LONG BEACH, CA-The Garden Grove, Calif.-based real estate investment group buys the 275,972-sf former John Hancock Life Insurance headquarters, which sits on land owned by the City of Long Beach.

MARINA DEL REY, CA-For the highest price ever paid for an apartment community in Los Angeles County, SSR Realty Advisors and one of its clients pick up a 583-unit complex in Marina Del Rey. Apartments here average 854 square feet with an average rent of $1,671 per month.

MARINA DEL REY, CA-For the highest price ever paid for an apartment community in Los Angeles County, SSR Realty Advisors and one of its clients pick up a 583-unit complex in Marina Del Rey. Apartments here average 854 square feet with an average rent of $1,671 per month.

PASADENA,CA-Adler Realty Advisors of Woodland Hills, Calif. bought the 26,191-sf property, which includes one all-office building and another building with both office and industrial space, broker Ken Hulbert of Daum Commercial Real Estate Services tells GlobeSt.com.

LONG BEACH, CA-A private investor based in Beverly Hills, Calif. obtained a $5.52 million loan from Lehman Bros. to refinance the six-story, 62,262-sf City Centre office building in Downtown Long Beach.

LOS ANGELES, CA-The West Los Angeles-based real estate investment trust blames the reduction in part on one-time charges for bad debt reserves related to tenant Peregrine Systems Inc.

BIG BEAR LAKE, CA-Booth Creek Ski Holdings Inc. of Vail, Colo., says it will sell the prominent San Bernardino Mountains facility to Snow Summit Ski Corp. in September for an undisclosed price.

SANTA CLARITA, CA-The Sierra Crest Center is in a growing residential area north of Los Angeles. It was built in 1991 and was once leased at high rates, but it went into foreclosure during the recession of the early 1990s.