THOUSAND OAKS, CA-Countrywide Credit Industries of Calabasas, Calif. acquires the 157,000-sf building on West Hillcrest Drive to house the offices of its Countrywide Bank operation. The building was completed in 1983.

SANTA ANA, CA-Furnishing One Outlet signs a five-year, $2.3 million lease for 108,000 sf at Sears Distribution Center, a 316,751-sf building owned and otherwise occupied by the department store chain.

NEWPORT BEACH, CA-Health Care Property Investors Inc. closes the $112.75 million secured loan and announces new investments totaling $18 million. The deals are part of a previously announced transaction with American Retirement Corp.

HOLLYWOOD, CA-Investment group SWI LLC buys a 14,000-sf retail and office building on Highland Avenue from Highland Partners. The property is leased long term to a longstanding paint store chain.

LOS ANGELES, CA-Nossaman Guthner Knox & Elliott signs a new lease for 37,313-sf that is an extension and expansion of its premises on the 30th and 31st floor of the Union Bank building at 445 S. Figueroa St.

ANAHEIM, CA-Rreef of San Francisco sells four buildings at Orangewood Stadium Business Park, the last of 21 buildings sold at the development. Rreef has been selling individual buildings to users and investors as the existing tenant leases expired.

CORONA, CA-A dairy farmer buys the 54-acre parcel from the Church of Jesus Christ of Latter-Day Saints and expects to develop it some day as industrial property. The area is zoned agricultural but the county's general plan has it slated for a pocket of industrial development.

CULVER CITY, CA-An industrial building converted to office space commands $150 per sf, the highest price per sf paid for an industrial conversion. The previous high for that type of building was about $135 per sf.