SANTA ANA, CA-Funds from the $5-million participating note program will be used to acquire additional income properties in California. The properties will then be resold in fractional interests to investors looking to complete 1031 exchanges.

NEWPORT BEACH, CA-The locally based company cuts ribbon on $3.9-million storage facility along the San Gabriel River, as part of its strategy to expand operations into the self-storage business. Similar projects are planned for Huntington Beach and Rialto.

LOS ANGELES-The Glendale Redevelopment Agency has unanimously approved the development plan, devised by Caruso Affiliated Holdings, for the $100-million Town Center project. Its approval means the next phase, the EIR process, can now commence.

LOS ANGELES-A principal of Entertainment Lighting Services has scooped up a 69,582-sf industrial building and an adjacent parcel of land in Sun Valley. The acquisition will allow the company to expand its headquarters, which will be located at the recently purchased site.

IRVINE, CA-The Irvine-based company, Aslan Realty Group, has paid $6.5 million for the property. Local investors continue to buy up multifamily property in the Inland Empire, as this is one of the fastest growing regions in Southern California.

ANAHEIM, CA-The shopping complex, known as Katella Center, encompasses 31,411 sf. It has been sold by Independent Development Co. The transaction follows the recent sale of a retail complex in Santa Ana. The property was sold to T & N Tustin Investments Inc. for $3.3 million.

WHITTIER, CA-The Whittier-based construction company is building a 168,000-sf warehouse addition for Footstar, the national footwear retailer. It will rise in Mira Loma, adjacent to Footstar's existing 350,000-sf facility.

LOS ANGELES-The building was acquired by an industrial investment group that resigned the existing tenant for an additional 15 years. The seller was San Francisco-based Catellus Development Corp.