LOS ANGELES—Westwood Financial has added Stuart Brackenridge, Senior Vice President of Acquisitions, to its executive team. Prior to Westwood, Brackenridge served roles in both Acquisitions and Development at Regency Centers for 20 years, where he was responsible for sourcing, underwriting and closing core grocery-anchored retail centers across the country. He graduated from the University of North Texas with a degree in Management and holds an MBA in Real Estate from Texas A&M University. Brackenridge will divide his time between Westwood's Dallas and Los Angeles offices, but will be based in Dallas, Texas.

DEALTRACKER

SOUTHWEST—Montecito Medical Real Estate has acquired the 105,592-square foot Ogden Clinic Portfolio. Ogden Clinic is a dominant multi-specialty provider in the Southwest Mountain region. The Class-A portfolio is comprised of four properties, which are 100% occupied and feature extensive build-outs to accommodate the wide range of specialty practices, including urgent care and radiology. The Ogden Clinic portfolio is the 12th medical office building that Montecito has acquired year-to-date and the 89th medical office building since inception, representing more than $1.5 billion and 4.5 million square feet.

PHOENIX—Virtua Partners has received zoning approval for a residential infill project, Bennett Meadows, located at Sarival Avenue and Harrison Street in the City of Goodyear. With plans to break ground in mid 2018, the development was rezoned from R1-10 to R1-6 and will consist of 90 residential lots on approximately 28 acres. Virtua is processing the preliminary plat through the City of Goodyear with expectations to have pre-plat approval within 90 days and final plat approval 6 months later.

PHOENIX—1221 Broadway, a 194-unit luxury multifamily asset in Tempe, Arizona, has traded hands between a joint venture between Trinsic Residential Company and CNL Growth Properties and Brass Enterprises. EVP John Cunningham and Charles Steele led the JLL team on the sale. The community is surrounded by several major corporate developments. North Tempe is home to nearly 12 million square feet of office space, along with the campus of Arizona State University, which has an enrollment of nearly 52,000 students. The property is also encircled by four major freeways and a nearby METRO Light Rail station.

LOS ANGELES—Lion Real Estate Group has sold Kingsley Tower, a 45-unit apartment building located at 530 S. Kingsley Drive in the Koreatown submarket of Los Angeles, California, to Prana Investments for $8.7 million. Lion Real Estate Group acquired the property for approximately $4.2 million in 2012. Following the acquisition, the company renovated the property which included adding refinished hardwood flooring, exposed brick walls, new appliances, granite countertops, designer light fixtures, ceiling fans, and pedestal sinks, among other improvements. Darin Beebower of Madison Partners represented Lion Real Estate Group in the sale. Prana Investments represented itself.

LOS ANGELES—HFF has arranged a $60 million refinancing for bLAckwelder, a 157,560-square-foot creative office campus located at the intersection of Fairfax Avenue and La Cienega Boulevard, adjacent to Culver City, in Los Angeles, California. Renovated in phases beginning in 2007, bLAckwelder is regarded as one of the premier, authentic creative office projects in Los Angeles. Consisting of 19 low-rise buildings across more than six acres, the property offers a laid-back, campus environment surrounded by highly desirable locational amenities. The project is home to an array of tenants primarily in the technology, advertising, media and information industries. HFF worked on behalf of the owner, Alcion Ventures, to secure the three-year, floating-rate loan through Heitman LLC. Managing director Mark Wintner led the HFF debt placement team representing the borrower with the assistance of senior managing director Doug Bond.

Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

NEW & NOTABLE

SANTA ANA, CA—Orange Coast Title Company has hired Kent Schmeeckle as VP and senior underwriter. Schmeeckle has been in the title industry since 1974 and has more than 10 years of experience in direct underwriting of insurance. Hw will be part of the company's underwriting team and will work closely with the legal team to validate ownership and the line of the title of a property involved in a purchase transaction or a mortgage refinance.

IRVINE, CA—JLL has hired Wade Tift, Nick Carey and Byron Foss as EVPs. Joining from an international commercial real estate advisory firm, the trio will specialize in working with landlords and tenants on their industrial real estate needs in Orange County. Collectively, the team has completed more than eight million square feet of transactions valued at $600 million since 2009. Tift joins JLL with 17 years of experience in industrial real estate. He holds a bachelor's degree in Sociology with a minor in business from University of California at Los Angeles. Carey joins JLL with 13 years of experience in industrial real estate. He holds a bachelor's degree in Political Science from University of California, Los Angeles and is LEED AP accredited. Foss joins JLL with 11 years of experience in industrial real estate. He earned a bachelor's degree in Psychology from Southern Methodist University and holds the MCR designation from CoreNet Global.

LOS ANGELES—Westwood Financial has added Stuart Brackenridge, Senior Vice President of Acquisitions, to its executive team. Prior to Westwood, Brackenridge served roles in both Acquisitions and Development at Regency Centers for 20 years, where he was responsible for sourcing, underwriting and closing core grocery-anchored retail centers across the country. He graduated from the University of North Texas with a degree in Management and holds an MBA in Real Estate from Texas A&M University. Brackenridge will divide his time between Westwood's Dallas and Los Angeles offices, but will be based in Dallas, Texas.

DEALTRACKER

SOUTHWEST—Montecito Medical Real Estate has acquired the 105,592-square foot Ogden Clinic Portfolio. Ogden Clinic is a dominant multi-specialty provider in the Southwest Mountain region. The Class-A portfolio is comprised of four properties, which are 100% occupied and feature extensive build-outs to accommodate the wide range of specialty practices, including urgent care and radiology. The Ogden Clinic portfolio is the 12th medical office building that Montecito has acquired year-to-date and the 89th medical office building since inception, representing more than $1.5 billion and 4.5 million square feet.

PHOENIX—Virtua Partners has received zoning approval for a residential infill project, Bennett Meadows, located at Sarival Avenue and Harrison Street in the City of Goodyear. With plans to break ground in mid 2018, the development was rezoned from R1-10 to R1-6 and will consist of 90 residential lots on approximately 28 acres. Virtua is processing the preliminary plat through the City of Goodyear with expectations to have pre-plat approval within 90 days and final plat approval 6 months later.

PHOENIX—1221 Broadway, a 194-unit luxury multifamily asset in Tempe, Arizona, has traded hands between a joint venture between Trinsic Residential Company and CNL Growth Properties and Brass Enterprises. EVP John Cunningham and Charles Steele led the JLL team on the sale. The community is surrounded by several major corporate developments. North Tempe is home to nearly 12 million square feet of office space, along with the campus of Arizona State University, which has an enrollment of nearly 52,000 students. The property is also encircled by four major freeways and a nearby METRO Light Rail station.

LOS ANGELES—Lion Real Estate Group has sold Kingsley Tower, a 45-unit apartment building located at 530 S. Kingsley Drive in the Koreatown submarket of Los Angeles, California, to Prana Investments for $8.7 million. Lion Real Estate Group acquired the property for approximately $4.2 million in 2012. Following the acquisition, the company renovated the property which included adding refinished hardwood flooring, exposed brick walls, new appliances, granite countertops, designer light fixtures, ceiling fans, and pedestal sinks, among other improvements. Darin Beebower of Madison Partners represented Lion Real Estate Group in the sale. Prana Investments represented itself.

LOS ANGELES—HFF has arranged a $60 million refinancing for bLAckwelder, a 157,560-square-foot creative office campus located at the intersection of Fairfax Avenue and La Cienega Boulevard, adjacent to Culver City, in Los Angeles, California. Renovated in phases beginning in 2007, bLAckwelder is regarded as one of the premier, authentic creative office projects in Los Angeles. Consisting of 19 low-rise buildings across more than six acres, the property offers a laid-back, campus environment surrounded by highly desirable locational amenities. The project is home to an array of tenants primarily in the technology, advertising, media and information industries. HFF worked on behalf of the owner, Alcion Ventures, to secure the three-year, floating-rate loan through Heitman LLC. Managing director Mark Wintner led the HFF debt placement team representing the borrower with the assistance of senior managing director Doug Bond.