SAN DIEGO, CA-Capri Select Income Fund I provides $10 million in mezzanine financing for Champion Development Group's current project, Gaslamp Square. Construction is beginning immediately on the multifamily and retail development.

SAN DIEGO, CA-The vacancy level in San Diego's flex market increased slightly from 14.9% in second quarter 2002 to 15.3% in the third quarter, while availability contracted from 16.9% to 15.4%, according to recent research by Insignia/ESG.

SAN DIEGO, CA-According to a new report, the local office vacancy rate rose slightly in third quarter 2002 to 13.49% from 12.68% in the second quarter of this year. This increase was mainly due to the 390,000 sf of new office space that came online in the third quarter.

VISTA, CA-PNS Stores Inc., dba Big Lots, inks a $2.3-million lease to expand to 37,000 sf here, while Big Five Sporting Goods signs a $1.2-million agreement for 15,000 sf. The two tenants will occupy the space previously leased by Heilig Myers Furniture.

SAN DIEGO, CA-ECP Associates, a California general partnership, snaps up the four-year-old, 56,429-sf corporate office building from Spectrum Huntington Center LLC, which counts Layton-Belling & Associates Inc. as the managing member.

CARLSBAD, CA-A locally based engineering firm leases the entire Atrium II office building in Carlsbad for a total consideration of $6.7 million. Encompassing 32,196 sf, the property is located at 2710 Loker Ave. West.

SAN DIEGO, CA-The restaurateur inks a 120-month lease for 5,800 sf in Downtown's Marina District. Scheduled to open in the spring of 2003, the new Fleming's Prime Steakhouse & Wine Bar will be located in the Crown Bay Condos at 380 K Street.

SAN DIEGO, CA-WP Carey acquires the 158,585-sf office property from LBA Overland LLC, a partnership between Layton-Belling & Associates and AEW Capital Management. Located in the San Diego Spectrum Business Park, the campus consists of a 60,335-sf corporate office facility and a 98,250-sf research and development building.