NEWPORT BEACH, CA-The Nationwide Health Properties REIT secures the funding from Red Mortgage Capital Inc., the mortgage banking entity of Red Capital Group.

LOS ANGELES-The medical center rents the 50,000 sf of office space from JP Morgan Chase, which declared it as surplus after it acquired Dreyfus Online.

NEWPORT BEACH, CA-Barry Chase joins the real estate investment and development firm as EVP of acquisitions.

LOS ANGELES-The veteran Grubb & Ellis executive will fill the post recently vacated when Robert Shibuya moved to Trammell Crow.

FULLERTON, CA-The transactions, involving properties here and in Huntington Beach, include an 85,700-sf multi-tenant building that sold for $6.3 million and a 20,900-sf building that sold for $2.3 million.

WOODLAND HILLS, CA-Michael Pourmirza steps into his new role in a move from his former position as a retail investment broker with Coldwell Banker Commercial.

SAN DIEGO-The banking group's chief economist says the MBA believes the recovery is under way and the US is headed for economic growth. Rising rates for home mortgages will have implications for apartment investors.

LOS ANGELES-JOL Management Co. signs for 23,000 sf at Howard Hughes Center in a consolidation and relocation from Marina Del Rey.