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Despite the steep stock market drop this week, deal closings remain strong across asset classes. Multifamily sales dominated this week, providing evidence that the asset class will be favored again in 2018. Some of the highlights include a $27 million sale from TruAmerica in Moreno Valley, the sale of a $45 million apartment building in Chatsworth and a $16 million apartment community in Phoenix. Fourth quarter reports also continued to trail in, showing a strong Phoenix market. The retail sector this week is being highlight, posting gains for the fourth quarter. 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

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