PHOENIX-The Laguna Hills, CA-based operator Melt Gelato & Crepe Cafe opens its first franchised store outside of California.

IRVINE, CA-M2 Properties of Marina del Rey secures $14.5 million through Wrightwood Capital to finance the conversion of warehouse space into office and industrial condos.

CERRITOS, CA-Cohen Asset Management of Los Angeles buys the Carmenita Corporate Plaza. Terms are undisclosed, but the price is believed to be north of $16 million.

CERRITOS, CA-Cohen Asset Management of Los Angeles buys the Carmenita Corporate Plaza. Terms are undisclosed, but the price is believed to be north of $16 million.

LOS ANGELES-Tesco, one of the world's largest grocery chains, has taken steps for a push into California with the signing of a lease for a supermarket in Glassell Park and plans a distribution center in the Inland Empire. The United Kingdom-based Tesco signed the lease with a partnership of Newport Beach-based Heslin Holdings Inc. and San Diego-based Retail Holdings LLC for a 32,500-sf former Albertsons store at 4211 Eagle Rock Blvd.

IRVINE, CA-Hines finances its acquisition of a future office development site with a $15.5-million loan via Buchanan Street for a property next to its 2211 Michelson office tower.

WOODLAND HILLS, CA-Younan Properties Inc. boosts its office holdings to 7.5 million sf. Separately, the firm backs away from going public.

WOODLAND HILLS, CA-Younan Properties Inc. boosts its office holdings to 7.5 million sf. Separately, the firm backs away from going public.