LOS ANGELES—Nadine Watt, president of Watt Cos., will succeed Jacob Lipa as a chair on the Los Angeles Business Council, becoming the first woman to hold a seat on the board.

LOS ANGELES—The Garfield Building, a 12-story art deco building on the National Register of Historic Places, has come to the market, representing one of the last remaining historic adaptive reuse opportunities in the downtown market, GlobeSt.com reports EXCLUSIVELY.

BEVERLY HILLS—In its first SoCal retail investment, the firm purchases a fully leased 14,000-square-foot retail property in Beverly Hills' Golden Triangle for $40 million.

LOS ANGELES—The developer is bringing its Park Fifth development to the market to look for a joint venture capital partner or to presell the would-be property before it breaks ground later this year.

DOWNEY, CA—The Bascom Group buys a 112-unit apartment complex in the submarket, saying that it offers everything from great job centers to proximity to the cultural centers of both L.A. and O.C.

EL SEGUNDO, CA—Montana Avenue Capital Partners sells the Station, a 53,778-square-foot creative office property, for $31 million, or $580 per square foot—80% more than the last highest comp in the market.

LOS ANGELES—Although many lenders have been increasing leverage and offering concessions to stay competitive, Sagiv Rosano of Rosano Partners says that they are still adhering to core fundamentals.

MORENO VALLEY, CA—Proving that value-add multifamily is experiencing its moment this cycle, the sale of the Broadstone Overlook attracted attention from 160 buyers before private investor MJW Properties won the bid.