SAN JUAN CAPISTRANO, CA-The Irvine-based company kicks off construction of a $22 million Residence Inn by Marriott.

HOLLYWOOD-The 12-story, 175,000-square-foot office building at 7060 Hollywood Blvd. was vacant when the LeFrak Organization of New York City bought it for $50 million in 2007.

CHICAGO-The industrial REIT says that it will net proceeds of $100 million from its offering of 8.9 million shares of common stock.

ESCONDIDO, CA-The REIT signs purchase agreements to acquire up to 33 single-tenant, retail, distribution, office and manufacturing properties under long-term net leases.

SEATTLE-The online retailer inks a lease with building owner and developer Schnitzer West for space at Schnitzer's new 1918 Eighth Ave. project.

IRVINE, CA-The 30-year industry veteran will also serve as CFO of TNP Strategic Retail Trust, a non-traded REIT sponsored by Thompson National.

As a guy with a white beard, I hate to pick on a fellow unshavery character. But what the heck, Ben Bernanke is a public servant.

IRVINE, CA-Look for fast-rising hotel sales to keep up the pace this year, Atlas Hospitality says in its latest report on the California Hotel sales market.