IRVINE, CA-Even though there was an increase this month, according to RealtyTrac, that number is still down 19% from January 2011.

SEATTLE-An outside source tells GlobeSt.com that strong rent growth, in urban neighborhoods like this one, enables developers like Vulcan Real Estate to bring new, ground-up product to the market.

LAKEWOOD, WA-The two properties, built next door to each other, will provide more than 200 new rooms in an area that has traditionally been underserved by the hospitality industry in this week’s wrap up of deals.

SANTA ANA, CA-Grubb & Ellis intends to implement the transaction as an asset sale under Section 363 of the US Bankruptcy Code and expects business to continue without disruption as it completes the sale process.

ROCKLIN, CA-FPA Multifamily buys a 452-unit multifamily community here on behalf of a fund that is targeted on purchasing $900 million of multifamily properties in the western US.

LOS ANGELES-Industry leaders and speakers at the upcoming RealShare Real Estate 2012 conference share their insights on the market and say 2012 will be an excellent year for strategic acquisitions.

SEATTLE-The online retailer plans to build three commercial towers in Seattle, reports Bloomberg, potentially increasing the city’s downtown office space by 7%.

ORANGE COUNTY, CA-The promotions of Ross Nelson and Scott Pastel come as the firm continues undergoing its five-year restructure and positions itself for a growth initiative.