LOS ANGELES-NorthMarq has arranged refinancing worth $40.5 million for two multifamily properties in the state.

LOS ANGELES-In partnership with Citi, a new Canyon Capital fund will acquire and manage up to $800 million in multifamily properties.

TEJON RANCH, CA-Robert A. Stine will retire as president and CEO of the Tejon Ranch Co. at the end of this year. The announcement came today at the company's annual shareholders meeting.

EL SEGUNDO, CA-Skin care giant Murad will move down the block next year from its current home, investing $35 million in a new 45,000-square-foot global headquarters.

LOS ANGELES-A crowdsourced database of commercial lease comps launches here June 1 as part of a new online service's national rollout.

LOS ANGELES-A former Siemens research and development office has been sold for $9.3 million. The building is located in L.A.'s enterprise zone.

POMONA, CA-Seventh Street Development has started construction on the largest industrial building built in the San Gabriel Valley in the past three years.

PASADENA,CA-Brandywine Homes has acquired 12 lots in East Pasadena. They will begin construction of a dozen homes.