ROWLAND HEIGHTS, CA—Toronto's Parallax Investment Corp. reveals plans for a 250-room hotel with 100,000-square-feet of retail and restaurant space on the former John Rowland property site.

LOS ANGELES—Commercial builder Bernards promotes former VPs Ron Bernards, Andy Buerk, Dave Cavecche and Jeff M. Bernards to SVPs, positioning the company for future growth.

LOS ANGELES—City leaders at the USC Gould Real Estate Law and Business Forum last week discussed the development possibilities of the 51-mile-long L.A. River.

LOS ANGELES—San Diego-based MG Properties Group purchases the 236-unit Marquee Apartment Homes complex for $27.5 million and assumed the seller's existing loan, GlobeSt.com reports in this <b>EXCLUSIVE</b> story.

SAN PEDRO, CA—The Los Angeles City Council votes unanimously to approve the Ponte Vista development, a 61-acre lifestyle community set on a former Navy housing site with over 600 single and multifamily homes and a public park.

LOS ANGELES—The Roberts Co. acquires Koreatown's 117-unit Esquire apartment complex for $22.7 million, making it the highest comparable in the market area.

LOS ANGELES—A California LLC acquires the 61,895-square-foot hospital for $14.7 million, or $238 per square foot, from a private family trust.

LOS ANGELES—CIM Group and Denihan Hospitality Group plan to build the first ground-up James Hotel in West Los Angeles in 30 years. The two-tower hotel will have 10 stories and 286 guest rooms.