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The summer heat hasn’t slowed down transaction activity. This week, there was a flurry of deals reported across asset classes, as well as some notable employment news throughout the Southwest region. While activity in Los Angeles and Orange County remains strong, capital continues to flood to Phoenix and other outlying markets, like Las Vegas, for better opportunities and yields. 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 IRVINE, CA—Landsea Homes has hired veteran industry executive Tom Baine as president of Southern California Division. Baine brings nearly 30 years of homebuilding experience to his new role, which will oversee the planning, development and implementation of the company’s communities in the region. Baine joins Landsea Homes after a long and distinguished career with Taylor Morrison Home Corp., one of the largest homebuilders in the United States.  His career began in 1990 as a customer service representative, and he continually rose throughout the company before serving the last 14 years as Vice President of Operations, managing numerous communities in Orange County, San Diego County, Los Angeles County and the Inland Empire. The company also announced that longtime Landsea Homes executive Greg Balen will serve in a new role, as the company’s Vice President of Corporate Homebuilding Operations.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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