LOS ANGELES-The $22.5 million deal presented challenges because of the credit crunch, but the buyer gets 77% of the cost in a nonrecourse loan.

CITY OF COMMERCE, CA-NAI Capital's new Korean team, headed by Mike Choi, specializes in brokerage and investment services to the Southern California Korean market.

EL SEGUNDO, CA-The debt and equity provider promotes former managing directors Greg Eberhardt, Greg Galusha, Brian Heafey and Bryan Thornton to partners.

LADERA RANCH, CA-The nontraded REIT, called Strategic Storage Trust Inc., sees investor demand, reliable returns and a chance for consolidation in the self-storage industry.

LADERA RANCH, CA-The nontraded REIT, called Strategic Storage Trust Inc., sees investor demand, reliable returns and a chance for consolidation in the self-storage industry.

LOS ANGELES-The new 26-story 717 Olympic residential high-rise readies to open its doors in Downtown L.A. next to the Staples Center.

GLENDALE, CA-The lack of medical office space prompts city officials to allow the conversion of 50,000 sf of office space at 600 N. Brand Ave. to medical uses.

IRVINE, CA-Waterfield Bank takes two floors at 18881 Von Karman Ave., a building that was known as Tower 17 but will be renamed Waterfield Tower.