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This week, transaction and development news came pouring out of the Southwest markets, where Phoenix continues to be a rising star. Institutional Property Advisors have completed $300 million of multifamily transactions in the last three weeks in Phoenix and Parallel Capital Partners  acquired full interest in Two Arizona Center. On the development front, Fenix Development announced plans to build 265,000 square feet of class-A office and 44,000 square feet of retail space at The Watermark Tempe on a speculative basis. Of course, Southern California markets were also very active this week, especially in Los Angeles, where Coretrust Capital Partners LLC has acquired Corporate Center Pasadena and Swift Partners acquired a 500,000-square-foot office campus in El Segundo. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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