BEVERLY HILLS, CA—A 36,000-square-foot development in Beverly Hills secures $23 million, another sign that more and more lenders are looking to finance projects in high barrier-to-entry markets.

LOS ANGELES—The Vines, a 164-unit class-A multifamily complex, trades hands for $55.5 million, or $338,628 per unit, the highest price paid per unit in Ventura County for the past 10 years.

MANHATTAN BEACH, CA—C.W. Driver completes construction of the $19 million Manhattan Beach Library, a LEED-certified project that they helped design and build—a trend that is becoming more common for builders.

LOS ANGELES—The 1Q15 numbers are in, and they show that the office market is the strongest it has been in several years, according to Lee & Associates' CEO Jeff Rinkov.

LOS ANGELES—The investor secures a $49.9 million loan to acquire the 302,628-square-foot office building and perform renovations to the lobby and interior units, GlobeSt.com reports <b>EXCLUSIVELY</b>.

SAN BERNDARDINO, CA—San Bernardino County welcomes 1.2-million square feet of retail development in a total of five projects, with national retailers serving as anchor tenants.

LOS ANGELES—JH Real Estate Partners buys the Hawaiian Gardens Town Center, a 124,645-square-foot grocery-anchored shopping center, for $33 million in a competitive transaction that drew multiple offers.

CHICAGO—The limited supply in the retail market is compressing cap rates and creating a competitive bidding environment, according to InvenTrust Properties' Michael Podboy, who talks about the market and how his firm is staying competitive.