“This deal is the centerpiece of a carefully developed strategy,” says John Busi, president of NKF's Valuation & Advisory practice.

The pocket of West L.A. north of LAX and south of Venice is rapidly improving with shifting demographics, making it the perfect spot for big hotel investment.

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

Inflation seems to be mystifying the Fed and economists, but in my view it is because this is one of the rare times that the entire paradigm has changed.…