COLTON, CA-A buyer from Los Angeles uses 1031 Exchange capital to acquire the fully occupied Casa Mediterrania from a Southern California-based seller. The sale closes at a 7.2% cap rate, generating rents from $420 to $990 per month.

VAN NUYS, CA-The bakery doubles its headquarters and production space by buying out the option held by its neighbor, Munchkin, in a 130,000-sf building at the Lewis Business Center. La Brea then pens a 10-year lease for the entire structure.

BEVERLY HILLS, CA-The site, which has entitlements for a 133-room hotel, will be sold Aug. 5 at US Bankruptcy Court. The 40,732-sf parcel is carrying a minimum bid of $9.6 million or $236 per sf.

LOS ANGELES-The office vacancy rates in local markets "appear to have stabilized," according to Cushman & Wakefield's newest report. Overall vacancy is 17.9% versus 18.1% from three months ago. Equally good news is rent rose by 84 cents per sf.

ANAHEIM, CA-The 281.5-million-sf inventory remains about 9.28% vacant, nearly identical to the first quarter. The triple-net lease rate of 52 cents per sf remained flat in the quarter-to-quarter analysis and down 15% from midyear 2002.

SANTA FE SPRINGS, CA-Angels Hair Inc., a distributor of hair products including wigs, moves into 38,880 sf of industrial space, with a mezzanine office component, in a relocation from within Santa Fe Springs.

SANTA ANA, CA-The warehousing firm inks a direct deal after subleasing its corporate headquarters and main operations hub for four years. The new deal, which kicks in Dec. 1, has a five-year term for the 129,000-sf building at 3731 W. Warner Ave.

PALM SPRINGS, CA-The lender that foreclosed turns over the 166-room resort to Marcus & Millichap hospitality specialists to find a buyer for the leasehold interest in Downtown Palm Springs.