SACRAMENTO, CA-The Newport Beach, CA-based investor and developer pays $9.2 million for American River Commons, a 7.4-acre park here with seven one-story buildings and a 9% vacancy rate.

SAN JOSE, CA-The maker of probes used in semiconductor manufacturing vacates its 263,000-sf campus here in favor of 78,000 sf a few blocks away owned by Divco West. In advance of the move, Electroglas sold its campus to IDT for $29 million.

AUBURN, WA-Cobalt Properties of Seattle is developing Terrace View Apartments, a garden-style development here on 49 acres. Site work began in January. The estimated completion date is June 2006.

ST. LOUIS-Looking to free itself of the real estate business and free up capital, SSM Health Care/St Louis sells 10 medical office buildings in six different locations here to Lillibridge, a Chicago-based private company that invests exclusively in the healthcare-related real estate.

ST. LOUIS-Looking to free itself of the real estate business and free up capital, SSM Health Care/St Louis sells 10 medical office buildings in six different locations here to Lillibridge, a Chicago-based private company that invests exclusively in the healthcare-related real estate.

GAUTIER, MS-Azur Shell Landing Resort Inc. follows up its acquisition of the Shell Landing Golf Club near here by acquiring Shell Landing Development Inc., the company that owns 1,200 acres surrounding the golf course that has been master planned for a resort, and begins pre-sales for two five-story condominium buildings.

GAUTIER, MS-Azur Shell Landing Resort Inc. follows up its acquisition of the Shell Landing Golf Club near here by acquiring Shell Landing Development Inc., the company that owns 1,200 acres surrounding the golf course that has been master planned for a resort, and begins pre-sales for two five-story condominium buildings.

SAN JOSE, CA-A few months after acquiring the 353,174-sf office/R&D park for about $35 million cash, Guggenheim Real Estate PLUS and Professors Capital Funds closes on $18.3 million in financing secured by the park.