TUSTIN, CA-Bixby Land Co. pays $18.5 million for a 114,500-sf distribution building, bringing the value of its industrial portfolio to more than $300 million.

LOS ANGELES-Bart Reinhard of CB Richard Ellis, the 40th president of the AIR Commercial Real Estate Association, sees expanding membership as one of this year's goals.

REDONDO BEACH, CA-The 161-unit Bascom Group apartment complex, called the Waterfront, occupies a site where development would be virtually impossible today.

REDONDO BEACH, CA-The 161-unit Bascom Group apartment complex, called the Waterfront, occupies a site where development would be virtually impossible today.

NEWPORT BEACH, CA-The healthcare properties REIT will buy $915 million of buildings and the San Diego-based developer and will have rights to buy $1 billion more.

NEWPORT BEACH, CA-The healthcare properties REIT will buy $915 million of buildings and the San Diego-based developer and will have rights to buy $1 billion more.

WEST LOS ANGELES-The buyer of the 82,258-sf Wellesley Plaza, who gets a building with rents up to 50% below market, plans substantial improvements.

WEST LOS ANGELES-The buyer of the 82,258-sf Wellesley Plaza, who gets a building with rents up to 50% below market, plans substantial improvements.