NEWPORT BEACH, CA-The board of Health Care Property Investors elects James F. Flaherty III as president and CEO. He replaces Kenneth B. Roath, who remains board chairman in a succession plan adopted last year.

SHERMAN OAKS, CA-The buyer's plan is to raise a Marriott flag on the 180-room Radisson Valley Center Hotel, which already has flown banners from three leading chains since it opened in 1964. Ventura Orion Motor Lodge the seller was also the developer.

CHINO, CA-Elite Leather Co. stamps the agreement with Turner Development Corp. of Newport Beach to get the ground crew moving on a considerably larger manufacturing and headquarters location. The furniture maker gets the keys in June 2004.

PICO RIVERA, CA-A private investor buys the Courtyard Apartments at $82,801 per unit in a transaction with a 6.9% cap rate. Sold by Irvine's Bascom Group, the holding was 88% occupied at sale time.

HOLLYWOOD, CA-Sares-Regis Group gets the deed to 99 units in the heart of Hollywood from a Los Angeles seller who owned it for the last 16 years. The new owner is planning to invest another $750,000-plus into upgrades.

LAGUNA HILLS, CA-The firm of A-Mehr Inc. pays $180 per sf for the Mill Creek Drive address in Laguna Hills with 1031 Exchange money. The firm will be moving at the end of the month from a 1,400-sf office building in Orange.

LAKEWOOD, CA-PS Business Parks, a Glendale REIT, sells the 52,828-sf property to a private investor from Newport Beach. The seller's regional leasing office anchors the 90%-occupied office building.

INLAND EMPIRE, CA-The Los Angeles-based Arden Realty sells the four-building portfolio of nearly 344,000 sf of class A office space to a private investor based in Northern California. The properties' occupancies range from 93% to 98%.