LOS ANGELES--Fannie Mae and California strike a deal to save thousands of subsidized apartments from converting to market rental rates.

LOS ANGELES-Developers Diversified Realty gets OK to demolish an aging mall and build a $65-million retail complex, hotel and 328 housing units.

LOS ANGELES-CalPERS, the State's employee pension fund, is investing $125 Mil with a local investment management group to fund urban redevelopment projects throughout the CA.

ORANGE COUNTY, CA-The 236,000-sf office tower in Costa Mesa is offered at about $60 million, but some prospects are staying away because tenants in the turbulent dot-com industry occupy so much of its space.

LOS ANGELES--Parkside Medical Center in Santa Monica is acquired by a local group of investors.

ORANGE COUNTY,CA--Partnership buys 5.3-acre parcel in OC's hot Airport Area and plans 101,000 sf of for-sale industrial buildings.

LOS ANGELES--The Ohio-based real estate investment giant purchases about 80% of 551,847-sf Manhattan Village shopping development in Manhattan Beach.

LOS ANGELES--Partnership buys 5.3-acre parcel in OC's hot Airport Area and plans 101,000 sf of for-sale industrial buildings.