Rising vacancy, decreasing rents and significant concessions have all been characteristics of the post-pandemic office sector in Los Angeles.

While construction has technically been underway since 2020 to convert the former Sears building in Marketplace Mall to an ambulatory surgery center, this marks the start of the project's four-story outpatient clinical tower.

REIT returns ended last week down nearly a half a percentage point, underperforming the S&P 500, according to a new report from BTIG.

U.S. gateway market leases are expected to take 15% longer than non-gateway markets to materialize.