LOS ANGELES—Xudong An, visiting scholar at the UCLA Ziman Center for Real Estate, finds that the conventional method of calculating rent growth inflates the results and that rent growth is actually much lower than perceived, GlobeSt.com reports <b>EXCLUSIVELY</b>.

SHERMAN OAKS, CA—The Festival Cos. of Los Angeles buys the shopping center for $16.8 million, the center's first new owner since the center was built in 1960.

NORTHRIDGE, CA—Index Investors secures a refinance loan with a low fixed interest rate near 4% for its rare 40-unit, townhouse-style multifamily complex.

LOS ANGELES—The Magellan Group acquires one of the largest entitled land parcels for $20 million with plans to build a 500,000-square-foot, five-building industrial development.

OXNARD, CA—Brighton Management acquires the 95-room, waterfront hotel from Harbor Hospitality II LLC, the company's fourth Ventura County hotel acquisition in two years.

PLAYA VISTA, CA—An affiliate Brookfield Office Properties sells the Shops at Concert Park, a 100% leased retail portfolio, for nearly $17 million with $10.8 million financed through a CMBS loan, GlobeSt.com reports in this <b>EXCLUSIVE</b> story.

LOS ANGELES—The L.A. County Board of supervisors votes to enable a program that gives financing for energy- and water-efficient renovations to homeowners in 42 cities.

LOS ANGELES—In this <b>UPDATE</b> to a previous story, Jodi Meade, Avison Young's newest principal and director of the automotive properties group, talks about the niche sector's potential and trends in this Q&amp;A.