Middle Market Digest: This Week in Southwest

Another hiring surge happened this week, with several big appointments throughout the Southwest. Among the most notable new hires are Scott Chalmers as managing director of CBRE’s West L.A. office, Chaz Mueller as CEO of Progress Residential and J. Monty Petersen as regional project director to Sunrise Management’s Phoenix office. In addition to the employment news, there were also several notable transactions this week, like Parallel Capital Partners’ 200,000-square-foot lease deal with American Specialty Health Inc. valued at $110 million and L3 Technologies Torrance Tech Campus, which traded hands for $124 million. 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

LONG BEACH, CA—The Port of Long Beach has been named the “Best Green Seaport” in the world at the 32nd annual Asian Freight & Supply Chain Awards hosted in Shanghai by the Asia Cargo News shipping trade publication. The Port of Long Beach, known as the Green Port, has succeeded in dramatically reducing its environmental impact. Adopted in 2005, Long Beach’s “Green Port Policy” has led to significant improvements in air and water quality from initiatives such as the Clean Air Action Plan (CAAP) and the Technology Advancement Program (TAP). The newly updated CAAP identifies strategies to further reduce pollution from every source and accelerate progress towards a zero-emissions future.