Industrial rents are up 50% from the financial crisis lows and vacancy rates have plummeted to sub 1%, and the market shows no signs of slowing down.

Here's a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

Acquisition financing was secured for Valencia Apartment Homes and UMB Bank signed a new lease at 777 Main St. for 12,000 square feet on the fifth floor and an additional 7,000 square feet on the first floor.

While ecommerce isn't the only sector driving the tremendous industrial growth in Southern California, it has irreversibly transformed the market dynamics.