IRVINE, CA—Median prices rise 11% from a year ago to their highest level since December 2008 and are above pre-recession levels in 19% of major counties, reports RealtyTrac.

IRVINE, CA—Industrial developers are facing competition for land and sites from residential developers who are willing to take the entitlement risk for upside potential. Is this a bad thing? GlobeSt.com asks the experts.

NEWPORT BEACH, CA—In this <b>UPDATE</b> to an earlier story, Alexa Mizrahi tells GlobeSt.com that foreign and domestic investors who can't find the yield they seek in multifamily have turned to the hospitality sector.

NEWPORT BEACH, CA—Driver SPG starts renovation on Mark IV Capital's new 21,000-square-foot office building and 9,142-square-foot underground parking garage here that will replace the firm's previous headquarters.

CONCORD, CA—RiverRock Real Estate Group Inc. is assigned by Montgomery Advisors on behalf of its JV partner Prudential to manage the 347,000-square-foot property here in this week's wrap-up of deals.

IRVINE, CA—Auction.com's CEO joins a group of Orange County finalists for consideration by EY. The winners will be announced at a June 4 gala at the St. Regis Resort in Dana Point.

IRVINE, CA—Now known as Shopoff Realty Investments, the locally based firm expects to double the size of its staff this year and expand its office space while launching various innovative strategies.

LAS VEGAS—Formerly a product manager of ARC Realty Finance Trust, Reed will be responsible for managing the company's securities operations, marketing, sales and accounts.