CARLSBAD, CA-With the area's vacancy rates continuing to plummet, a unit of Voit Development Co. Inc. has sold a 37,328-sf office and R&D building in the master-planned Palomar Airport Business Park for $4 million.

SORRENTO MESA, CA-An investor has paid $17.48 million for a three-building, Class A, fully leased business park in this San Diego submarket.

MOUNTAIN VIEW, CA-The Denver-based optical networking company is funding its objective thanks to $100 million in recent equity investments and $75 million in vendor financing. In two previous rounds, the 350-employee company took in a total of $86.5 million.

TURLOCK, CA-Dave Davis, chief financial officer for the publicly traded document management company, describes the sale of the 100,000-sf facility and an adjacent, vacant parcel as simply "the conversion of an underutilized asset to cash.