NEW YORK CITY-Sources across the country tell GlobeSt.com’s Natalie Dolce, Robert Carr and Jacqueline Hlavenka that Moody’s downgrades of 15 banks and securities firms should not strike a major blow to commercial real estate—but the psychological aspect might.

SAN RAFAEL, CA-The Praedium Group and Empire USA bought the newly constructed 82-unit 33 North out of bankruptcy at a substantial discount to replacement cost.

IRVINE, CA-Along with the promotion of James Wolford, the firm also promotes three other professional including Ryan Lodes, Brian Sidman and Don Ferrari.

ORANGE, CA-GlobeSt.com exclusively learns that court appointed receiver Terri Riker signs JLL to reposition the 65% occupied 20-story City Tower here.

LOS ANGELES-The Sorgente Group of America invests in the 12-story property ‘to conserve the structure and ensure that it remains a cultural landmark.’

I used to think of buying a home as an investment, but I don't see it really paying off financially, so there has to be some other payoff to make it worthwhile.

LOS ANGELES-Although a soft patch is expected to continue, according to a recent Beacon Economics forecast for the region, ‘concerns over another economic dip into recession are overblown.’

LOS ANGELES-Despite the sluggishness, according to UCLA Anderson Forecast’s June 2012 Economic Outlook, data does indicate that the the local market will grow more rapidly than the nation’s in 2013 and 2014.