UK's Purplebricks is bringing its flat-rate brokerage concept to Los Angeles, and while the company is currently focused on residential, it believes flat fees are the future of brokerage.

With participants including Brookfield Property Partners along with venture capital firms, the fundraising round is one of the largest to date for real estate owner-specific software.

Lee & Associates net lease experts Ryan Bennett and Ryan Barr explain why high prices are driving investors to look for opportunities in other markets in this EXCLUSIVE video interview.

Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.