MANHATTAN BEACH, CA- Snyder Partners of Los Angeles and The Praedium Group LLC of New York City acquire a 38,000-sf office building at 400 S. Sepulveda Blvd. for $7.4 million.

SANTA MONICA, CA-Specialty Laboratories Inc. agrees to sell its new Valencia headquarters to the New York City-based Lexington Corporate Properties REIT, with Specialty to lease back the facility.

WESTLAKE VILLAGE, CA-Century Electronics, a maker of power supplies and related products for the defense and commercial markets, has renewed its lease for 20,000 sf at the company's headquarters.

SANTA FE SPRINGS, CA-Nishimoto Trading Co., one of Japan's oldest and largest international distributors of Asian foods, relocates its US headquarters to Golden Springs Business Center, according to Colliers Seeley International.

SAN BERNARDINO, CA-Walton Inland Investors IV LLC and the Macerich Co. of Santa Monica buy the Inland Center Mall for $63.3 million from LaSalle Investment Management as advisor to Mano Management Company Inc.

NEWPORT BEACH, CA-Thomas R. Sherlock will oversee advisory services division in new position. Buchanan also adds an investment manager.

EL SEGUNDO, CA-Private investors acquire a 42,000-sf office building here for $6.8 million, the same price paid for a 40,542-sf office building in a separate deal in Burbank.

REDLANDS, CA-The larger of the two projects the 82-unit Cypress Villas and will be built here. The remaining 58 units will be built in Reseda, with both developments constructed by Projects West Construction Inc. of Calabasas.<p>