LOS ANGELES—CGI Real Estate acquires the Villa Carlotta, a 46,000-square-foot and 50-unit apartment building circa 1926 in Franklin Village for $12.2 million.

LOS ANGELES—J. Fam LLC will use the funds to develop 110 condominium units and 224 single-family detached homes on the fully entailed land, which was originally purchased in 2011.

VENICE, CA—The Lincoln Place Apartment Homes development includes the rehabilitation of 45 buildings and a total of 696 units and the ground-up construction of 99 apartment homes.

LOS ANGELES—Texas-based Alamo Drafthouse Cinema signs a lease for its first West Coast location with the Ratkovich Co.'s $180 million downtown development, the Bloc.

LOS ANGELES—Shenzhen Hazens Real Estate Group Co. buys the Luxe City Center Hotel and two adjacent plots, and renews the hotel lease for five years.

LOS ANGELES—The industrial REIT offers common stock shares with plans to apply the capital gains to repay debts and fund potential acquisition opportunities.

LOS ANGELES—New owners GreenOak Real Estate Advisors and Urban Lifestyle Hotel Group plan a major renovation for the 1925 285-guestroom hotel, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—TCA Architects and Equity Residential begin construction on the Altitude at Howard Hughes Center, a luxury 545-unit multifamily complex scheduled to open in 2016.