RANCHO DOMINGUEZ, CA-Chicago Based First Industrial Realty purchases two industrial buildings here totaling approximately 450,000 sf. The properties, sold by the Stanton Investment Company of Los Angeles, were 100% leased at the time of sale.

LOS ANGELES, CA-The sale of the Hotel Pacific in Monterey for $150,000 per room completes Jones Lang LaSalle Hotels' disposition of the five-property California coastal boutique hotel portfolio on behalf of UBS Warburg.

LOS ANGELES-Wayne M. Brandt, as managing director and head of the West Coast Real Estate Finance Group, will develop Greenwich's market presence for large structured real estate financings on the West Coast and will be based in a new office to be opened in Los Angeles.

UPLAND, CA-Lewis Retail Centers is developing six new retail centers on I-15 and 210 Freeway corridors in Inland Empire area of Southern California. The projects, scheduled to break ground in phases starting this summer, total nearly 3 million sf.

SIMI VALLEY, CA-Am-Pac Tire Distributors Inc. renews its lease with The Carson Companies for a 58,250-sf warehouse and distribution facility. The lease agreement is valued at $4 million.

LOS ANGELES- Vacancy rates in Central, West, South, North Los Angeles and the Tri-City districts all ranged between 16% and 20% through the first quarter of the year, according to the latest report from Cushman & Wakefield.

LONG BEACH, CA-Harriman Jones Medical Group has reduced the size and extended the term of its lease at 2600 Redondo Ave. The eight-year lease is valued at $15 million.

MOORPARK, CA-CP Investments, Inc., a San Diego-based real estate investment company, completes development of Mountain Meadows Plaza located at the northeast corner of Tierra Rejada and Mountain Trail here in Ventura County. The project is 100% occupied.