West

Magma Equities recently completed a condominium conversion of the Slater, including five homes permanently designated as affordable housing for residents earning less than 80% of the area's median income.

The multifamily investment market in Orange County is transitioning into a neutral market between buyers and sellers.

These transactions are particularly popular for retailers looking to unlock capital tied up in real estate as an alternative to financing.

The respective properties were acquired through a newly formed joint venture among a wholly-owned subsidiary of Summit, a real estate holding company, and a global institutional asset management firm. The properties will be leased back to the seller on a triple-net basis.

Los Angeles hotels are in for another strong year of occupancy and rate gains, with revPAR expected to outpace the national rate.

The two companies reported this morning the transaction has been unanimously approved by the boards of directors of both companies. Mark Gibson, CEO of HFF, will join JLL as CEO, Capital Markets,