LAKE FOREST, CA-A property casualty firm acquires the building, which it plans to occupy. Built in 2000, the low-rise facility encompasses 9,126 sf.

ORANGE COUNTY, CA-CB's Anaheim-based Focus Retail Group will represent Simmons Mattress Gallery as the retailer scouts for new locations in Orange County. Simmons is looking for sites ranging from 3,500 sf to 4,500 sf.

LAKE FOREST, CA-An electronic component distributor acquires the 37,520-sf Lake Forest facility and plans to open a new branch here. Encompassing 37,520 sf, the building stands at 20662 Prism Place in the Dimension Business Park.

IRVINE, CA-The fund, which has $60 million in discretionary capital, specializes in mezzanine financing for multifamily properties statewide. It is part of the CalPERS California Urban Real Estate Initiatives Investment Program.

COSTA MESA, CA-The Costa Mesa-based developer is overseeing the renovation of Peninsula Shopping Center. Donahue Schriber manages the retail complex, which is located in Rolling Hills Estate.

GARDEN GROVE, CA-Buchanan Street Partners has arranged the permanent financing, which yields the borrowing entity a 7.5%, 10-year fixed rate. The news comes on the heels of a record year for Buchanan Street, as the Newport Beach-based real estate investment bank recently announced an increase of 98% in its 2001 performance.

IRVINE, CA-The locally based developer has commenced construction of a 535-unit luxury apartment complex here. The project is rising on Carlson Avenue at Campus Drive.

IRVINE SPECTRUM, CA-A nonprofit organization grabs the 5,280-sf property in a deal valued at $1.1 million. The transaction comes as the South County office market is experiencing an increase in vacancy.