ONTARIO, CALIF. — Los Angeles-based Las Vegas Land & Development Company has acquired a fully occupied, 60,000-square-foot portion of The Marketplace at Ontario Mills, which is located at 4155-4195 Inland Empire Blvd. and 750 N. Ferrari Ln. in Ontario. Newport Beach, Calif.-based Peninsula Retail Partners sold the property for $18 million. The property consists of four furniture stores: CORT Furniture Rental, Ortho Mattress, Bassett Furniture and Easylife Furniture. Jeff Conover of Irvine, Calif.-based Faris Lee Investments represented the seller/developer in the transaction.