LOS ANGELES—This week, the Fed raised interest rates for the second time this year, moving ahead with their plan to gradually increase rates. The decision left some wondering if the increased rates would slow activity. For now, though, acquisition and disposition activity is strong, and pricing is continuing to move up. We saw a handful of significant transactions throughout the Southwest close this week, and new development projects in the region also remain strong. Additionally, a new report showed that there new job creation also remains healthy. Here’s a look at this week’s trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

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