LOS ANGELES—Townscape Partners hires the world-renowned architect to design a mixed-use multifamily project on the Sunset Strip, adjacent to the Chateau Marmont.

MALIBU, CA—In a 1031 exchange, the Mani brothers purchase the iconic 47-room property for $1.7 million per room, one of the highest sales prices of any hotel in the country.

BEVERLY HILLS, CA—The developer files entitlements for 333 La Cienega, a 154-unit mixed-use property on the border of Beverly Hills and adjacent to its highly popular property 8500 Burton Way.

LOS ANGELES—According to an NAA Study, the apartment industry contributes major funds and jobs—as many as 534,900—to the L.A. economy in 2013.

LOS ANGELES—In this <b>EXCLUSIVE</b> interview, Kilroy Realty's Robert Paratte talks about the redevelopment market and what trends are attracting office tenants.

SANTA MONICA, CA—An investor buys a rare generational asset on Second St. in Santa Monica, with plans to renovate and reposition the asset to collect market rents.

CULVER CITY, CA—The newly completed Mahdesian Learning Center &amp; Client Innovation Hub is the first in Culver City to earn a LEED-New Construction Platinum certification.

LOS ANGELES—A local developer buys a three-building parcel in North Hollywood with plans to build a 70-room boutique hotel, which will break ground later this year.