PANORAMA CITY, CA-D&D Partners of Los Angeles acquires the 80-unit Palmcrest complex for just under $4.8 million and plans to spend $2,500 per unit in upgrades. The property was 100% occupied at the time of the transaction.

NEWPORT BEACH, CA-A private investor buys the 19-unit property and plans extensive renovations, according to CB Richard Ellis brokers who represented the buyer. The deal closed in 30 days.

ORANGE, CA-A private investor acquires the 24,443-sf building, 10,000 sf of which is occupied by the accounting firm, in another deal that shows former apartment owners are looking for other types of investments.

TEMECULA, CA-The $7.5 million acquisition of 106,000 sf in the city's original industrial area closes in eight days to meet a requirement of the seller to close quickly. One of the buildings was constructed in 1975 and the other in 1996.

ORANGE, CA-Landmark Equity Partners acquires the 20-unit property for $1.45 million in a 10-31 exchange that was contingent upon the brokers finding an upleg for the seller.

PACOIMA, CA-MOC Products Co., a manufacturer of cleaners, lubricants and tools for the auto industry, buys two industrial buildings totaling 72,000-sf for $4 million and occupies the larger of the two facilities, a 56,000-sf building on 2.5 acres of land at 12300 Montague St.

SANTA FE SPRINGS, CA-Proficiency Capital acquires the 22 acres from Wald Realty Advisors and BreitBurn Land. The buyer plans to build industrial space on former oil and gas fields that Wald and BreitBurn remediated and entitled for 400,000 sf of new construction.

LOS ANGELES, CA-The groundbreaking for a $22 million technology center, slated for today (Monday, Dec. 2) at East Los Angeles College, is the first step in a $200 million building program.