SAN DIEGO-No new construction will help accelerate the region’s post-recession recovery, and with land and construction costs high, once demand returns developers will fall back on more profitable building types, say sources.

LOS ANGELES-The locally based firm, which just purchased a 49-unit multifamily community here, continues be actively looking to acquire more value-add infill product in the L.A. area.

LOS ANGELES-An unidentified source says a CBRE Global Investors fund pays around $238 million for 400 S. Hope St.

BAKERSFIELD, CA-GlobeSt.com exclusively learns that the acquisition is valued at $15 million and brings the firms’ cold storage portfolio to almost half a million square feet.

LAS VEGAS-The acquisition of the 172,328-square-foot industrial business park here from an institutional lender is the firm’s first acquisition in more than five years.

CARLSBAD, CA-The locally-based GLJ development and construction teams’ new focus will be to lead the expansion of TCR’s operations in the West.

SAN BERNARDINO, CA-GlobeSt.com chats with the vice chairman for CBRE about the Inland Empire industrial investment market and some of the drivers for major corporations to come to the area.

DEERFIELD, IL-The 172,000-square-foot building serves as a headquarters location to three of Wells Core Office Income REIT tenants—CF Industries, Lundbeck and Randstad.