NEWPORT BEACH, CA-GlobeSt.com learns from the locally-based firm that demand continues to rise, as total activity volume reached its highest level in Q4 since 2006—and the firm expects the improvement to continue.

SAN DIEGO-A source says that the sale indicates that the apartment investment sector is making a strong comeback in Southern California.

EL SEGUNDO, CA-According to JLL’s Bob Prendergast, 2031 E. Mariposa, which is 100% leased to Mattel, is one of the rate creative office spaces in the South Bay, but Kilroy sheds it to expand up north.

BUENA PARK, CA-GlobeSt.com has learned that Coventry Real Estate Partners hired Vestar to handle the property management of Buena Park Downtown.

IRVINE, CA-RealtyTrac co-founder James Saccacio says many foreclosures may roll into the market as REOs or short sales sometime early this year.

IRVINE, CA-Mike McCann joins as managing director in Orange County, while the firm also opens a full-service office in Denver, adding Eric Tupler, Brock Cannon and Josh Simon to the team.

SACRAMENTO-At present, the result of the recent ruling by the CA Supreme Court to strike down ABX1 27 is that all redevelopment agencies will be out of business on Feb. 1, and will have to start winding down operations.

LOS ANGELES-GlobeSt.com learns that Jan Pope will lead corporate solutions in the west, while Peter Belisle will now head the Southwest Region, which includes Las Vegas, L.A., Orange County, Phoenix and San Diego.