opposit golf til shore with an unobstructed view across the bay of the san francisco skyline one hun dred and thirty-two acres remained to be sold at year end with 14 acres soid dur ing the year south san francjsco sales this year of ivz acres left this three-unit industrial park with but 107 acres remaining for sale land in two of the units was developed using con ventional earth-moving equipment and the third unit required limited improvement this park is located adjacent to the san francisco international airport and is in the center of an expanding industnal-commer cial community el segundo development work began early this year at this industrial park located near los angeles international airport and in the center of the southern california growing electronics aircraft and space age industries to date 36 of 120 acres devel oped have been sold the high point of the year was the substantial sale of a site on which aerospace corporation plans a 10 million building pauma valley completion of the golf course designed by robert trent jones marked the commencement of development work at this residential site with emphasis on recreational facilities this community is between the fast growing los angeles and san diego areas available for development and sale are 1451 acres the company has purchased all of the outstanding stock of pauma inn and golf course inc an action which was necessary to achieve coordinated operation and management of all of the pauma properties