OXNARD, CA-Pacific Prime Properties buys its third property in 10 months, taking title to a facility occupied for 25 years by Ransco Industries in a $5-million deal for an asset with 700 feet of boulevard frontage.

ATLANTA-Newly named Post Properties Inc. director Barry Teague joins chairman Robert C. Goddard III and president/CEO David P. Stockert in a meeting with New York analysts. The ongoing battle for control of the company will be resolved at the May 22 shareholders meeting.

LAGUNA BEACH, CA-Private investors acquire the Parc Monaco office building on Pacific Coast Highway, which one broker describes as "nearly irreplaceable." The check buys a two-story building with ocean views.

MIAMI-Total industrial leasing activity was 451,000 sf, and sales activity increased to 577,000 sf from 225,000 sf at the end of last year. The overall vacancy rate increased from 6.3% to 7.1% from fourth quarter 2002 to the first quarter, however.