IRVINE, CA-The new building will serve as the headquarters for Pacific Life & Annuity's Group Insurance Division for Southern California operations. Approximately 450 employees from the company's Fountain Valley and Huntington Beach offices will move to the new site in 2002.

NEWPORT BEACH, CA-A subsidiary of the locally based real estate developer and investor, Capital Pacific Holdings Inc., has completed the unsecured loan facility with four major banks. The loan proceeds will be utilized for the repayment of existing secured bank debt and other general working capital purposes, Capital Pacific says.

WESTMINSTER, CA-Pyramid Logistics had been leasing the building since February. Located in the Westminster Business Center, it encompasses 56,679 sf. It is one of three freestanding distribution buildings that comprise the center.

TORRANCE, CA-The company, Golden Star LLC, has paid $2 million for a vacant parcel in Torrance. It plans to build a 20,000-sf retail center on the site. The complex will feature a Mediterranean design and will include 12 retail stores.

TUSTIN, CA-The financing for the two medical buildings was arranged by NorghMarq Capital Inc. and provided through Deutsche Bank. The facilities, which total 66,000 sf, are 95% occupied.

LAGUNA WOODS, CA-The nonprofit corporation, Golden Rain Foundation of Laguna Hills, has signed a 10-year lease to occupy 41,000 sf in the 12-acre Town Centre complex here.

IRVINE, CA-Locally based CIP Real Estate, along with a joint venture partner, has snatched up the Milliken Business Center. The 12-building complex encompasses 157,701 sf.

IRVINE, CA-The congregation has purchased a 25,026-sf research and development building in the Irvine Spectrum and plans to occupy it within the next several months.