LA MIRADA, CA-The 18,405-sf center along Valley View Avenue holds potential for rent increases, says the Sperry Van Ness agent who brokered the sale for an investor who's owned it for 33 years.

BRAZORIA COUNTY, TX-The final tract in a 40,000-acre listing goes to a Houston couple, who are making plans to use the 9,730 acres for recreational and commercial purposes. IP Farms is the seller of the Chocolate Bay land.

HOUSTON-Alan Patton of the Morgan Group is elected to the 326-member National Multi Housing Council. He joins the firm's CEO and principal, Michael Morgan, and 14 others from Houston on the board.

SAN DIEGO-The diversification of ownership from three to 22 shareholders is part of a move to increase collaboration at all levels of the company, which Burnham officials say is a core element of the firm's culture.