IOV remains in acquisition mode, seeking to acquire $100 million in assets over the next 12 to 24 months—with a five-year plan to amass more than $500 million in product type.

Multifamily and retail lead activity has rebounded in Downtown Los Angeles, and they are fueling the next phase of the renaissance.

Brookfield Property Partners and Fairfield committed $330 million to the fund.

Donovan left Cushman & Wakefield where he was a vice chairman, investment sales, focusing on Queens.