LONG BEACH, CA-An individual investor buys the two-building, 42-unit complex, in a court-ordered sale as part of a partnership dissolution. The complex was built in 1963, and includes six two-bedroom units and 35 one-bedroom units.

RIVERSIDE, CA-The purchase is the fourth apartment acquisition in Southern California in the last year for the New York-based investment company. Terms of the transaction were undisclosed, but Lend Lease is believed to have paid slightly more than $22 million, or approximately $73,000 per unit for Glenbrook Apartments.

VALENCIA, CA-Land sales were the major contributor to large jumps in revenue and income for the third quarter at Newhall Land and Farming Co.; demand for industrial land remains low.

PICO RIVERA, CA-Total Warehousing leases the space at Robertson Properties Group's new Pacific Gateway Business Park in a seven-year, $5.9 million deal. The Pico Rivera facility is an expansion for the company, which is based in Phoenix.

LOS ANGELES, CA-In a step toward building its industrial brokerage capabilities, the company names Colliers Seeley veteran Scott Heaton as co-leader of its industrial team. Heaton is the latest in a series of moves by brokers and brokerage executives in Southern California.

IRVINE, CA-The acquisition loan includes funds for minor improvements and leasing costs for 28,000 sf of empty space in the 74,000-sf, circa 1980s building on Von Karman Avenue.

NEWPORT BEACH, CA-Health Care Property Investors closed on a $490 million revolving line of credit with 14 lenders, increasing its credit line by nearly $100 million, to aid in acquisitions.

MONTEBELLO, CA-A partnership of Revere Investments buys the 52-unit Greenwood Courtyard for $66,000 per unit for its location and the upside potential from raising rents that are currently under market.