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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.

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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