PASADENA, CA-The locally-based developer obtains the construction loan from Corus Bank for its Western Asset Plaza development, a five-story project that will be anchored by Western Asset Management Co., a subsidiary of Baltimore-based Legg Mason.

GARDENA, CA-Hyundai Merchant Marine sells the 12-story, 247,244-sf Andrex Point office building to Commercial Ventures Inc. of Westwood, Calif. The 13-year-old building is 61% occupied.

NEWPORT BEACH, CA-Health Care Property Investors Inc. says it will fund the loan and a $12.25 million equity investment for American Retirement Corp., which will use the funds to refinance existing debt.

ONTARIO, CA-The parent of FAO Schwarz and other toy retailers is moving its western distribution center to the 1.5-million-sf Haven Gateway Centre.

LA MIRADA, CA-A joint venture of New York-based The Praedium Group and the Gale Co. of Irvine sold the three-story, class A office building at 14320 Firestone Blvd. in La Mirada, CA for $6 million.

WEST LOS ANGELES, CA-In a $3.7-million deal, Immortal Entertainment Group signs on for space in Kilroy Realty Corp.'s Westside Media Center at Olympic Boulevard and Bundy Drive.

WEST LOS ANGELES, CA-In a $3.7-million deal, Immortal Entertainment Group signs on for space in Kilroy Realty Corp.'s Westside Media Center at Olympic Boulevard and Bundy Drive.

LOS ANGELES, CA-From April through June, Los Angeles County lead the nation in demand for apartments and Southern California was "the nation's apartment demand hot spot," according to a new report.