FOOTHILL RANCH, CA-The Newport Beach investment firm buys the 208,620-sf, recently completed Foothill Plaza office center from an affiliate of Searles DevCorp., also of Newport Beach, with plans to finance its lease-up for a future sale.

BURBANK, CA-The number of new permits issued for apartments and the value of those permits dipped during the first seven months of this year, as did the volume of commercial building construction, the Construction Industry Research Board says.

ORANGE COUNTY, CA-The number of new permits issued for apartments climbed sharply in the county for the first seven months of this year, but the value of new apartment and commercial building construction dropped.

RIVERSIDE, CA-The financial consulting firm signed deals in Riverside and Hemet, including a build-to-suit office, according to broker Andrew Nott of Grove Realty Services Inc.

ANAHEIM HILLS, CA-The San Juan Capistrano-based investment company acquires the 80,998-sf office building for $11.85M from a San Francisco area investor.

PASADENA, CA-The 140,000-sf office building in the city's revived Old Town district was part of a $265 million portfolio that the seller acquired in 1998.

NORTHRIDGE, CA-The new owner of Northridge Marketplace plans a complete renovation and name change. Brokers say buyers are investing in retail centers here because the area's dense population and the lack of land all but ensure a profit.

CYPRESS, CA-Foremost Business Parks acquires the Corporate Avenue property, which is 84% leased to Mitsubishi Electronics, Hyundai Electronics America, and several other tenants.