WALNUT, CA-An owner-user acquires the property from a Los Angeles-based bank in a deal negotiated by Los Angeles-based Pegasus Investments.

LOS ANGELES-The company reports $54.8 million of net income and 17 cents per share on revenue that climbs to $1.2 billion in a 23% increase from the second-quarter last year.

NEWPORT BEACH, CA-Carson Cos. forms Carson Advisors to seek between $100 million and $200 million of investment from institutional investors and high-net-worth individuals.

TORRANCE, CA-New managing director John Hollingsworth will lead the sales team in the company's Commerce and Torrance offices and will oversee the firm's industrial platform.

IRVINE, CA-The number of defaulted and foreclosed hotels in California rises by 18% between the first and second quarters and climbs by 132% since the second quarter of 2009.

IRVINE, CA-INCO, a 30-year old Southland real estate brand, expands with the launch of INCO commercial, headed by industry veteran Gary Marquis.

NORTH HOLLYWOOD, CA-A Kennedy Wilson JV buys the REO 180-unit NoHo Tower, landing a $40 million mortgage that would not have been possible six months ago, the mortgage broker says.

LOS ANGELES-The investment firm acquires three apartment properties totaling 424 units, returning to the market for its first significant investment since 2006.