EL CENTRO, CA-The Newport Beach, Calif.-based investment and development firm paid $9.3 million for Valley Plaza and will spend $4 million redeveloping it into a mixed-use "town center.

MONTCLAIR, CA-Rock of Life Church buys the 23,564-sf former United Artists theater for $1.1M and will renovate it into a church, a community room, a gym and other facilities.

LOS ANGELES, CA-The company wins the assignment for an industrial portfolio in Los Angeles and Orange counties, boosting recently gained management contracts to 1.3 million sf.

LA HABRA, CA-The Park Lambert development, fully occupied, attracted more than a dozen prospective buyers, broker Mike Lawrence of Marcus & Millichap tells GlobeSt.com.

RIALTO, CA-Nijjar Realty acquires the apartment building after a pending deal falls through, according to apartment specialist Bill Roblero of Grubb & Ellis.

NEWPORT BEACH, CA-A partnership buys the upscale RV resort on the Orange County coast for an undisclosed price that sources believe is about $50 million.

LOS ANGELES, CA-Mid-Wilshire's biggest office landlord, Dr. David Lee, acquires his first Downtown property here with the purchase of the 150,000-sf Banco Popular building.

LOS ANGELES, CA-With occupancy dropping by more than 8% over he first half of the year, according to a new report, it's clear the county's lodging industry is still feeling the effects of the slowing economy and Sept. 11 terrorism.