Middle Market Digest: This Week in Southwest

With the end of the year just around the corner, many are hurrying to complete transactions. This week, while activity seemed slower, there were many significant transactions to report. Southern California regions of San Diego, Orange County and Los Angeles accounted for the bulk of the activity. Apartment deals—as expected—dominated. Phoenix also posted a handful of transactions, with the most significant a $23 million apartment deal and a $33 million apartment deal. Additionally, employment news seemed to pick up this week, with several new hire and promotion announcements throughout the Southwest market. 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

ONTARIO, CA—Bob Woods has joined Kidder Mathews‘ Inland Empire office as a SVP, specializing in industrial properties. Woods has been in the commercial real estate industry for over 26 years. Prior to joining Kidder Mathews, he was with Voit Real Estate. Clients he has represented include Prologis, American Realty Advisors, Hyundai Motors, and Shell Oil Company.