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LONG BEACH, CALIF. – Sares Regis has purchased 160 acres at Long Beach Airport for an undisclosed sum. The land has the potential to hold about 3.2 million square feet of office, industrial and retail developments. The acreage is located at Douglas Park, a 261-acre property that was owned and master-planned by Boeing Realty Corporation. Sares Regis has already begun to develop Pacific Pointe, which will include seven corporate-headquarters buildings totaling 677,142 square feet on 33.6 acres at the park. CBRE’s Bob Smith, Brian DeRevere and John Schumacher represented both the buyer and the seller in this transaction.