BEVERLY HILLS, CA-The Festival Cos., a Goldman Sachs investment partner, acquires the 13,500-sf retail building as the first investment in a fund that plans $800 million in acquisitions.

SANFORD, NC-The convenience-store chain reports some ups and downs related to gas prices, but it's still buying stores.

LOS ANGELES-Privately held BH Properties, following $100 million of investments in 2006, has $250 million in hand to invest in new properties throughout the US by the end of 2007.

LOS ANGELES-Privately held BH Properties, following $100 million of investments in 2006, has $250 million in hand to invest in new properties throughout the US by the end of 2007.

IRVINE, CA-The company, with plans to invest in and develop $600 million of property this year, brings on new exec Brett Lay as chief financial officer.

IRVINE, CA-The company, with plans to invest in and develop $600 million of property this year, brings on new exec Brett Lay as chief financial officer.

LOS ANGELES-Mandarin Oriental Hotel Group signs on to manage the Related Cos. hotel planned for the previously announced 1.2-million-sf, $1.8 billion Grand Avenue project.

MOORPARK, CA-The 20-year land lease at the 495,000-sf Moorpark Freeway Corporate Center will put Home Depot in a 145,000-sf building that will break ground this summer.