, Gordon & Co. The seller had purchased the asset in April 2002 for $62.5 million and increased its occupancy by nearly 30% during its ownership.

ENCINITAS, CA-The Houston-based REIT pays $24.5 million for the asset, which is currently 100% leased. Seller ACF El Camino 02 LLC originally acquired the property in June 2002 for $16.9 million.