ORANGEBURG-In front of about 100 local and international dignitaries here, Olympus Industrial America Inc. opened its new 60,000-sf building that will serve as the firm's North American headquarters facility.

CYPRESS, CA-Makar Properties of Newport Beach gets the Cypress Crossroads Building from Teachers Insurance. The exits of Sony and PacifiCare open the door to "significant upside opportunity," says the buyer.

REDWOOD CITY, CA-Sequoia Hospital officials have decided to build a new hospital in a different location on the Peninsula, rather than seismically retrofit the current structure or build a new hospital on the present campus.

LOS ANGELES-Apartment rents in the Los Angeles region will rise 8% to 15% through Q3 2004 despite a weak economy that has depressed rents throughout much of the nation, a USC Lusk Center forecast says.