SAN DIEGO—Meridian Capital provided funding for The Festival Companies to purchase the busy shopping center near Qualcomm offices.

IRVINE, CA—Firm's chief economist says increases in RevPAR expected for at least three years.

BRECKENRIDGE, CO—Joint Venture partners have broken ground on a custom Residence Inn by Marriott in central location.

SALT LAKE CITY, UTAH—Owner/manager Maier Siegel Baber of San Francisco plans to make major exterior and interior improvements to 24-story tower, to achieve class A status.

HUNTINGTON BEACH, CA—Family-owned Huntington by the Sea includes a premier mobile home community, and a separate RV park.

TEMECULA, CA—Colliers has set an August 31 deadline for initial bids on about 241,000 square feet of the 1989 retail center.

TEL-AVIV, Israel—Adi Jemini will become CFO in April 2016, as Gil Kotler is stepping down as the firm's EVP and CFO after 18 years.

HONOLULU, HI—R.D. Olson had planned a 150-room Marriott Residence Inn which would have been the first limited-service hotel in Kapolei.