ANAHEIM, CA-Cort, a national furniture rental and business services firm, signs for seven years and $1.4 million in rent over the term for an industrial building along Anaheim Boulevard. The keys turn within 60 days.

LOS ANGELES-With the closing of its $200M fund due soon, Legg Mason Real Estate Investors plans a new value fund that targets assets in secondary and suburban markets. The fund will be offered in the summer and fall.

LOS ANGELES-Elite Business Centers moves into the heart of the Downtown in a 32,000-sf signing that represents one of the largest leases inked lately in the CBD. The $7-million deal is an eight-year, four-month commitment.

SANTA ANA, CA-Buyers from Northern California and Santa Fe Springs acquire properties in Santa Ana and Brea, one as an investor and one as an owner-user. One gets a 106,000-sf building and the other buys a 32,022-sf structure.

LONG BEACH, CA-An Orange County buyer acquires the Villa Del Sol apartments from a Long Beach-based trust. Built in 1988, the 3225 Long Beach Blvd. property brings in monthly rents ranging from $700 to $1,095.

FONTANA, CA-The cereal maker will move from the City of Industry to the new facility following completion of construction in 2004. Sources say the five-year lease carries a value of $7 million to $7.5 million.

LOS ANGELES-An investment group that includes the former basketball star will close next week on the Transamerica complex in Downtown LA. The team will spend $100 million to buy the property and another $50 million to redevelop it.

COSTA MESA, CA-The buyer and the seller are both local, as is often the case with industrial deals in the region. The 19,271-sf multi-tenant building sits on 1.4 acres along North Harbor Boulevard.