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ORANGE COUNTY--Asset Management Consultants buys four-building development in Costa Mesa, boosting this year's acquisitions to more than $30 million.

TROY, MI-The company is expanding its own facilities and developing speculative office space.

TEWKSBURY, MA-The private real estate investment company plans to add 300,000 sf of office/flex space to the eight-building complex, which is located in one of the state's hottest office markets.

LOS ANGELESInstitutional real estate investment giant CB Richard Ellis has completed capitalization of a fund involving 16 investors. Although 70% of fund's capital is already tied up, it still has $220 to spend and is looking for investment opportunities in Los Angeles, San Francisco and Chicago.

HOUSTON-In a flurry of leasing activity at Kingwood Place office buildings, tenants renew leases, signing for an extra 18,003 sf for expansions. The activity includes a new 2,798-SF lease for Tenzer Corp

SKOKIE, IL- Following its merger earlier this year with Monsanto, drug giant Pharmacia Corp. is unloading nearly 1 million-sf of properties formerly occupied by G.D. Searle and Co., which itself was acquired by Monsanto in an earlier deal.

CHICAGO-Investment SVP at the city's largest industrial developer sees problems ahead for telecom hotels as the telecommunications industry finds it harder to raise money for network expansions. The industrial REIT is scouting major sites locally for Exodus Communications.

ORLANDO-Richard Livingston, president/owner of Russell's Inc., a Downtown Eustis, FL retail landmark, is selling the 10,000-sf, two-story property to a nearby proprietor for an undisclosed sum. Eustis is 30 miles northwest of Downtown Orlando.