Investment sales dominated activity this week, especially in the multifamily sector. Phoenix, as we have been reporting, has seen tremendous interest from investors. This week, 148-unit Arcadia Walk apartments and the 240-unit San Palmas at Mission Park traded hands. Still, most investment activity was concentrated in the Southern California markets, including two portfolio transactions. A 128-unit, 9-property multifamily portfolio in the San Fernando Valley and a four-property, 214-unit multifamily portfolio in Santa Ana. Here's a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

NEW & NOTABLE

PHOENIX, AZ—Commercial Properties/CORFAC International has been recognized in the 2018 Ranking Arizona—The Best of Arizona Business, as the #1 Commercial Real Estate Property Management Team as selected by its clients, tenants, vendors, and contractors. The property management division is led by Cecil Yates, who came to CPI in 2015 with over 20 years of real estate and economic development experience. Currently, CPI's listings include 21.2 million square feet for sale/lease and provide property management and receivership services to more than 11.4 million square feet under management.