Bob Cummings has joined multifamily housing developer Chelsea Investment Corp. as project manager.

Rancho Bernardo-based BioMed Realty Trust and Pasadena-based Alexandria Real Estate Equities, each with millions of square feet of life science space in San Diego County, both recorded a strong year in 2011.

The six-story, 146,156-square-foot medical office building in Carmel Mountain Ranch at 15004 Innovative Drive, San Diego 92128, has been sold for $110 million. Also sold was an adjacent six-level, 205,000-square-foot 600-vehicle parking structure.

(AP) -- Federal agents are investigating a former Los Angeles city building inspector after bribery complaints.

CoreLogic (NYSE: CLGX) reported Wednesday that there were 830,000 completed foreclosures nationally in 2011 compared with 1.1 million in 2010, a decrease of 24 percent.

The 41.36-acre The Oaks Farms (formerly Indian Hills Ranch) at 16120 Woods Valley Road in Valley Center 92082, has been sold for $1.6 million.

The seven residential units in University Heights at 4471-4473 Louisiana St., San Diego 92116, have been sold for $726,000.

Vista Hill Foundation has leased 4,116 square feet of retail space at 1105 Broadway, Suites 209-211, San Diego 92101, from Naples Center LLC. The property was leased for five years at $395,136.

San Diego-based DataQuick responded to recent changes to the Home Affordable Refinance Program (HARP) with new offerings that identify eligible loan modification candidates.

With or without redevelopment agencies, it appears a housing shortage is heading San Diego's way.

Cassidy Turley BRE Commercial's Chris Rink represented the buyer of the Deal of the Week. The seller represented itself.

(Bloomberg) -- Bank of America Plaza, the tallest tower in the U.S. Southeast, was sold at a public auction Tuesday on the steps of the Fulton County Courthouse after landlord BentleyForbes missed mortgage payments.

Jamacha Villas, a 16-unit apartment at 8940 Jamacha Road in Spring Valley, has been sold for $3.5 million.

Realty Income Corp. (NYSE: O), said it expects net proceeds, after expenses, of $361.7 million from the close of its public offering Tuesday.

An approximately 20,500-square-foot retail building in downtown San Diego's East Village at 1455 Market St. 92101, has been sold for $935,000.

San Diego home prices fell 1.6 percent quarter-over-quarter, mirroring the national decline, according to Clear Capital’s Home Data Index Market Report.

With new apartment construction under way after a lull during the recession, San Diego County's apartment vacancy is projected to increase slightly to 3.4 percent by the end of this year, according to a commercial real estate broker.

BioMed Realty Trust Inc. (NYSE: BMR) announced Monday it has entered into a definitive agreement to acquire Cambridge Place, comprising three buildings and 287,000 square feet of space in Cambridge, Mass. for $119 million.

Both major measures of foreclosure activity fell in January, according to the San Diego County Assessor’s Office.

The approximately 34,171-square-foot, mixed-use medical office/retail building at 4318 Mission Ave. in Oceanside 92057, has been sold for $6.36 million.