IRVINE, CA-The $47-million Irvine Crossings’ deal illustrates investors seeking value-add opportunities in an area where they aren’t the easiest to find, says a source.

ROSEVILLE, CA-The Northern Nevada and Northern California investor is attracted to the location and high occupancy of Stone Point Plaza, in this week’s wrap up of west coast commercial real estate sales.

LAS VEGAS-The increase is attributed to strong demand coupled with a decreasing supply; and new president Kolleen Kelley is urging GLVAR’s 11,500 members to make at least one extra purchase a month to help boost the local economy.

NEWPORT BEACH, CA-The firm that serves as the co-sponsor of Griffin-American Healthcare REIT II hires several division heads and other key executives here.

EL SEGUNDO, CA-Jeff Schwaber, appointed as president, comes from Behringer Harvard, where he built and managed a non-traded REIT sales organization that raised more than $5.5 billion since 2003.

BOTHELL, WA-Canyon Park Place has a highly performing grocer and drug store, and has maintained a solid track record of high occupancy and stability through this recent market downturn, says a source.

NEWPORT BEACH, CA-On the heels of a $385-million loan portfolio venture with the FDIC, the firm reveals another $204-million buy of performing and non-performing loans, and says it is ‘bidding on others.’

LOS ANGELES-GlobeSt.com learns that the firm’s second acquisition in California in the past three months, 12-story 617 W. Seventh St. here, went for approximately $39 million.