ANAHEIM, CA-The fast food chain, which consists of 125 restaurants, has been sold by locally based CKE Restaurants Inc. for more than $72 million. CKE has slowly been shedding its assets since November 1999, in order to raise cash to pay off its debts.

LOS ANGELES-Construction has begun on the $40-million project, which will encompass 216,000 sf when completed. El Segundo's office market continues to attract tenants, especially those companies that have fled from the higher rents of nearby West LA.

TUSTIN, CA-The 21,479-sf facility has changed hands in a 1031 exchange. According to area brokers, local investors and 1031 buyers are stepping up to the plate in the Southland's office market.

ALISO VIEJO, CA-The pharmaceutical company has signed a $1 million, five-year lease for 10,400-sf of office space at Aliso Viejo Town Center Corporate Park. It will serve as the Western Regional Sales Office for the company.

LOS ANGELES-Locally based Manning & Marder, Kass, Ellrod, Ramirez LLP sign on for some very plush space in a Downtown office building. The law firm inked a 10-year, $13.5-million lease for 47,272 sf on three contiguous floors.

LOS ANGELES-The units are part of a single apartment complex in Palm Desert that was 95% occupied at the time of sale. The transaction is the latest in a string of multifamily deals involving locally based investors.

LOS ANGELES-A 75-room Best Western motel changed hands recently at a price equal to $63,800 per unit. The offer was made, negotiated, countered and closed in a little more than 60 days, says Irwin Woldman, a Grubb & Ellis broker who worked on the deal.

ORANGE COUNTY, CA-Colliers Seeley International's Anaheim office has completed the sale of a Rowland Heights' shopping center. The property was 100% leased at the time of sale.