SAN BERNARDINO COUNTY, CA-Watson Land Co. pays $7.3 million for the fully entitled site. The transaction marks the developer's first major land acquisition outside of the South Bay.

SANTA ANA, CA-The government agency inks a $7.2-million agreement to occupy the fifth floor of a high-rise building in Santa Ana. It will take 21,441 sf in the facility, which is located at 1851 E. First St. here.

CHINO, CA-A Thousand Oaks-based investment group acquires the property, known as Hayward Industrial Park. The five-building complex encompasses 266,000 sf.

BUENA PARK, CA-The subsidiary of Charter Municipal Mortgage Acceptance Co. funds the loan for a 56-unit complex in Buena Park. The financing has debt service coverage of 1.30x and a loan to value of 68%.

LAS VEGAS, NV-Unionized workers at the Golden Gate Hotel & Casino in Downtown Las Vegas have gone on strike as of 6 p.m. yesterday, due to the inability to reach a contract agreement with the casino owner. It is the only casino that has not yet reached tentative agreements with the Culinary Workers Union Local 226 and Bartenders' and Beverage Dispensers' Union Local 165.

SOUTH ORANGE COUNTY, CA-The vacancy rate declined nearly 1% in May, while net absorption more than tripled, according to a recent report on the region. In addition, the average asking lease rate increased for the first time this year.

SANTA ANA, CA-North American ATK renews its lease at 3210 Croddy Way for an additional five years. Built in 1977, the single-story facility features four ground-level loading doors, an 18-ft clear height and 400 amps of power.

LAKE FOREST, CA-Costa Mesa-based Armstrong-Butcher Properties LLC acquires the 12-acre site. It plans to build 29 industrial facilities on the property, ranging in size from 4,000 sf to 20,000 sf.