ANAHEIM, CA-First American Exchange of Anaheim acquires the land after selling two industrial buildings in Brea and its homeport. The new deed is for excess land adjacent to Neville Chemical Co.'s Anaheim manufacturing plant.

COVINA, CA-David Lacy, who most recently headed the senior housing unit at Ramsey-Shilling, will head Senior Realty Advisors Inc. For the last two years, the firm's integrated with Ramsey-Shilling.

SACRAMENTO, CA-The pension fund's Board conditionally approves the investment into CIM California Urban Real Estate Fund LP. Most of the funds will be spent in California cities, but up to 40% of the money will be spent in cities outside the state.

EAST ORANGE, NJ-A Miami, FL-based developer is negotiating to buy the 2.1-acre site from the city for a reported $500,000, with plans to break ground by the end of the year.