Sales and Leases: Other promising updates in...

Sales and Leases: Other promising updates in commercial property sales and leases:

* Helionetics Inc., a high-tech company that manufactures medical laser products, signed a five-year, $2-million lease for 70,737 square feet of office and industrial space in Irvine. The building, at Von Karman Avenue and Main Street, is owned by a partnership of the French & McKenna Co. and Aetna Realty Investors.

* Cherokee International, a maker of computer power supplies, bought the 84,000-square-foot Tustin building that it has leased for five years. The Resolution Trust Corp.--conservator of failed savings and loans--seized the building’s owner, Huntington Beach-based Huntington Savings & Loan, in 1990. Cherokee picked it up from the RTC for $4.8 million, said Jay Mast, a broker in the Irvine office of Lee & Associates Commercial Real Estate Services, which represented the computer company.