GRANADA HILLS–An $18.5-million redevelopment project has been completed on a 225,000-square-foot neighborhood shopping center. The redesigned center will feature a modern Spanish colonial style.

BEVERLY HILLS, CA-Lucent Capital arranges separate loans totaling just over $11 million in permanent financing to recapitalize two mixed-use office over retail buildings.

IRVINE, CA–The annual NAIOP “Night at the Fights” was a sold-out success, as members of the Commercial Real Estate Development Assn. and their guests enjoyed a night of networking and fun at the Hyatt Regency.

BEVERLY HILLS, CA—A 9,046-square-foot office building here sells for $10.4 million. The price translates to $1,150 per square foot, allegedly the highest sales price ever per square foot for office space here.

LOS ANGELES–Choice Hotels International creates a joint venture with Fillmore Capital Partners LLC to develop multiple Cambria Suites hotel properties.

LOS ANGELES-A Marcus & Millichap webcast saw the firm's executives touting the US multifamily market as remaining healthy for some time.

BEVERLY HILLS, CA–Hustler magazine founder and chairman Larry Flynt sells his company's iconic headquarters building at 8484 Wilshire Blvd. for $89 million. Flynt will remain in the building as its anchor tenant.

LOS ANGELES–The Campus at Playa Vista, a four-building class-A office complex, has been sold. An SEC filing indicates the purchase price was $218 million.