LOS ANGELES—Wood Partners saw tremendous interest in the $200-million sale of its 8th &amp; Hope Property, receiving 6 offers from institutional buyers, GlobeSt.com reports in this <b>UPDATE</b> to a previous story.

LOS ANGELES—After being named CEO last year, Michael Burke sinks into the chairman of the board's seat, following the retirement of John M. Dionisio.

SANTA MONICA, CA—Acting as a sponsor for an unnamed investor, Optimus Properties purchased a 25-unit apartment complex in a highly desirable Santa Monica submarket for $15.56 million.

SANTA FE SPRINGS, CA—A logistics company signs the major lease at a class-B warehouse space in the already tight Mid-Counties market, which has a 3.1% vacancy rate.

LOS ANGELES—Eighth &amp; Grand, the long-awaited Whole Foods anchored mixed-use project in Downtown Los Angeles from developer Carmel Partners, is set to open this summer.

LOS ANGELES—A joint venture between Mack Urban AECOM and Capri Capital Partners breaks ground on a 362-unit mixed-use complex in Downtown Los Angeles.

LOS ANGELES—StarPoint Properties secures a loan through Freddie Mac's CME program, locking in a rate in July with a delayed close, GlobeSt.com reports in this <b>UPDATE</b> to a previous story.

LOS ANGELES—Elite Real Estate secures $21 million in financing to develop an 80,000-square-foot apartment complex, the largest built in the upscale submarket in more than a decade.