IRVINE, CA—Too Faced Cosmetics has signed a 104-month lease with Bixby Land Co. to occupy the entire ground floor at the creative-office development at 18231 W. McDurmott here. The project was completed by Bixby in September 2014. Too Faced is relocating from an 11,000-square-foot building here and is effectively tripling the size of its operation to support growth. The tenant is working on an interior-space design with Gensler and will take occupancy later this year. Financial terms of the lease were not disclosed. Too Faced was represented in the transaction by Byron Foss of Newmark Grubb Knight Frank, while Bixby was represented by Bob Thagard of Orion Partners and John Griffin of Voit Real Estate Services.

TUSTIN, CA—Coreland Cos.' brokerage division has been awarded five new retail leasing assignments, including two in Los Angeles County and three in Orange County. Plaza on the Boulevard is a 100,000-square-foot Walmart Neighborhood Market-anchored center in Stanton, CA. Coreland's director of retail brokerage Matt Hammond and associate Tim Muller will handle the leasing assignment. Strawberry Square Shopping Center is an 80,000-square-foot neighborhood center in Gardena. Senior associate Ben Terry and Hammond will handle the leasing assignment. 3033 Bristol is a 40,000-square-foot neighborhood shopping center located steps from the Lab and the Camp in Costa Mesa. Hammond and senior associate Joseph Kim will handle the leasing assignment. Additional listings include Placentia Plaza, a 53,739-square-foot shopping center anchored by Northgate Gonzalez Market and located within a dense trade area of north Orange County; and Maywood Village Square, a 50,000-square-foot convenience center in Maywood. Terry will handle the Placentia Plaza leasing assignment, and Hammond will represent Maywood Village Square.

SALES

SAN DIEGO—Park Equity LLC, c/o 3D Investments, has sold a residential infill site at 2850 6th Ave. here for $12.2 million to LLJ Zephyr BH LLC, c/o Zephyr Partners. Victor Krebs of Colliers International handled the transaction. The buyer plans to develop an upscale high-rise project of 64 condominiums with 4,300 square feet of retail space. The property has direct frontage on Balboa Park and will also have unobstructed views of San Diego Bay and Coronado on the west side of the building.  

OCEANSIDE, CA—SR Commercial has acquired the Oceanside Commerce Center, a five building, multi-tenant industrial park encompassing more than 70,000 square feet at 4747, 4749, 4751 Oceanside Blvd. and 1818, 1820 Peacock Blvd. here, for $7.5 million from Bob Voit. The property, which was acquired as part of a 1031 exchange, will be held as a long-term cash flow asset. The property was 85% occupied at the time of purchase, and the new owner plans to immediately implement interior and exterior enhancements in order to justify gradual rent increases. SR Commercial was represented by Michael Hartel and Joe Winkelmann of Voit Real Estate Services' Irvine office. The seller was represented by Randy LaChance of Voit Real Estate Services' San Diego office.

LONG BEACH, CA—Torrance, CA-based Luna Bear Investments has sold Ocean Plaza Apartments, a 44-unit property at 633 E. 1^st St. here, to Santa Monica, CA-based Joda Investments for $6.25 million in an off-market transaction. Robert Stepp, principal with Stepp Commercial, represented both parties in the transaction, advising the buyer on securing a five-year fixed Freddie Mac loan at 3.3%.  The property closed at a 5.55% cap rate.

FINANCING

DENVER—Dividend Capital Diversified Property Fund Inc. has closed a $550-million senior unsecured credit and term facility that includes a $400-million senior unsecured revolving credit facility and a $150-million delayed-draw term loan. An accordion feature will allow DPF to increase the facility by $350 million, subject to obtaining additional lender commitments, for total maximum commitments of $900 million. At closing, DPF had $280 million outstanding on the revolving credit facility and $100 million outstanding on the delayed-draw term loan. Proceeds from the facility were used to retire the outstanding obligations under DPF's previous senior unsecured credit facility.

WESTMINSTER, CA—Capital One Multifamily Finance has provided a $30.25-million floating-rate bridge loan for Jasmine Place Apartments, a 144-unit property here on behalf of borrower Golden Horizon Realty. Greg Reed and Kristen Croxton, SVPs in Capital One's office Newport Beach, CA, office, originated the transaction. 

LAS VEGAS—PCCP LLC has provided an $18-million senior loan to Dornin Investment Group for the acquisition and lease-up of City Centre Place, a six-story class-A office building totaling 104,000 square feet at 400 S. 4^th St. in Downtown Las Vegas. The property, which is 71% occupied, is located between the County Courthouse, the Federal Courthouse, and the US Bankruptcy Courthouse.

EXECUTIVE APPOINTMENTS

IRVINE, CA—