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The office market in Phoenix has leveled out. In the third quarter, the market performance was flat with sales down 3%. The market still saw acquisition activity, including a $148 million apartment acquisition from the Bascom Group. Los Angeles continued to see substantial deal flow as well, including the completion of financing deals. The deals took place across asset classes. Los Angeles also saw a new ground breaking announcement for The Culver Steps. The two markets dominated deal activity for the week, which has been an ongoing trend for the last several weeks. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.


Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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