LOS ANGELES-A private family trust has paid $13.5 million for a 4.9-acre parcel in the South Bay and could build up to 58,000 sf of retail on the site.

IRVINE, CA-A locally based investment group acquires the 341,000-sf Moreno Valley Plaza.

LOS ANGELES-The giant developer won't identify buyer of the combined 924 units in Santa Clarita Valley, other than to say it is a real estate investment trust.

LOS ANGELES-Office markets here and in other parts of Southland are expected to enjoy modest but uneven gains next year, despite weakness in the dot-com sector and an overall slowing of the economy.

LOS ANGELES-With some utility companies considering rationing supply this long holiday weekend, millions of California commercial and residential property owners face the possibility of energy blackouts. Meanwhile, Standard & Poor's may lower their credit ratings, compounding the problem.

LOS ANGELES-Minnesota Public Radio, host to the popular Prairie Home Companion show that satirizes life in the mythical town of Lake Wobegon, signs a 10-year lease for $3.5 million in the CBD's Figueroa Courtyard office complex.

LOS ANGELES-Private group acquires 284,000-sf Montebello facility.

LOS ANGELES-Experts say Southern California's multifamily market should get even stronger next year, despite solid gains in construction and a widely anticipated economic slowdown.