ONTARIO, CA-MKJ Milliken Commerce Center, LLC, a Whittier-based developer and affiliate of Capital America, LLC, has purchased 9.22 acres in Ontario for $2 million. MKJ Milliken bought the property from Prologis. The company plans to develop two industrial buildings on the site.

KOREATOWN, CA- Hanover Financial Co. and Upside Investments Inc. sell the La Fayette Park Place Apartments to 1031 Reverse Exchange Co. The apartments sell for roughly $130,000 per unit. Leasing began at the end of last year and currently the complex is close to fully occupied.

SANTA FE SPRINGS, CA-Pro Colors Inc. has signed a three-year lease renewal for 18,532 sf of industrial space at 10510 Hathaway Dr. in the Hathaway II Business Park. The business says it wanted to stay in the same space because the location is convenient and familiar to their clients.

LOS ANGELES-A New Zealand multifamily property developer has obtained construction financing for a 39-unit condominium project under way in the Brentwood section of Los Angeles.

LOS ANGELES-The owner-operator of lifestyle shopping centers says it is acquiring two shopping centers in Santa Barbara County. The acquisition of La Cumbre Plaza and Paseo Nuevo from Taubman Centers Inc. is slated to close within one week.

LOS ANGELES, CA-Jack Mayesh Wholesale leases 26,000 sf near its headquarters near Los Angeles International Airport. The company is already a tenant in the building.

LOS ANGELES, CA-A nearly 42,500-sf, multi-tenant, industrial park in Gardena, Calif., is purchased by an affiliate of Bergman Industries Inc. The seller is Western Segundo Industrial Center LLP.

EL SEGUNDO, CA-Venture West Funding, a mortgage brokerage, reports a record first quarter with 273 real estate loans placed for $211.3 million. The growth represents a 236% gain in financing volume and an 80% gain in customers over the prior year.