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New development and redevelopment starts had significant activity. The Phoenix market had two multifamily development and redevelopment projects, adding to the tremendous uptick in activity that the market has seen. Southern California also saw good development activity this week, with the start of an office project in Newport Beach and the completion of a housing community in San Diego. In terms of sales activity, Phoenix didn’t show has much activity as it has in the last few weeks, and little was reported from the secondary Southwest markets. Southern California, however, saw tremendous activity, with several trades across property types in Los Angeles and Orange County. Employment activity also saw a boost this month. Several firms made new hire announcements in Southern California and Phoenix markets. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

NEW & NOTABLE LOS ANGELES—Allen Matkins has hired real estate finance partner Marc D. Young to its Los Angeles office. Young has experience in a broad range of complex real estate transactions, and has a particular emphasis on real estate finance, joint ventures, and restructurings. He joins Allen Matkins after serving as the chair of Morrison & Foerster’s global Real Estate Group for over 10 years.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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