LOS ANGELES-The 1,659-sf parcel will be used as public parkland. The parcel was purchased on Thursday by the American Land Conservancy, which then sold it to the state.

LOS ANGELES-The shopping complex, which is 100% occupied, has sold for $1.6 million. It is the third retail property to change hands in recent weeks. The retail property was on the market for 28 days before it was snapped up by private investors.

IRVINE, CA-The 63-unit apartment building, known as Summerwood Court, has been sold by an Irvine-based investment company. The complex was 95% occupied at the time of sale.

RANCHO SANTA MARGARITA, CA-The company, which makes audio-visual products, pays privately held Rochelle Holdings more than $2.5 million for the building at 30251 Esperanza. The facility will accommodate Eiki's need for expansion space.

ANAHEIM, CA-The option has expired due to lack of financing, leaving the parcel near Edison International Field up for grabs. The project's developer, Glacier of Anaheim LLC, says it is exploring alternative financing options and hopes to get the project moving forward again.

VAN NUYS, CA-The multifamily property was 99% occupied at the time of sale. The buyer plans to invest in capital improvements as part of a long-term repositioning strategy for the property, which was built in 1976.

LOS ANGELES, CA- The buyer was Lee Trust and the seller was Seattle, WA-based Costco Corp. A national auto repair chain owns a building that sits on the property.

RANCHO CUCAMONGA, CA-The two-building project encompasses 80,000 sf. The complex, situated close to Ontario International Airport, is approximately 85% occupied. Tenants include Wadell & Reed, the San Bernardino Credit Union, Farmers Insurance and Washington Mutual