SANTA MONICA, CA-Holthouse Carlin & Van Trigt subleases 18,822 sf at the Water Garden II office project. The space formerly was occupied by securities dealer Sutro & Co. The Water Garden II office campus is a 600,000-sf project in two buildings, one comprising 325,000 sf in six stories and the other comprising 275,000 sf in five stories.

COSTA MESA, CA-The sales price is among the highest per unit for comparable complexes in Orange County. The property attracted multiple offers, including a backup offer at the same price.

ANAHEIM, CA-Ming International seeks a quick sale of its 19,995-sf center, which a private investor closes on within 30 days, according to Sperry Van Ness. At the time of the sale, Cabrillo Plaza was 62% leased to a dry cleaner and a number of other small businesses providing local neighborhood services.

TORRANCE, CA-The owner of the 10-year-old Torrance Crossroads obtains a long-term acquisition loan for the 148,597-sf grocery-anchored center, which averages 98% occupancy. The center was built in 1992 and is anchored by Vons Supermarket, Office Depot, Party City and Blockbuster.

LOS ANGELES, CA-The new company, called Enhanced Affordable Development Co., will focus on developing senior housing to meet what they describe as "tremendous demand." The two founders are David Rubin, a Beverly Hills-based investment adviser and Marc Gelman, a Los Angeles developer.

LOS ANGELES, CA-Rents for the top Class A space will slide by about 2% this year in Los Angeles, according to a new Grubb & Ellis survey, which ranks L.A. eighth most expensive among U.S. cities for cost of office space.

LOS ANGELES, CA-The 47,000-sf grocery store is 100% leased to the Ralphs supermarket chain. It was developed by the J.H. Snyder Co., builder of a number of Miracle Mile projects.

NEWPORT BEACH, CA-Michael Kendall has left his position as vice president of development and regional partner for Koll Development Co. to join Turner Development Corp. in Newport Beach.