LOS ANGELES-The Ford Hotel now called ‘the Ford’ gets a $28-million facelift to serve as housing for 151 low-income residents, but projects like these are going to find tough sledding in California, says a source.

SANTA FE SPRINGS, CA-Milan Capital Management as lead investor, together with a group of high net worth individuals as its partners, will reposition several key tenants at the 114,629-square-foot property.

MANHATTAN BEACH, CA-Growth activities for Granite Properties will include acquisitions of office assets in core-plus, value-add and opportunistic investment classes.

CHEYENNE, WY-Synergy Development sells an 86,883-square-foot shopping center here—which has been more than 98% occupied since its inception—to a national private equity group.

WOODLAND HILLS, CA-According to a source, this $26-million buy is a great barometer for the improving commercial real estate investment market due to the amount of investor interest for the properties.

PETALUMA, CA-Regency Centers will invest approximately $61 million into the construction of East Washington Place, which is expected to create approximately 380 construction jobs and 720 permanent jobs.

RIVERSIDE, CA-NAI Capital expands its Inland Empire brokerage teams; Sperry Van Ness adds two new franchises in California and Wisconsin; and Transwestern adds four new agents to its Orange County office.

KONA, HI-Just on the heels of a 300-acre land deal that changed hands for $3.5 million from an offers previously at $55-$70 million, a 660-acre parcel here is on the block for 80% below the previous trading price.