LOS ANGELES—At NAIOP's I.CON event last week, industrial leaders discussed the benefits and challenges of industrial development in America's cities.

GARDENA, CA—The homebuilder nears completion on a 60-unit townhome community to provide an alternative housing option for the high demand in and around the South Bay.

ARCADIA, CA—A 16-unit apartment building trades hands for $431,250 per unit, the highest price ever paid in the Arcadia market, GlobeSt.com reports <b>EXCLUSIVELY</b>.

THOUSAND OAKS, CA—A national development firm buys the single-tenant Orchard Supply Hardware retail property for $388 per square foot, one of the highest prices ever paid for a triple-net leased property in Southern California.

EL SEGUNDO, CA—According the City of El Segundo, the newly announced Lakers facility at elevon will have some significant economic benefits, GlobeSt.com reports in this <b>UPDATE</b> to a previous story.

LOS ANGELES—Industrial power players at NAIOP's I.CON event analyzed the first half of the year, saying that in an upward market like this, it is important to maintain discipline.

LOS ANGELES—George Smith Partners completes three construction loans in the Koreatown submarket totaling $30.7 million for one for-rent property and two for-sale condo developments.

REDONDO BEACH, CA—A local investor and developer buys one of the few remaining industrial properties with plans to convert it into a creative office space, and signs a tenant lease during escrow.