IRVINE, CA-Howard Building Corp. completes the conversion, which involved turning a 33-year-old building into a modern optics manufacturing lab facility. Tenant improvements include 4,000 sf of office space and 39,000 sf of optics manufacturing space.

ANAHEIM, CA-Metal Powder Products Co. unloads the 45,250-sf building in a sale-leaseback deal. Built in 1971, the facility stands on a 121,968-sf parcel at 5500 E. La Palma Ave.

IRVINE, CA-Andrew Price, an 11-year company veteran is named as Leighton and Associates' new president and CEO. He is replacing Bruce Clark, who has retired from the board of directors and is currently serving as a senior consultant.

PALM SPRINGS, CA-Located at 2300-2490 Tahquitz Canyon Way, the 155-unit complex features two pools and a clubhouse. Its sale is the latest sign of the rising value of multifamily product here.

ANAHEIM, CA-Buchanan Street Partners arranges the bridge financing for Leed Metro Center, a 33,000-sf office building in Anaheim. The money will be used to convert the facility from multi-tenant use to single-tenant occupancy by the County of Orange Probation Department.

NEWPORT BEACH, CA-Although still below last year's figures, Nationwide Health Properties Inc.'s results for second quarter 2002 show an improvement over the REIT's first quarter performance. Funds from operations was $21,996,000 or $0.45 per diluted share, as compared with last quarter's FFO, which was $21,051,000 or $0.44 per diluted share.

NEWPORT BEACH, CA-Although still below last year's figures, Nationwide Health Properties Inc.'s results for second quarter 2002 show an improvement over the REIT's first quarter performance. Funds from operations was $21,996,000 or $0.45 per diluted share, as compared with last quarter's FFO, which was $21,051,000 or $0.44 per diluted share.

LAKE FOREST, CA-Buyer OOA Investments Inc. pays $1.7 million for the property, which is located at 31 Orchard in Lake Forest. The transaction is the latest in a string of deals to occur in the South Orange County office market, which recently saw positive net absorption for the first time in two years.