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Employment announcements ruled this week, with several companies announcing promotions and new hires. Savills Studley promoted several professionals to the role of vice chairman in its Downtown and West Los Angeles offices, and Westcore Properties hired Robert Sistek as chief operating officer. Deal activity remained strong, and is expected to continue to be strong through the end of the year, making up for the slow start to the year. Phoenix multifamily transactions continued to be robust, along with major acquisitions in Los Angeles and San Diego. Somewhat surprisingly, new reports have pegged the Inland Empire as the leading multifamily market in terms of occupancy in Southern California, and with limited construction, vacancy rates are expected to stay low in the market. Read on for more information about these deals and the trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

Kelsi Maree Borland

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