LOS ANGELES-Commercial Brokers International (CBI) has launched a new national hospitality division, embracing restaurants, nightclubs, motels, boutique/budget hotels and other properties.

SAN PEDRO, CA.-The Port of Los Angeles has completed what some term its most important infrastructure project, a 10-year, $370 million deepening of its main navigational channel and turning basins.

LOS ANGELES-Two west side office properties are sold for over $34 million by Madison Partners.

LOS ANGELES-Bofi Federal Bank has closed its biggest deal ever. Bofi is backing an $11-million 160-unit multifamily building in the San Fernando Valley.

LOS ANGELES-The tight multifamily property market here may be overheating, says Danny Monempour, the president of Monem Corp. But there are still deals to be had.

LOS ANGELES-Darren Shibuya joins DTZ Group as SVP. The addition continues firms hiring of key executives for its executive management team.

LOS ANGELES-DoubleTree by Hilton takes over Courtyard Marina del Rey. The hotel's rebrand marks a key step in its $7-million property transformation.

LOS ANGELES-Veteran real estate executive Scott Meredith has joined Johnson Capital as a Sr. VP handling debt and equity financing. He will be based in the Century City office.