SAN DIEGO-San Diego County's apartment market is expected to stay in "solid shape" through the next year, according to a new report by Marcus & Millichap Real Estate Investment Brokerage Co. The firm's researchers predict that the multifamily sector will experience a decrease in vacancy over the next 12 months, while both rents and sale prices are expected to increase.

SAN DIEGO-Phase I, which is rising at the northwest corner of Nobel Drive and I-805, is slated for an October 2004 completion. At build-out, this first phase will accommodate more than 1,000 employees from IDEC Pharmaceuticals Corp.

SAN DIEGO-Lennar Homes of California and Intergulf Development have acquired a Banker's Hill parcel that currently houses two one-story office facilities. The buyers have purchased the property with plans to develop a 14-story condo project on the site.

ESCONDIDO, CA-Antoniades Family Trust sells the Escondido site to Shoreline Corp. / Shoreline Communities for more than $1.4 million. The new owner has secured a tentative map on the property for a 12-lot residential subdivision.

SAN DIEGO-Southwestern Furniture of Wisconsin LLC dba Ashley Furniture will take 40,198 sf of showroom space at the San Diego Design Center in the Metroplex. The store will open for business here on Friday, August 15th.

RIVERSIDE, CA-The 100,593-sf project entails an expansion of the dealership's showroom, remodeling of existing facilities, and construction of a four-level parking deck. Completion is slated for this autumn.

SAN DIEGO-Aardema Family Partnership acquires the asset from Kreiss Enterprises, which will continue to utilize the facility as its central headquarters. Encompassing 58,400 sf, the property stands at 8525 Camino Santa Fe in San Diego.

POWAY, CA-San Diego Employers Association picks up the 8,025-sf Puplava Business Centre from Puplava Securities. The new owner plans to use the facility as its central headquarters building.