SAN DIEGO, CA-First Community Bancorp exchange more than 2.7 million shares of its common stock and $74.2 million in cash for First National Bank, which has seven branches located in San Diego County.

SAN DIEGO, CA-Investor demand has pushed apartment sales in the region to the highest level in 17 years, according to a new report by Burnham Real Estate Services, which points out that a total of 335 apartment sales occurred during the second quarter of this year.

RANCHO CUCAMONGA, CA-An Ontario-based family trust sells the 19,352-sf office facility, which is located less than one-half mile north of the Interstate 10 Freeway and one mile north of the Ontario International Airport. Known as the Friendly Hills Medical Building, the property was built in 1982.

TEMECULA, CA-The 48-unit property, known as Villa Del Sol, was 96% occupied at the time of sale. Built in 1988, the complex features a pool, gazebo and playground, as well as balconies and patios.

SAN DIEGO, CA-The Beardsley Family Trust replaces its variable-rate financing on the Caliber Collision Building in Downtown San Diego with a 7%, 15-year fixed-rate loan. Caliber, the Irvine-based collision repair company, has been operating a shop in the facility for the past 10 years.

SAN DIEGO, CA-The Hambalko Family Trust sells three industrial properties and acquires a fourth in four separate 1031 tax deferred exchanges. The properties, which are located in the South County area of San Diego, encompass a total of 49,883 sf.

CARLSBAD, CA-A Nevada-based LLC snaps up the complex known as Prospect Point Apartments. The new owner is planning a $1.5-million renovation of the circa 1965 development.

LAS VEGAS, NV-A new report from Hendricks & Partners says the market has recuperated somewhat when compared to earlier this year, but vacancy levels and rent increases are still below last year's performance.