BURBANK, CA—CBRE Global Fund buys the Gateway at Burbank, a 74,391-square-foot grocery-anchored shopping center, for the highest price paid for a class-A retail asset since 2007, GlobeSt.com reports in this <b>UPDATE</b> to a previous story.

LOS ANGELES—The Lakers purchase a five-acre land parcel at the Elevon at Campus El Segundo to build a new headquarters facility.

BURBANK, CA—The investor buys the three-building Burbank Collection office property in Downtown Burbank with plans to transform the property into a creative office campus.

LOS ANGELES—Geringer Capital nears completion on a 126,768-square-foot build-to-suit industrial facility, which the company opted to build with an in-place tenant despite the high industrial demand.

LOS ANGELES—The industrial market is incredibly robust, according to Cushman &amp; Wakefield's Jim Carpenter, who is speaking at NAIOPs I.CON event next week.

SANTA BARBARA, CA—Caruso Affiliated names Rosewood Hotels and Resorts as the hotel operator of its Miramar Beach hotel development, which is scheduled to open in 2018.

LOS ANGELES—An industrial investor buys a 115,538-square-foot building with an expiring tenant lease, betting the tenant would renew due to the high demand. It paid off.

LOS ANGELES—Thorofare Capital and DoubleLine Capital form a strategic partnership to underwrite and originate middle-market commercial real estate bridge loans.