LOS ANGELES—Private investor Kambiz Hakim acquires the 48-unit complex in the Hollywood Hills for the value-add opportunity, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—A local investor buys a 36-unit, 90%-occupied apartment complex with plans to reposition the property into a mixed-use complex, in a transaction that closed in 17 days.

BURBANK, CA—Tourmaline Capital acquires Plaza del Sol, a 166,216-square-foot shopping center anchored by a grocery store, from an affiliate of Barco Real Estate Management.

VALENCIA, CA—The two hotel properties are a 118-room Holiday Inn Express and a 120-room Best Western, which sold for a total of $21 million.

LOS ANGELES—CaRE EB-5 Regional Center and NMS Capital partner to serve as the financial advisor for the development of the four-story, 200-room extended-stay hotel.

LOS ANGELES—The investment manager hires Crane as director of the west coast acquisitions group in Los Angeles, which he will co-head with director Dean Rostovsky.

SANTA BARBARA, CA—Yardi clients can now purchase thousands of Home Depot products and services through Yardi's Procure to Pay platform, a payment and invoice processing service.

LOS ANGELES—A local investor secured a $12 million permanent loan through the life company to refinance a 142-unit gated apartment complex in Westlake Village.