Los Angeles

LOS ANGELES-Developer JMB Realty Corp. begins long-awaited Westside project after signing $500-million lease with entertainment conglomerate MGM. Brokers tell GlobeSt.com another big lease deal is in the works that could guarantee more than 80% of 34-story tower will be rented when in opens in 2003.

LOS ANGELES-Brokers tell GlobeSt.com that group advised by J.P. Morgan Chase is offering more than $240 million for the landmark Santa Monica office complex. Owner confirms interest from several parties, but wants to keep options open.

LOS ANGELES-German firm takes 110,000 sf at Watson Corporate Center in Carson. The firm is locating its local headquarters there.

LOS ANGELES-Hotel giant signs sweeping affiliation agreement with Mexican chain, one of Hilton's most ambitious steps yet to expand into the lucrative market.

LOS ANGELES-The Beverly Hills-based group adds 59-unit complex on Cloverdale Avenue to its portfolio of investments.

LOS ANGELES-The two dot-coms will jointly offer 'fast-track' commercial sales and loan closings over the Internet.