IRVINE, CA-Located at 19762 MacArthur Blvd., the 37,738-sf multi-tenant office was 63% leased at close of escrow. CIP specializes in the acquisition, redevelopment, repositioning and management of industrial and business parks.

ANAHEIM, CA-A joint venture between Security Properties and Principal Capital acquires the luxury apartment property that stands at 650 W. Broadway Blvd. The 14-year-old building, which was renovated in 2000, was 97% occupied at the time of sale.

SANTA ANA, CA-Chung and Co. LLC acquires the two office facilities, which are part of the 24-building, 400,676-sf Brookhollow Office Park. Located at 1560 and 1570 Brookhollow, the facilities encompass a total of 76,101 sf.

FULLERTON, CA-Private investor Richard Bracamonte snatches up an industrial facility at 1400 Manhattan Ave. The warehouse houses the West Coast plant and manufacturing operations for North American Enclosures, a manufacturer and distributor of picture frames.

RANCHO CUCAMONGA, CA-Empire Commercial Real Estate receives unanimous approval from the Rancho Cucamonga planning commission to build a $40-million multifamily development. It is the first multifamily project planned by Empire Commercial, which plans to break ground on the development later this year.

SANTA ANA, CA-The Fortune 500 company reports that revenues have jumped 18% from one year ago, rising from $928 million for the second quarter of 2001 to $1.09 billion for this year's second quarter.

IRVINE, CA-Howard Building Corp. completes the conversion, which involved turning a 33-year-old building into a modern optics manufacturing lab facility. Tenant improvements include 4,000 sf of office space and 39,000 sf of optics manufacturing space.

ANAHEIM, CA-Metal Powder Products Co. unloads the 45,250-sf building in a sale-leaseback deal. Built in 1971, the facility stands on a 121,968-sf parcel at 5500 E. La Palma Ave.