Despite the upcoming holiday, sales velocity did not slow down this week. Investors purchased property across asset classes, including some notable multifamily transactions in the Phoenix market, where investors have been heading to get stronger returns. There were also some notable deals in Los Angeles, including the sale of the DoubleTree in Downtown Los Angeles. 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

BEVERLY HILLS, CA—Taylor Design, McCarthy Building Companies, Inc., SmithGroupJJR, and Los Angeles Department of Public Works received a design excellence award at the 47th Annual Los Angeles Architectural Awards hosted by the Los Angeles Business Council for The Don Knabe Wellness Center & Plaza. A winner in the Healthcare New Construction category, the Don Knabe Wellness Center & Plaza is only the first phase of a $460 million state-of-the-art renovation at Rancho Los Amigos National Rehabilitation Center, one of the nation's top hospitals for rehabilitative medicine. The Rancho Los Amigos community is appreciative of what this wellness center symbolizes — a place where miracles happen and hope is revitalized. Aimed to increase both the patients' and community's accessibility to advanced rehabilitative technologies and wellness practices, this center was recently recognized by state legislators and was officially dedicated and named after Donald R. Knabe, former member of the Los Angeles County Board of Supervisors, Fourth District.