PALM DESERT, CA-The 220-unit Palm Lake Village Apartment complex is surrounded by luxury housing and a gated golf course. The deal's sole broker says the asset, with monthly rents ranging from $670 to $1,160, closed at a 7.2% cap rate

ONTARIO, CA-The Inland Empire apartment market remains among the healthiest in the nation despite an increase in vacancies in the two-county region, according to a new report. The average sales price spiked 20% in the past year.

WEST COVINA, CA-A private investor from Covina buys the 26,000-sf Hollenbeck Office Building, which occupies a spot with visibility along the 10 Freeway. The 94%-occupied structure has 28 tenants on its directory.

ORANGE COUNTY, CA-Plastics firm WDI Industries buys the 8,025-sf Irvine property while a private trust buys a 7,127-sf San Clemente industrial building. One building is empty and the other's leased for the long term.

SANTA FE SPRINGS, CA-CalTop Cooperative Inc. takes the space for its logistics operations in a move from a smaller building it owned in Montebello. The 57-month sublease carries a price tag of about $1.2 million.

WEST LOS ANGELES-Stonebridge Holdings Inc. will build 750,000 sf of medical facilities on 12 acres at West Olympic Boulevard and South Bundy Drive. Talks are under way with prospects for the entire 400,000-sf first phase.

IRVINE, CA-The Newport Beach developer buys the nine-building Alton Business Center for conversion into 24 condominiums. The "for sale" units, ranging from 3,780 sf to 10,240 sf, will be offered to existing tenants before going on the market.

DIAMOND BAR, CA-Asset Management, which specializes in tenant-in-common transactions, acquires the 19-year-old building from a Japanese seller. The multi-tenant building is 97% occupied.