NEWPORT BEACH, CA-The theater operator, which declared bankruptcy in August 2000, awards Jones Lang with a two-year contract to manage its real estate portfolio. The decision to outsource is part of a recovery plan to improve the profitability of the company's operations.

LOS ANGELES-The studio lighting firm acquires the 34,000-sf industrial building from a Long Beach-based development company. It is the third industrial deal reported in the area this week.

CYPRESS, CA-Aerospace giant Boeing Co. secures 112,000 sf in a lease that industry sources say is valued at nearly $3.4 million. By month's end, three operations in Long Beach and Huntington Beach will be consolidated into the Valley View Street location.

IRVINE, CA-Locally based private equity fund, the Bascom Group, adds to its Inland Empire portfolio with the acquisition of Arrow Meadows Apartments, a 114-unit complex in Rancho Cucamonga. About $1 million in upgrades are coming.

BREA, CA-Brea Walden LLC has the land now it just needs to decide if a 13-acre purchase will be dedicated to multifamily development. The property stands adjacent to a 790-acre proposed residential project.

HUNTINGTON BEACH, CA-Investment group Jeff Grand Partners acquires two industrial facilities, which are located at Lorge Circle. Industrial sales in this region continue at a steady pace, as supply is limited and interest rates are low.

LOS ANGELES-Two separate companies pay $4.4 million for the properties, which stand on Glenoaks Boulevard. The buildings will be occupied by the buyers, Leonetti Co. and GER Enterprises.

BREA, CA-Krause's Furniture Inc. is chipping away at remaining assets in line with a Chapter 11 bankruptcy agreement. The final stage of store closings and inventory sales are under way for 43 stores nationwide as well as its 250,000-sf factory in Brea.