NEW YORK CITY-As Steven Swerdlow takes the helm as executive managing director of the Eastern Division for CB Richard Ellis--a company with revenues of $1.2 billion in 1999--the Manhattan office where he currently works becomes the new division headquarters.

QUEENS, NY-The San Francisco-based trust purchased 29 buildings with 1.2 million sf of space from two local firms for $104 million.

ORANGE COUNTY, CA-The maker of computer chips will spend $5 million to enlarge manufacturing center, pushing capacity up by more than 30% and creating 45 new jobs.

AUSTIN-The class A, 193,200-sf Stonebridge Plaza I in northwest Austin is now under the ownership of an unidentified pension fund client of Los Angeles-based Lowe Enterprises Investment Management Inc. The 99%-leased office structure was completed last March by Transworld Properties, which has just broken ground on a 200,000-sf sister building in the heart of Austin's Golden Triangle in the Northwest submarket.