LOS ANGELES, CA-The REIT, Southern California's largest landlord, also announces lower revenue for the third quarter and reports on its stock repurchase program. The company's stock is trading about $8 below its 52-week high.

RANCHO MIRAGE, CA-Developer J.H. Snyder Co. obtains $41-million construction take-out loan for the recently completed, 240,000-sf retail and entertainment center. The lender was Sonnenblick-Eichner Co.

ORANGE COUNTY, CA-Despite a dip in average asking rents and continuing high vacancy, the county's office market showed net absorption in the quarter and benefits from a better employment picture than much of the region.

NORWALK, CA-The Dallas-based operator of convenience stores signs a $3-million land lease here for a new 3,000-sf store and has brokers searching for 10 new locations in Los Angeles and Orange counties.

RANCHO MIRAGE, CA-Developer J.H. Snyder Co. obtains $41-million construction take-out loan for the recently completed, 240,000-sf retail and entertainment center. The lender was Sonnenblick-Eichner Co.

PASADENA, CA-Construction is under way on Pasadena Gateway Villas, a 140-unit, two-building development of the Operating Engineers Pension Trust. The project is expected to be completed and ready for occupancy in February next year.

TORRANCE, CA-First Industrial Realty and the Carlyle Group's 635,532-sf industrial portfolio of five business parks sells in five separate transactions to private and institutional buyers.

ORANGE COUNTY, CA-The sale of a 110,650-sf center in Mission Viejo and a 78,784-sf property in Huntington Beach signal renewed investor interest in retail properties. The sellers received multiple offers on both properties, which were approximately 98% occupied at the time of sale.