ENCINO, CA-VP Mark Groves of BRC tells GlobeSt.com’s Bob Howard that the Downtown L.A.-based company plans other new offices in Irvine and Calabasas as it continues to expand.

LOS ANGELES-The Southern California Institute of Architecture acquires its campus in Downtown Los Angeles for $23.1 million in this roundup of commercial real estate news in the West.

SAN BERNARDINO, CA-The New York City-based investor acquires two industrial buildings from Hillwood Investments in an Inland Empire sale negotiated by CB Richard Ellis.

LOS ANGELES-The Chicago-based REIT acquires the Pegasus apartment tower from Buchanan Street Partners and the Kor Group in one of the largest ever Downtown L.A. multifamily deals.

SANTA ANA, CA-Grubb & Ellis Healthcare REIT II buys the three properties in Arizona, Texas and Florida for $32 million in three separate transactions.

SAN FRANCISCO-The Port of San Francisco chooses Forest City California Development as developer of the 25-acre Pier 70 waterfront site.

BEVERLY HILLS, CA-The office REIT acquires the 150 S. Rodeo Dr. office building from New York City-based Brickman in a sale arranged by the Cushman & Wakefield Capital Markets Group.

LOS ANGELES-A partnership led by Williams/Dame and Associates plans the 22-story hotel tower, adjacent to L.A. LIVE, which will house two Marriott International hotel brands: Courtyard by Marriott and Residence Inn by Marriott.