LOS ANGELES-In an <b>UPDATE</b> to our earlier story on the Macy's Plaza sale to the Ratkovich Co. for $241 million, Ratkovich Co. president/CEO Wayne Ratkovich talks with GlobeSt.com about his vision for the property and the city.

LOS ANGELES-Fashion brands Splended and Ella Moss have a new corporate headquarters at Alameda Square in downtown. The CEO of EVOQ Properties promises more new tenants arriving soon.

LOS ANGELES-The dowdy Macy's Plaza has been purchased for $241 million by the Ratkovich Co. and will be renamed "the Bloc." A complete makeover starts in 2014.

LOS ANGELES-The final day of the NAIOP I.con: The Industrial Conference saw discussions about ports, infill development, business cycles and a shark attack.

LOS ANGELES-NAIOP's I.con: The Industrial Conference had a busy first day, with panelists offering up optimistic views tempered by cautions.

RANCHO PALOS VERDES, CA-The refinancing of the 520-room Terranea Resort wipes away previous mortgages.

LOS ANGELES-The Jones Lang LaSalle Retail Outlook Report says the Los Angeles market faces a slow, drawn-out recovery.

LOS ANGELES-UCLA Anderson School of Management has a gloomy forecast for the national economy. But it finds some hope in housing starts and California's economy.