ORANGE COUNTY, CA—Four cities here launch the HERO PACE Program, which enables homeowners and commercial property owners to make energy- and water-efficiency improvements and pay them off through their property-tax bill.

SAN DIEGO—Investors are demanding multifamily properties in this submarket just north of Downtown San Diego, which is attracting young professionals, Colliers' Peter Scepanovic and Corey McHenry tell GlobeSt.com EXCLUSIVELY.

IRVINE, CA—A low-interest-rate environment typically results in higher—and often inflated—asset values, so some markets across the country are at risk for volatility if interest rates rise, Colliers' Jereme Snyder tells GlobeSt.com EXCLUSIVELY.

NEWPORT BEACH, CA—A new survey from RETS Associates reveals that more than 120 diverse Baby Boomers who work in real estate were more affected by compensation loss than job loss during the recession.

ESCONDIDO, CA—Affirmed Housing Group completes upgrades to Sonoma Court, a 61-unit affordable-housing development here, bringing it to virtually net-zero energy efficiency.

COSTA MESA, CA—After purchasing 1617 Westcliff Dr. here in 2014, Burnham-Ward Properties plans to redevelop it to create a retail and creative-office project for the area, which is undergoing a revitalization effort.

WEST ANAHEIM, CA—Intercontinental Real Estate Corp. and MG Properties Group acquire the multifamily property, the largest single property by number of units to be purchased in Southern California since 2013, GlobeSt.com learns EXCLUSIVELY.

SAN DIEGO—Wakeland Housing's largest project to date, the firm has been working on it for six years, before and after the redevelopment agencies' dissolution, president and CEO Ken Sauder tells GlobeSt.com in this UPDATE.