SAN DIEGO-In a move that will give BRE Commercial/NAI a significant brokerage presence in Downtown San Diego, the firm has brought on board broker Allan Arendsee and his five-person team.

SAN DIEGO-The San Diego-based company announces consolidated net income of $4.7 million or $0.59 per diluted share for the fourth quarter of 2002. The figure represents a significant increase from third quarter 2002, when the firm reported a net loss of $3.5 million or $0.45 per diluted share.

OCEANSIDE, CA-John Morally Living Trust acquires the 27,925-sf building, which stands at 4695 North Ave. The new facility will be used to headquarter the buyer's firm, MWI Wholesale Plumbing.

SAN DIEGO-Reid & Clark Screen Arts Co. purchases a 17,580-sf industrial facility from Nelson Properties at 722 33rd St. and plans to relocate its operations there from a site on Island Street in Downtown San Diego.

LA JOLLA, CA-The federally chartered savings bank inks a five-year lease renewal deal for office space in the La Jolla Bank building, where it has been a tenant for the past 10 years.

SAN DIEGO-The borrower, Valentia Apartments LLC, will use the funds to refinance a 318-unit multifamily complex located at 5305 Toscana Way in San Diego. The 10-year loan amortizes over 30 years and has an interest rate of 5.28%.

CAMPO, CA-Design plans are already underway for the building, which will be used as a U.S. Border Patrol Station. Slated for groundbreaking in the fourth quarter of 2003, the facility will encompass a total of 40,000 sf on completion.

SAN DIEGO-In the latest sign of Downtown San Diego's status as the darling of the county, an investor picks up the 186,494-sf JDS office building in a 1031 exchange transaction.