ENCINITAS, CA-In anticipation of the planned expansion of its Encinitas hospital property, Scripps Health has acquired a 174,240-sf asset and an adjacent four-acre parcel located here from St. Mark Lutheran Church for $4.7 million.

BALTIMORE-Newer is better for the multifamily property REIT as the company sticks with that notion in its recent sale of two 30-year-old apartment properties--accounting for a total of 900 units--in exchange for $53.4 million.

TEMPE, AZ-Arizona State University and the ASU Foundation will get new administrative offices with a $43.5-million, mixed-use project. The development, which delivers in December 2004, calls for 140,000 sf of office space and 15,000 sf of retail.

DENVER-As predicted by the company, third quarter results fell from the same period a year earlier. The largest apartment REIT contributes the loss to the apartment recession.