FULLERTON, CA-Irvine, Calif.-based CIP Real Estate sells the 162,000-sf distribution and industrial project to a private investor, the latest in a series of CIP deals designed to diversify its portfolio.

MOORPARK, CA-In the latest in a series of deals converting theaters to other uses, Moorpark Club Partners LLC signs a $4.6 million lease and will convert a former Regal movie theater into a health club.

LOS ANGELES, CA-The $4 million renovation project at the former Wyndham property is nearing completion. The hotel is in a building that dates back to the 1920s and is designated as a historic site.

ANAHEIM, CA-The Air Conditioning and Refrigeration Industry Pension Fund acquires a 37,263-sf office building from Newport Federal for $5.8 million. The building, developed in 1985, will house a trade school.

CARSON, CA-The two companies sign a seven year, $4 million lease at Watson Land Co.'s Watson Industrial Center South, where Bristol will relocate its headquarters and the companies will employ 200 workers.

RANCHO MIRAGE, CA-Starwood Hotels & Resorts Worldwide Inc. opens a new property called the Westin Mission Hills Resort & Villas next to the existing Westin Mission Hills Resort.

LOS ANGELES, CA-The 121,000-sf transaction is the largest law firm lease in L.A. County this year, according to Insignia/ESG, which represented tenant Quinn Emanuel Urquhart Oliver & Hedges in the 10-year, $15 million deal.

WOODLAND HILLS, CA-Wyndham International Inc. of Dallas sells the 463-room hotel to Warner Center Hotel Partners IV, a newly formed entity created by Westbrook Real Estate Fund IV. The hotel last sold in December 1995 for $50.85 million.