LOS ANGELES-Former L.A. Deputy Mayor Renata Simril joins the company as a managing director to expand the company’s public sector practice.

GLENDALE, CA-The new loan pays off the construction loan for a 272-room Embassy Suites, providing the borrower with a 36-month adjustable loan.

STOCKTON, CA-Excel Trust Inc. of San Diego is acquiring the 739,234-square-foot Park West Place from Levine Investments of Phoenix for $92.5 million.

LONG BEACH, CA-The locally based healthcare REIT agrees to acquire 338 facilities from the Toledo, OH-based provider of post-acute services and launches a 31-million-share issue to pay for the deal.

LOS ANGELES-The L.A.-based office REIT plans to default on the $470 million mortgage for its 1.3-million-square-foot Two California Plaza office property in Downtown Los Angeles.

LOS ANGELES-The 30-year industry veteran will have primary responsibility for overseeing the firm’s property management and asset management operations.

COSTA MESA, CA-The Irvine Co. buys MPG Office Trust’s Pacific Arts Plaza office complex out of receivership. Price is undisclosed, but sources peg it at $213 million.

OXNARD, CA-The $17.2 million loan will pay off a land loan, demolish existing buildings and clear the way for a new Lowe’s store.