AZUSA, CA-A Southern California-based investment group acquires the 136-unit Colony Park Apartment Condominiums for $11.6 million. The 136 units include 104 condominium rental units and 32 that are individually owned.

SANTA FE SPRINGS, CA-American Relocation & Logistics signs a lease for a new, 120,8620-sf industrial facility where it will consolidate its headquarters from nearby Montebello.

RIVERSIDE, CA-The city names Cheryl Dye, formerly economic development director for the city of Chula Vista, as its economic development manager.

ANAHEIM, CA-The fourth-quarter performance vaults absorption for 2003 to its highest yearly level since the record-breaking year of 2000, primarily on the strength of heavy leasing in Central and South Orange County, Voit Commercial Brokerage reports.

TUSTIN, CA-The real estate services firm signs contracts for new retail and residential management assignments, including the 173,00-sf Hub in San Bernardino.

LOS ANGELES-The value-added fund, the third in a series by CB Richard Ellis Investors, will focus on acquisitions and development in the 50 top US markets.

WOODLAND HILLS, CA-Pepper Lane Properties acquires the 21,600-sf store, which is leased to the drug chain, for $11.25 million from FW Rialto Co.

IRVINE, CA-CIP Real Estate acquires the three, totaling 67,557 sf, at the Centerpointe Office Complex, for $10.6 million. The locally based company now owns half of the buildings in the office park.