at utah's south san francisco industrial park which was developed by filling marsh lands acquired in 1955 has exceeded expecta tions the park located in the vicinity of the san francisco international airport is now occupied by many nationally prominent firms during the past 12 months 70 acres were sold or leased and at year end a number of additional transactions were in various stages of negotiation reducing the uncommitted portion to 77 acres sales efforts in the future will find added competition from a 600 acre park being developed on an adjacent property vandenberg village vandenberg village consisting of 3,000 acres of optioned property located adjacent to vandenberg air force base is a complete residential community a golf and country club motel facilities and a shopping center represent the focal points of the project as of the year end 350 acres including 1,100 developed residential lots have been sold due to a leveling off in opera tions at the military base home sales in the area have declined to such an extent that local builders own a surplus of completed and un occupied units a number of which are located within vandenberg village it now appears that the sale of the company's inventory of lots may require more time than was origi nally anticipated torrance the company now holds 102 acres of a 219 acre land parcel purchased at torrance california this year 83 acres were sold to a contractor who is building a number of homes sale of the 1 1 acres zoned for com mercial development is imminent opposite page : 1 dredge alameda operating with japanese in dustrial land development co japan 2 utah's south san francisco industrial park 3 pauma valley golf and country club south 4 pacific telephone building on company's el segundo industrial park center alameda south shore development com prising shopping center and land for single and multiple housing projects