BUENA PARK, CA-With the first phase of 1.4 million sf filled, Overton Moore begins working on 432,000 sf of "for sale" or "for lease" industrial product for delivery late this year. A $19.7-million loan facilitates the launch.

IRVINE, CA-A family partnership buys the empty industrial property in the Irvine Spectrum, with plans to renovate and market it for lease in a $3.6-million closing with Emil Eberle Properties of Newport Beach.

PASADENA, CA-The managed care provider has cleared a five-year lease for 17,000 sf in Koll Center Pasadena, planning a midyear relocation from a small office building it just sold along Arroyo Parkway.

CITY OF INDUSTRY, CA-The investment and development firm, which targets class B and C industrial properties, will rehab a 100,000-sf project along Valley Boulevard. The $1-million renovation will set the stage for higher rents.

DIAMOND BAR, CA-The Tustin-based company buys the 103,000-sf retail and office project in a joint venture with a private investment fund based in New York City. The 26-year-old center is now in line for a makeover.

LOS ANGELES-The number of sales declines by more than 20%, but the dollar volume of transactions rises by more than 67%, according to a new hotel industry report from Atlas Hospitality.

IRVINE, CA-O'Donnell/Atkins is settling into ground-floor space at 18201 Von Karman Ave. in Koll Center Irvine, marking the firm's second expansion in two months. The move adds about 1,000 sf to the headquarters office area.

ONTARIO, CA-The Irvine-based development and investment company buys the 747,445-sf distribution center and some abutting raw land in the heart of Southern California's main distribution corridor.