LOS ANGELES—Los Angeles continues to by on of the brightest stars in the Norwest market. According to a recent report, L.A. has a solid outlook. The deals this week, however, were from all over. Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

BY THE NUMBERS

LOS ANGELES—Growing labor market and constrained development is boosting retail prospects. Amid consistent job growth in the Los Angeles metro, particularly in the hospitality and healthcare sectors, household formation is rising. As a result of the vast improvement since the recession, the labor market has spurred strong demand for housing and the associated retail goods. Despite rising household formation, development has remained fairly benign, supporting a tightening trend in vacancy. Asking rents have also risen, pushing the average per square foot to nearly $30 metrowide. Meanwhile, premier spaces will lease for prices far exceeding the metro base line, underscoring the wide disparity between submarkets. Small uptick in development led by Ikea in San Fernando Valley. While operations have improved substantially over the course of the cycle, limited construction has focused primarily on single-tenant concepts and spaces. The largest completion scheduled for 2017, an Ikea in Burbank accounts for roughly 40 percent of the 1.2 million square feet expected to be delivered this year. Metrowide, construction remains in line with prior years of the current business cycle. Net absorption turned negative in the first quarter metrowide, although the market remains tight and rents are still rising.