SAN DIEGO-San Diego slips one notch to number three on the National Apartment Index published by Marcus & Millichap Real Estate Investment Brokerage Co., due to weakening in the county's luxury multifamily sector.

SANTA MONICA, CA-The Northern California buyer secures the mortgage for the $8-million purchase of the 28-unit Teriton apartment complex. The Corrigan family of Santa Monica is the seller.

CRANFORD, NJ-While some other companies had been considered the "best bet" to be the next REIT added to the prestigious mid-size company index, the developer/owner's finances apparently continue to impress.

REDWOOD CITY, CA-Check Point Software inks a sublease for a 48,384-sf building here from Oracle Corp., which master leases the building from Peery/Arrillaga, a major property owner in the region.