IRVINE, CA-The Irvine-based developer plans to use the loan to finance the construction of Phase I of its Las Vegas resort project. Known as Lake Tropicana Timeshare Resort and Towers, the development is located on the strip between the MGM Grand Hotel/Casino and the Aladdin Hotel/Casino.

ORANGE COUNTY, CA-In a recent survey, brokerage firms predict that Orange County's industrial rents will decrease in the upcoming months, while sale prices will remain fairly stable.

BUENA PARK, CA-Irvine-based Bascom Lincoln Avenue Apartments LLC sells Cypress Village Apartments sells to private investor Ed Crerna in a deal brokered by Morgan Skenderian Investment Real Estate Group.

NEWPORT BEACH, CA-The 43-unit multifamily complex is located at 11500 Colima Rd. in Whittier. The property, known as Candlewood Apartments, has been snatched up by private investors.

SANTA ANA, CA-The locally based telecom company serving the title and real estate industries has announced that its LDExchange subsidiary will discontinue its wholesale international long distance business.

ANAHEIM, CA-The firm's Anaheim-based Focus Retail Group has been awarded leasing assignments at several large development projects that are currently in the works in the Inland Empire.

ORANGE COUNTY, CA-According to a recent report by Grubb & Ellis Co., the region's industrial sector will continue to cool in the upcoming year. North and Central County, with their more traditional manufacturing and distribution facilities, are expected to fare best in the face of the continued slowdown.

ORANGE COUNTY, CA-According to a recent report by Grubb & Ellis Co., the region's industrial sector will continue to cool in the upcoming year. North and Central County, with their more traditional manufacturing and distribution facilities, are expected to fare best in the face of the continued slowdown.