Erin

SAN BERNARNDINO, CA-Today's celebration marks the first major construction at the site of the former Norton Air Force Base since 1994. The groundbreaking will include a "topping-out" ceremony for the eagerly anticipated Kohl's distribution center, which will be the first major industrial complex to rise on the 2,000-acre parcel.

BUENA PARK, CA-The owner of dining establishments such as Chili's Grill & Bar and Romano's Macaroni Grill inks a lease for retail space at 8303 On The Mall. The 10-month lease is valued at $892,500.

FOOTHILL RANCH, CA-Although the clothing retailer will close 27 locations over the current fiscal year, it also plans to open around 50 Wet Seal stores, 15 to 20 Arden B. stores and 10 to 15 Zutopia stores.

FOOTHILL RANCH, CA-Although the clothing retailer will close 27 locations over the current fiscal year, it also plans to open around 50 Wet Seal stores, 15 to 20 Arden B. stores and 10 to 15 Zutopia stores.

CAMARILLO, CA-The LLC unloads nine of the 12 buildings in the Camino Ranchero industrial project for $6.3 million. Located in Camarillo, the 90,473-sf development was completed in June 2001.

CORONA, CA-Marcus & Millichap Capital Corp. arranges the acquisition loan, which has an adjustable interest rate of 6.3% based on the 11th District Cost of Funds index, with a 2.95% margin. The amortization/term is 30/30.

GARDEN GROVE, CA-The deal results in a stabilized second year cap rate in excess of 9% for the buyer, Irvine-based Granite Investment Group. The 99-unit complex was 95% occupied at the time of sale.

ANAHEIM, CA-Private investors grab the multifamily property, which is located at 1224 W. Center St. The buyers, Dilip and Bharat Patel of Cerritos, have paid $830,000 for the multifamily property.