West

OnPoint Development has acquired a 3.8-acre retail development parcel with plans to develop a multi-tenant retail center.

The investor buys the 39,000-square-foot Westport Plaza & Square in Costa Mesa for $18.9 million.

The company acquires five student-housing communities with three joint venture partners.

Through August, industrial investment activity is up 5.5% in the L.A./OC/Inland Empire region.

Plans call for the closure of 178 stores in the US and as many as 350 globally.

The co-working firm tumbled downhill when it filed its IPO form to the Securities and Exchange Commission in August, ensuing a firestorm of criticism and ultimate withdrawal of the filing.

The $400 million mixed-use project will break ground in the spring and deliver in 2021.

The initial focus will be to integrate CareMore's clinical programs and onsite care models at Welltower communities in Los Angeles and Orange County in collaboration with operating partners Belmont Village and SRG Senior Living.