LOS ANGELES-A Beverly Hills-based investor acquires a nine-building, 195-unit apartment portfolio in Playa del Rey. The buildings sold at a premium based on the rent potential and savings in management costs due to the close proximity of the properties.

ALISO VIEJO, CA-Locally based Shea Properties has begun grading on a 277-unit multifamily project in Santa Rosa. The $44-million Acacia on Santa Rosa Creek is slated for completion in the fall of 2002.

HUNTINGTON BEACH, CA-The 30,000-sf industrial building will be occupied for five years by a provider of custom organization systems, the latest in a long line of industrial users snatching up space in the county's tight market.

LOS ANGELES-Quintessence Photonics Corp. is slated to occupy a 40,000-sf industrial building in Sylmar next month. The start-up telecom company signed a five-year lease deal valued at $1.4 million.

LOS ANGELES-The 178-unit landmark apartment complex is up and running again after being rebuilt to its original specifications and sold for $48 million. The original SeaCastle was torn down after the Northridge earthquake and a fire that followed two years later.

FULLERTON, CA-An aerospace-related manufacturer has paid $8.2 million for a 15.7-acre parcel in Fullerton. The buyer has tentative plans to build an industrial facility on the site.

NEWPORT, CA-Locally based Koll Development Co. has acquired a 13.71-acre parcel in Arizona for $4.6 million and plans to build an 189,524-sf office project on the site.

LOS ANGELES-A 36,877-sf office building in Whittier has changed hands for $4.3 million the third office disposition to be announced this week in Los Angeles County. Combined, the sales represent more than $90 million in sales activity.