SANTA CLARITA, CA-The home improvement chain pays $3 million for the development site, but it has yet to say when it will build. Billed as one of the fastest growing areas in SoCal, retail developers are locking in sites and holding.

UNIVERSAL CITY, CA-CarrAmerica and Beacon Capital team on the purchase of the 774,720-sf office tower from France's Vivendi Universal. The seller and its subsidiaries, which occupy 50% of the building, intend to stay, sources say.

SAN FRANCISCO-Equity Office Properties Trust marks the completion of

ROLLING HILLS ESTATES, CA-A buyer from Van Nuys acquires the combination office and retail property from a West Los Angeles-based seller. The 39,222-sf, three-building center is 63% leased.

ANAHEIM, CA-The company will use an award-winning prototype design as the remodeling plan for the locations. Designed by LA-based Rothenberg Sawasy Architects, the design copped a Gold Nugget at a prominent industry gathering in San Francisco.

SANTA ANA, CA-The publicly held business park operator acquires the Orange County Business Center from a locally based investment partnership. The five-building development was 73% occupied, with more leases coming due before the year ends.

RANCHO CUCAMONGA, CA-A private investor from San Jose, with 1031 Exchange money from a multifamily sale, buys a 6,508-sf plaza from a Woodland Hills seller in one of the highest prices per sf paid for a strip center.

CYPRESS, CA-An Indiana investor acquires the headquarters of RevCare, a medical billing firm, for about $5.8 million in a sale-leaseback mortared by a 12-year contract for the entire building. RevCare has owned the property since 1988.