EL SEGUNDO, CA-Opus West Corp., a full-service real estate company based in Phoenix with Southern California offices in Irvine and Los Angeles, has sold Grand Avenue Corporate Center to Infonet for $25 million. The development, a class A, four-story, 126,000-sf mid-rise office building, is located at Grand Avenue and Nash here.

CHATSWORTH, CA-The investment group Sares Regis Group, with investment partner City Group has purchased the Waterstone Apartments, a 348-unit apartment complex here, according to Grubb & Ellis Company. The transaction is valued at $30.75 million.

TEJON RANCH, CA-Tejon Ranch Company, the largest contiguous landowner in CA., and IKEA, the home furnishings retailer, has announced the grand opening of the IKEA Tejon Terminal.

LOS ANGELES-Marty Barkan, office properties specialist with the West Los Angeles office of Grubb & Ellis Company, has been promoted to senior vice-president. The San Fernando Valley office of CB Richard Ellis has hired Don Hudson as managing director.

WOODLAND HILLS, CA-St. Jude Medical, a St. Paul, Minn.-based maker of cardiac rhythm management devices, has leased 19,758 sf of office space here, according to Grubb & Ellis Co. The five-year lease was valued at $3.1 million.

ONTARIO, CA-CVB Financial Corp., parent company of Citizens Business Bank, has recorded earnings of $40.1 million for the year ending Dec. 31, 2001.

LOS ANGELES-The mood at RECG Real Estate Conference 2002 at the Century Plaza Hotel here was upbeat but cautious, as panel after panel repeated the worrisome mantra of recession and the tragic events of 9/11 as cause for 2002 to be a challenge for the industry.

LOS ANGELES-Wedbush Morgan Securities, an investment bank and brokerage firm located here, has signed a 10-year lease for 113,000 sf of office space at 1000 Wilshire Blvd. The lease is valued at $26 million and makes the investment firm the building's primary tenant.