FOOTHILL RANCH, CA-Although the clothing retailer will close 27 locations over the current fiscal year, it also plans to open around 50 Wet Seal stores, 15 to 20 Arden B. stores and 10 to 15 Zutopia stores.

CORONA, CA-Marcus & Millichap Capital Corp. arranges the acquisition loan, which has an adjustable interest rate of 6.3% based on the 11th District Cost of Funds index, with a 2.95% margin. The amortization/term is 30/30.

GARDEN GROVE, CA-The deal results in a stabilized second year cap rate in excess of 9% for the buyer, Irvine-based Granite Investment Group. The 99-unit complex was 95% occupied at the time of sale.

ANAHEIM, CA-Private investors grab the multifamily property, which is located at 1224 W. Center St. The buyers, Dilip and Bharat Patel of Cerritos, have paid $830,000 for the multifamily property.

NEWPORT BEACH, CA-Two institutional investors acquire the stocks. The transactions result in net proceeds of approximately $34.6 million for the Newport Beach-based REIT.

TUSTIN, CA-The agreement will allow the city to redevelop the 1,600-acre former Marine Corps Air Station. The city plans to build properties here that will be suited for residential, business and recreational purposes.

SANTA ANA, CA-The provider of production and workflow software systems to the title and real estate industries reports revenues of $118 million for 2001. The figure reflects a 63% increase from the prior year period, when revenues stood at $72.1 million.

TUSTIN, CA-The lender will take 6,663 sf at a three-building office complex here. The three-year lease is valued at $500,000.