SANTA BARBARA, CA—After selling 16 non-core assets, Hersha Hospitality Trust acquires the Hotel Oceana, including an 8.6% capitalization rate.

LOS ANGELES—A private investor wins the purchase of the Huntington Plaza Shopping Center after the property received nearly 20 offers from private and institutional investors.

LOS ANGELES—EVOQ Properties board of directors hires financial advisors to explore strategic alternatives to its business plan, which may result in the sale of the company.

LOS ANGELES—J.H Snyder begins construction on 959 Seward, a 245,000-square-foot, two-story creative office campus in the center of Hollywood, which will serve tenants using 5,000 to 36,000 square feet of office space.

LOS ANGELES—With the weeklong grand opening ceremony, Emerson College becomes the first out-of-state college program to open a full-service, permanent campus in Los Angeles.

TORRANCE, CA—In its first ever roundtable, Partner Engineering and Science gathers industry leaders to discuss policies, best practices and issues of construction lender risk management.

TARZANA, CA—Sinanian Development Inc. acquires Village Walk, a two-parcel development site entitled for a 72-unit apartment or condominium complex.

CULVER CITY, CA—CF Culver City LP acquires the Westside Business Park, a 71,749-square-foot creative office campus, for $26.5 million and arranges $18 million in acquisition financing.