LOS ANGELES—VP Loren Thall tells reporter Kelsi Maree Borland that the firm's new multifamily lending division will target small investors looking for loans of up to $30 million for purchases or refinances.

CITY OF INDUSTRY—AEW Capital Management sold five acres of industrial land to Great Dragon LLC, illustrating that the increasing demand for industrial land is outpacing supply.

LOS ANGELES—Michael Prabhu joins the Cushman as US head of property management, bringing with him 20 years of senior leadership experience at JLL, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—The commercial real estate law firm hires Robert M. Johnson as partner in the new Los Angeles office.

LOS ANGELES—The $21-million, 77,000-square-foot outdoor retail center opens with CVS/pharmacy and Northgate Market as anchor tenants.

ALHAMBRA, CA—The developer plans a mixed-use complex with 260 luxury apartment units and 140,000 square feet of retail on the land plot, which is located on the corner of Main Street and Garfield Avenue.

LOS ANGELES—Western Avenue Capital, owners of the 115,000-square-foot shopping center, secures a 10-year loan to refinance existing short-term debt.

LOS ANGELES—According to a recent CBRE report, technology companies account for 20% of major office leasing activity year-to-date.