A study by Jones Lang LaSalle forecasts robust transaction activity in the L.A. market during the second half of 2013. John Strauss, a managing director at Jones Lang LaSalle, said hotel sales during the first half weakened on investors' caution over the fiscal cliff. "We are likely to see sizable trades in the second half in the luxury and upper-upscale markets and in notable submarkets within L.A. County, such as the Sunset Strip corridor and the South Bay area of the county," Strauss said.

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