TEMPLE CITY, CA—The Olson Co. acquires an irregularly shaped parcel of industrial land with plans to build 74 homes, changing the zoning from industrial to residential.

LOS ANGELES—TruAmerica hires four staff members to its asset management and acquisitions teams in the firm's Los Angeles and Newport Beach offices.

LOS ANGELES—Crowdfunding platform Realty Mogul adds the Hard Rock Hotel Palm Springs to its inventory of available assets, the first hotel to be offered for investment by a crowdfunding platform.

LOS ANGELES—Two Southern California triple-net lease assets in Santa Barbara, CA, and Pasadena, CA trade hands for a combined $32 million.

POMONA, CA—A joint venture between Lincoln Property Co. and Morgan Stanley Real Estate Fund sells the 134,500-square-foot Hamilton Sundstrand building in Pomona's Aerospace corridor, GlobeSt.com reports <b>EXCLUSIVELY</b>.

NORTHRIDGE, CA—A private investor secures a $32-million loan through a life company to refinance the 447-unit Park Parthenia Apartments.

LOS ANGELES—Waterbridge Capital agrees to acquire the 1-million-square-foot Broadway Trade Center in Downtown Los Angeles with plans to convert the historic building into a mixed-use complex.

LOS ANGELES—Brian Somoza, JLL's new managing director focusing on the sales and acquisitions of self-storage properties, talks about why the self-storage sector is outperforming other class assets in this <b>EXCLUSIVE</b> Q&amp;A.