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CYPRESS, CA-The real estate investment firm, advised by The Koll Co., acquires the four-building Cypress Corporate Park industrial complex from Newport Beach-based Ewing Development Co. for $15.4 million.
TUSTIN, CA-Oncotech, a specialist in cancer testing products, signs a 10-year lease for additional space at the firm's facilities on Red Hill Avenue. I t now leases the entire 44,123 sf in the building.
TORRANCE, CA-The $23.45 million sale of the 152-unit Pacific Park is a per-unit record of $154,276 for Torrance. The new owner plans more upgrades to the property, located at 20707 Anza Ave., which was about 92% occupied at the time of sale.
SANTA ANA, CA-The 18-year-old complex is in the Civic Center district here, close to jobs. Pacific Development Partners acquires it from the original owner in an off-market deal.
PASADENA, CA-Developers Diversified Realty closes on the previously announced acquisition of the 560,000-sf Paseo Colorado Shopping Center, an acquisition from Trizec Properties.
SANTA MONICA, CA-The shopping center REIT, an owner of regional malls, sells properties in Ventura, Calif. and Phoenix, Ariz. as part of its strategy of divesting non-core assets.