SAN DIEGO-Pan Pacific Retail Properties Inc. announces that total funds from operations jumped from $24.2 million for the first quarter of 2002 to $32.8 million for the same period this year.

ESCONDIDO, CA-A Culver City-based distributor of heaters and air-conditioners shells out $2.1 million for the building, which contains both office and warehouse space. The deal comes as San Diego County's flex/R&D market continues on its upward swing.

LA JOLLA, CA-McCarthy Building Cos. Inc. completes construction of the Powell-Focht Bioengineering Building, a new research facility located at the University of California, San Diego in La Jolla.

SAN DIEGO-Ohio-based investor Square Foot XIV acquires the building, which stands at 17170 Bernardo Center Dr., occupied by 24 Hour Fitness. 24 Hour Fitness is a long-term tenant here, having inked a 20-year lease here in 1992.

ESCONDIDO, CA-New Urban West Inc. acquires the property, which is located at Old Ranch and Rockwood Roads. The buyer plans to develop an 80-unit, gated residential community on the site.

SAN DIEGO, CA-Despite a slow first quarter for the San Diego County office market, the region has reported overall positive net absorption for the first three months of 2003. Net absorption actually increased 53% from the fourth quarter of 2002, increasing from 193,645 sf in the last three months of the previous year to 296,262 sf in the first three months of this year, according to a recent report on the region.

SAN DIEGO, CA-Despite a slow first quarter for the San Diego County office market, the region has reported overall positive net absorption for the first three months of 2003. Net absorption actually increased 53% from the fourth quarter of 2002, increasing from 193,645 sf in the last three months of the previous year to 296,262 sf in the first three months of this year, according to a recent report on the region.

SAN DIEGO, CA-The San Diego County Office of Education awards Environmental Business Services, a wholly owned subsidiary of SCS Engineers, with a contract that will run through July 2005. According to the terms of the agreement, Environmental Business Services will provide its environmental consulting services at various school sites and administration facilities located throughout San Diego County.