LOS ANGELES—Waterbridge Capital secures the first tranche of a $140 million loan to purchase the 1-million-square-foot building, which will be repositioned into creative office space.

LOS ANGELES—Tishman Speyer acquires the 17-story, 237,000-square-foot office building for an estimated $122 million with plans to perform extensive renovations to the building's infrastructure.

LOS ANGELES—In this <b>EXCLUSIVE</b> interview, Brookfield Residential's Alison Banks talks about how the Silicon Beach tech boom is fueling rapid growth in the South Bay market.

LOS ANGELES—Kennedy Wilson's Fred Cordova tells reporter Kelsi Maree Borland that multifamily development trends, specifically micro units, are driving activity in the self-storage market, in this <b>UPDATE</b> to a previous story.

PASADENA, CA—The Swig Co. acquires the historic 1922 72,500-square-foot office building, formerly occupied by Royal Laundry Co. and currently occupied by the Disney Store's western regional headquarters, from Karlin Real Estate.

WOODLAND HILLS, CA—An institutional multifamily investor acquires the 298-unit luxury multifamily property from Wood Partners because of the high demand for luxury rental units in the submarket, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—Storage Etc. Development LLC acquires the three-property portfolio in Los Angeles and Riverside from the AMS Group for $16.4 million, GlobeSt.com reports <b>EXCLUSIVELY</b>.

LOS ANGELES—Called HQ Creative Space, the new group will oversee management and development of the group's 10-building, 120,000-square-foot creative office portfolio.