LOS ANGELES-While the total gain of 6,600 jobs in California is relatively weak, says Beacon Economics, the number is being affected, in large part, by only one sector: professional and business services.

SAN JUAN CAPISTRANO, CA-The 200-unit Rancho Las Brisas Apartments, which was purchased for $29 million in 2006, sells to Foundation for Affordable Housing for $99,500 per unit.

ENCINO, CA-A recent report issued by Marcus & Millichap predicts the apartment market to continue its marathon-like recovery with a 4.8% increase in effective rent growth forecasted by the end of 2012.

NEWPORT BEACH, CA-‘Fundamentals are place that create the setting for the increase we are seeing in the stock market,’ says keynote speaker Christopher Thornberg of Beacon Economics.

SAN DIEGO-The sellers of Monarch at Shadowridge field dozens of offers from both institutional and local investors in an area where ‘multifamily is one of the stars.’

IRVINE, CA-Locally based Bascom Group and New York City-based Spirit Investment Partners will target acquisitions of 5,000 units during the next few years in the East.

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.