ANAHEIM, CA-The 20,232-sf, freestanding facility was constructed in 1972. The City of Anaheim has not revealed its plans for the development. Elsewhere in the county, a $7.3-million, 50,000-sf retail development is underway.

GARDEN GROVE, CA-The 245-unit property was 97.5% occupied at the time of sale. Although the county's multifamily market continues to hold its own, there have been some signs recently that it may be starting to weaken.

NEWPORT BEACH, CA-Pacific Gulf Properties Inc. has completed its merger with FountainGlen Properties LLC. The news comes nearly a year after Pacific Gulf shareholders vote to liquidate the Newport Beach-based REIT.

NEWPORT BEACH, CA-The project, known as Newport Ridge Retail Center, will rise on a 10.82-acre parcel in Newport Beach. It is slated for completion in February 2002.

LOS ANGELES-The center, known as Desert Gateway Shopping Center, will rise in Palm Springs. Featuring a desert theme and upscale motif, it will be anchored by a 148,759-sf Wal-Mart and a 153,000-sf Sam's Club.

LAKE FOREST, CA-The company has signed a lease for a 21,315-sf industrial building in Lake Forest. It is the latest in a string of Orange County transactions involving mid-sized and smaller industrial properties. Earlier this week, three Orange County industrial properties changed hands for a combined $2.3 million, as reported by Globest.com.

LOS ANGELES-According to a recent report by NAI Capital Commercial, rents are climbing in the Los Angeles Basin's office sector, even as vacancy rates continue to rise. The average rental rate for class A space is currently $2.27 per sf compared to $2.16 at year-end 2000.

LOS ANGELES-Known as Pacific Palms Conference Resort, the newly renovated property of Majoestic Realty is being touted as the only first class business-resort facility within 30 minutes of five Los Angeles area airports.