LOS ANGELES-Commercial real estate investors from Wall Street to Pacific Coast Highway cheer the Federal Reserve's surprise rate-reduction. Tenants will enjoy the benefits first but owners will eventually reap their share too, experts tell GlobeSt.com.

LOS ANGELES-Investment Development Services Inc. is ready to lease space in its new 110,970-sf distribution complex in the southeast portion of the county.

LOS ANGELES-Wisconsin-based department store giant could open as many as 35 stores in Southern California over the next two years, sources tell GlobeSt.com.

LOS ANGELES-A $17.5-million sale in Long Beach portends another banner year for the region's multifamily segment, where vacancies are already at record lows in some counties and rents are rising at double-digit rates.

LOS ANGELES-Natural-gas suppliers are refusing to sell gas to utility giant Pacific Gas & Electric, putting California's energy crisis on the brink of disaster.

LOS ANGELES-An Inglewood church today said it has agreed to pay $22.5 million for the Great Western Forum, the hallowed home of a half-dozen championship basketball teams lead by LA Laker greats Jerry West, Kareem Abdul-Jabbar and Earvin (Magic) Johnson.

LOS ANGELES-Hotel owners and investors in Southern California are expected to enjoy another round of solid gains next year, as strength in both tourism and business travel push occupancy levels and room rates higher. Renovations should boom in LA, while Orange County bets big on Disney's new theme park.

LOS ANGELES-Government officials move in on Rotary Rocket Co., the Mojave-based firm partially financed by novelist Tom Clancy that is trying to build a reusable spaceship, after the company failed to pay its property taxes.