NEWPORT BEACH, CA-KBS Capital Advisors sells the seven-asset portfolio in five states to Pennsylvania-based Exeter Property Group.

LOS ANGELES-The new senior managing director, along with assistant director Regina Manasan, will focus on global corporate services, providing strategic consulting, lease administration, financial analyses and transaction management solutions.

IRVINE, CA-The Houston-based company closes its previously announced sale of a nine-story, 210,000-square-foot office building at 7700 Irvine Center Dr. to locally based Great Far East Inc.

WEST HILLS, CA-The company acquires the townhouse project from Bank of America in a joint venture and plans to sell the units, which range from 1,900 to 2,050 square feet.

FOSTER CITY, CA-The developer begins construction on the Plaza, a work force housing development including 20% of the units set aside at below-market rates.

WEST HILLS, CA-The newly completed Villas at Sherman Place trades for $328,200 per unit in this week's roundup of commercial real estate news in the West.

TEMPE, AZ-The sale of Fountainhead Office Plaza marks the first major office deal over $300 per square foot since the first quarter of 2008 in the Phoenix market, according to CBRE.

PERRIS, CA-The solar panels, on more than 1.6 million square feet of rooftop space under a 20-year lease with Southern California Edison, will produce enough power for 5,200 homes.