LOS ANGELES-The Hollywood-based CIM Group will team with the Lee Group of Marina del Rey to retool the former UCLA Extension building, bought for $4.5 million. A second building will rise on a lot now being used as a parking lot.

TAUNTON, MA-In a deal that demonstrates the continued strength of the area's industrial market, SunLife purchases an 86,400-sf building in the Myles Standish Industrial Park from Midas Corp. for $3.25 million. The Itasca, IL-based company has leased back the facility as part of the deal.

MANASSAS, VA-The second phase of the 145,000-sf Euclid Business Center gets under way as developer Buchanan Partners breaks ground on a 59,000-sf, two-building development. Successful leasing for Phase I of the 12-acre compound inspired Buchanan to move forward on the second segment.

MESA, AZ-The Beverly Hills, CA investor gets 50,000 sf in two retail centers in separate transactions from a Mesa-based LLC. The Sun Valley Plaza I and II sell for $62 per sf and $69 per sf, respectively.