SAN DIEGO-Shea Homes and Continental Homes are gearing up to start construction on the recreational component of their Escala master-planned residential community. The recreation center, which is slated to rise on Fenton Parkway, will encompass 6,500 sf upon completion.

ESCONDIDO, CA-The Escondido-based firm reports second quarter revenue as $36.5 million and funds from operations as $23.9 million. The figures reflect an 8% jump in revenue and a 3.9% increase in FFO as compared with the same quarter last year.

CARLSBAD, CA-The medical device firm Medex Inc. inks an agreement with lessor Beckman Carlsbad LLC to occupy 24,827 sf in the Carlsbad Courtyard office facility. Located in the Carlsbad Research Center, the office building encompasses a total of 39,477 sf.

OCEANSIDE, CA-Orange County-based bkm Development Co. LLC acquires the property with plans to construct an industrial development on the parcel. First phase groundbreaking on the project, known as Oceanside Gateway Business Park, is slated for the latter part of this year's fourth quarter.

LA MESA, CA-The community bank has shelled out $1.4 million for the lot, which stands at 8379 Center Dr. in La Mesa. It plans to build a new branch on the site, which encompasses 28,000 sf.

RANCHO SANTA FE, CA-First Community Bancorp announces a net income of $8.6 million for this year's second quarter. The figure reflects an increase of 19% from first quarter 2003 for net income and net income per diluted share.

SAN DIEGO-The San Diego City Council has given a unanimous vote of approval for the funding, which will be used for the construction and repair of both slated and existing fire stations throughout the city.

SAN DIEGO-The Hanbit Church of Korea acquires the asset from McKenna Color Labs Inc., which originally purchased the property for $1.9 million in 1999. The new owner plans to convert the industrial facility into a house of worship.