CARLSBAD, CA-Pacific Property Co. and GMAC purchase Cascade Falls, a 450-unit apartment complex in a joint venture. The property will undergo a major overhaul.

CARLSBAD, CA-Pacific Property Co. and GMAC purchase Cascade Falls, a 450-unit apartment complex in a joint venture. The property will undergo a major overhaul.

SAN DIEGO-A joint venture between Adams LaSalle Realty and Sand & Sea Capital acquires the Crown Tower Apartment complex. Wrightwood Capital provides $6.2 million in financing.

SAN DIEGO-Two major leases close this week, absorbing more than 157,000 sf of industrial space. Ortho Organizers Inc. and RD America Inc. ink multi-year deals.

LAS VEGAS-NAI Global president and COO Jeffrey M. Finn says the group completed $30.5 billion in global transactions in 2005, and hopes to achieve a 75% increase in broker-to-broker transactions in 2006. The revelation comes at its annual convention at the Rio Hotel and Casino here.

LOS ANGELES-At NAI Global's annual convention held this week at the Rio Hotel and Casino in Las Vegas, Mike Zugsmith, chairman of NAI Capital Commercial, details the Southland's strong fundamentals.

SORRENTO MESA, CA-TA Associates Realty acquires two R&D buildings totaling 88,215 sf. The acquisition marks the second this month for the investment firm in the San Diego area.

OTAY MESA, CA-The first phase of Opus Crossing, a 320,000-sf industrial development, is now 52% sold. Two additional buildings on the property will be converted to industrial condos.