SANTA ANA, CA-The real estate investment firm, owner of shopping centers valued at about $300 million, expects to boost that value above $500 million by midyear. The 2003 strategy also calls for up to $50 million of industrial buys.

OXNARD, CA-The private investor gets a 10-year, floating rate mortgage to buy a 37,621-sf new office/warehouse at 380 Lombard St. from Camarillo, CA-based developer Martin Teitelbaum. The financing has a 75% LTV.

BURBANK, CA-Campbell-Ewald relocates and expands with a 10-year lease at Burbank's Empire Boulevard. Industry sources say the agreement for the two-story building is valued at nearly $3 million.

UPLAND, CA-The 110-acre Colonies Crossroads is a joint venture of Colonies Crossroads Inc. and Pacific Development Group. Construction on the 550,000-sf, first phase starts in September. Anchor announcements are forthcoming.

SHERMAN OAKS, CA-The New York investment firm teams for the first time with locally based Rockland Properties to acquire 169 units from a local seller. The Summer View Apartments was 97% occupied at sale time.

LOS ANGELES-The big questions lie in the housing market. The commercial markets are seen as stable, with industrial and retail sectors cited as the strongest. The Inland Empire will continue as an economic driver for the state.

BALBOA ISLAND, CA-The 2,096-sf retail building at 201 Marine Ave. has brought one of the highest per sf returns for a comparable property on Balboa Island. The longtime real estate office sale closed at 6.8% cap rate.

CITY OF INDUSTRY, CA-The Hunsaker Development project joins six other speculative industrial buildings under construction in Imperial Business Park. Hunsaker's 154,000-sf plan will deliver in a single building with 20 "for lease" units.