LOS ANGELES—In this <b>EXCLUSIVE</b> video interview, ABI Multifamily's John Kobierowski talks about the multifamily market in Phoenix, AZ, and what is driving the market down there.

PLAYA VISTA, CA—DivcoWest forms a joint venture with Maguire Investments to own Water's Edge, a two-building class-A office property in Playa Vista, and plans to build a third building to take advantage of growing demand.

PACIFIC PALISADES, CA—The mixed-use retail developer acquires the 49,000-square-foot retail center from a consortium of trustees and private individuals with plans to redevelop the property.

LOS ANGELES—The largest retail real estate advisory firm on the East Coast opens its first West Coast office in Santa Barbara, and brings in Mike Hieshima and Philip Kyle to lead the new group.

LOS ANGELES—Hong Kong-based investor LT Global buys the 120,598-square-foot retail center, which is anchored by a Marukai Market and 24 Hour Fitness, at a 6.8% cap rate.

LOS ANGELES—Despite a CMBS loan deficiency the sale of the 100% leased shopping center generated 10 offers, selling to a 1031 exchange buyer for $13.4 million, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—McCarthy Building Cos. completes the Lundquist Tower at Torrance Memorial four months ahead of schedule and $10 million under budget.

LOS ANGELES—In this <b>EXCLUSIVE</b> video interview, Allen Matkins' John C. Condas talks about the legal regulations multifamily developers and investors are facing.