LOS ANGELES-The Great American Insurance Co. has sold a 24-acre industrial property in Camarillo. The buyer plans to further develop the property by expanding a 113,000-sf building that currently stands on the parcel.

NEWPORT BEACH, CA-Nike Inc. will open up two women's only stores within the year. The first shop is slated for Newport Beach's Fashion Island. The second will be located in Los Angeles' The Grove at Farmer's Market.

LOS ANGELES-The 36,000-sf flex-tech space will be home this fall to Laundry By Shelli Segal, a designer of women's wear. The space will house Laundry's corporate headquarters.

LOS ANGELES-L.J. Melody & Co. arranged financing for the 95% occupied, 93,800-sf office building. The State of California is one of the major tenants in the facility.

ANAHEIM, CA-Riding a high in multifamily investment activity nationwide, the 22-unit Wakefield Apartments here changed hands recently for $1.4 million. The buyer was Newport Beach-based Anna LLC.

MISSION VIEJO, CA-A 20,952-sf auto service center in Mission Viejo has been purchased for $168 per sf. It is the second auto repair complex to be sold this week.

LAKE FOREST-The 14,425-sf, multi-tenant Bake Parkway Auto Service Center has been sold to a family trust. The property is located in Lake Forest's Pacific Commerce Center. The seller is Barrett Heritage.

LOS ANGELES-The locally based firm has unveiled a five-point reinvestment program that will provide funding for additional acquisitions, expansion into new growth markets and the hiring of new talent.