IRVINE, CA-Pre-foreclosure sales hit a three-year high in the first quarter even as the average pre-foreclosure sales price dropped to a record low, according to RealtyTrac numbers.

NEWPORT BEACH, CA-Most of these assets are either on the campus of, in close proximity to, or strongly affiliated with a major healthcare system.

SAN DIEGO-MG Properties Group makes value-add play in Temecula and Daly City, CA, and anticipates closing an additional $200 million in acquisitions within the next 12 months.

SANTA BARBARA, CA-Multifamily properties in Santa Barbara ‘create excellent opportunities for investors to add value’ says the broker on the sale of Interstate Equities Corp.’s 554-555 Coronel Place here.

SAN DIEGO-No new construction will help accelerate the region’s post-recession recovery, and with land and construction costs high, once demand returns developers will fall back on more profitable building types, say sources.

LOS ANGELES-The locally based firm, which just purchased a 49-unit multifamily community here, continues be actively looking to acquire more value-add infill product in the L.A. area.

LOS ANGELES-An unidentified source says a CBRE Global Investors fund pays around $238 million for 400 S. Hope St.

BAKERSFIELD, CA-GlobeSt.com exclusively learns that the acquisition is valued at $15 million and brings the firms’ cold storage portfolio to almost half a million square feet.