TORRANCE, CA-The Newport Beach, Calif.-based fund acquires Normandie Business Center, a 49,000-sf multi-tenant park, from a joint venture between First Industrial Realty Trust and the Carlyle Group.

FULLERTON, CA-The individual pays $1.9 million for the 26-unit, two-story property and plans up to $200,000 in upgrades that will lead to increased rents. The seller had owned the property for several years.

LONG BEACH, CA-Two of the 16 units were vacant at the time of the sale

BRENTWOOD, CA-A private investor acquires the 55,000-sf property, which Lowe had owned since May 2000. The value of the deal was not disclosed, but sources estimate the buyer paid $14 million.

GARDEN GROVE, CA-Eagle Real Estate Group buys the 402-unit Bayport Apartments using tax-exempt financing that requires it to make 20% of the units available affordable to people with very low-incomes. Eagle also plans to invest $5 million improving the property.

IRVINE, CA-The Northern California firm opens an office in Irvine and names a former Grubb & Ellis senior VP as CEO there. Orton's portfolio and projects include mixed-use rehabilitation, redevelopment, and management of more than 45 projects totaling in excess of 6 million sf.

HOLLYWOOD, CA-The $51-million Hollywest Promenade is the first supermarket-anchored shopping center to be developed in Hollywood in more than 20 years. The center is across the street from the Western Avenue Metrorail station.

FONTANA, CA-AVH Associates buys the land at the northeast corner of Slover and Elm avenues from private owners and plans to operate an auto auction there.