CALABASAS, CA-Lincoln Property Co. buys the 321,000-sf Malibu Canyon Corporate Center from the Johnston Group, which developed the seven-building office complex.

GARDEN GROVE, CA-In its second Southern California acquisition in recent months, the Redwood City-based firm buys the Waterstone apartment complex.

LOS ANGELES-The acquisition of 533,000 sf in San Diego from New York-based DRA Advisors launches a western regional growth push for Arden Realty.

LOS ANGELES-The acquisition of 533,000 sf in San Diego from New York-based DRA Advisors launches a western regional growth push for Arden Realty.

RICHMOND, VA-The operator of auto superstores and Internet sales plans to open 13 new superstores in the next fiscal year.

TUSTIN, CA-The Coreland Cos. expands its regional management team with the hiring of Susan Szabo as a regional real estate manager for the company's retail and mixed-use properties.

CERRITOS, CA-The Los Angeles-based company acquires the 187,000-sf Cerritos Corporate Tower from ZMI Real Estate of Newport Beach.

NEWPORT BEACH, CA-The tenant-in-common sponsor acquires a multifamily portfolio of 2,399 units in a deal involving 208 investors in eight separate offerings.