LOS ANGELES-The California Public Employees' Retirement System is also an investor in the 128-unit apartment development, a joint venture of San Francisco-based MacFarlane Partners and the Related Cos. of New York City.

LOS ANGELES-The FAME Assistance Corp. will build an $8.3 million office development. The five-story, 32,000-sf project will be financed in part by a $2 million federal grant.

MARINA DEL REY, CA-Caruso Affiliated Holdings of Los Angeles plans an $11 million makeover of the 10-acre Marina Waterside retail center, which it acquired recently from Carlyle Realty Holdings.

NEWPORT BEACH, CA-New York City-based Cresa Partners will gain an Orange County office and Dallas-based Staubach will lose one as the Staubach office here converts to Cresa.

IRVINE, CA-The former president of Coldwell Banker Commercial signs on as an SVP with responsibilities for managing the Florida region as well as helping to direct strategy and operations.

LOS ANGELES-The Cushman & Wakefield broker is elected president of the AIR Commercial Real Estate Association, heading a new slate of officers for the year.

COSTA MESA, CA-A Los Angeles-based investor buys the Waters at Creekside, a 156,854-sf development, with plans to sell individual buildings out of the nine-building project.

CENTURY CITY, CA-TransAction Financial Corp. acquires three properties in Southern California and one in Maryland for a total of approximately $75.1 million.