LOS ANGELES—In this <b>UPDATE</b> to a previous story, GlobeSt.com talks to Hudson Pacific about the $89 million sale of the First Financial office property purchased by Douglas Emmett.

PACIFIC PALISADES, CA—Optimus Properties buys the Atrium, a 30,000-square-foot office and retail property out of foreclosure with plans to renovate the exterior and common spaces.

INGLEWOOD, CA—Hollywood Park Land Co., a joint venture between Stockbridge Capital Group and the Kroenke Group, unveil plans for an extended sports and entertainment district at Hollywood Park.

LOS ANGELES—The downtown renaissance continues with Sharp Capital's acquisition of a 92,000-square-foot office building it plans to renovate with updates to the common spaces.

LOS ANGELES—Canfield Development buys three adjacent lots that total 28,000 square feet in the highly sought-after Koreatown market with plans to redevelop the properties.

SANTA CLARITA, CA—The investor buys the 226,000-square-foot Quest Diagnostics lab and office facility from Clarion Partners.

ENCINO, CA—Douglas Emmett plans to spend $89 million, or $397 per square foot, on a 224,000-square-foot for a class-A multi-tenant office property.

LOS ANGELES—An investor sweeps up another multifamily property in Koreatown; this one is a six-story, 55-unit rent control building that is 100% occupied.