Middle Market Digest: This Week in Southwest

Deal volume was strong this week, as we head into mid summer. The most notable deal of the week was in Phoenix. TLG Investment Partners and Concord Wilshire Capital acquired the Sheraton Grand Hotel located in Phoenix, Arizona for $255 million through an affiliate of TLG Phoenix, LLC. While this deal was significant, many of the deals fell below $25 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

LOS ANGELES—Madison Realty Capital has opened its first West Coast location in Los Angeles. The firm has been experiencing ongoing growth and expansion. As part of this West Coast expansion, MRC has also named veteran commercial real estate finance professional Bradley Ross as the firm’s newest member of the team. Ross will be based in Los Angeles and will work closely with MRC principals to identify and secure loan origination opportunities throughout the Southern California and Western U.S. markets.