SAN JOSE-A new report by San Jose officials concluded that the current City Hall project at Fourth and Santa Clara streets, first approved in June 1997, remains the best option.

IRVINE, CA-The locally based real estate investment and management company reports a net loss of $2.1 million for the first quarter of this year. It is the company's first full quarter of operations following the October 2001 consolidation of the Nooney and Sierra limited partnerships with American Spectrum Realty Inc.

PHOENIX-Wells Fargo had a few decisions to make about the Kitchell Metro Center along Black Canyon Freeway. In the end, the banker buys a 138,000-sf office building and adjacent lot plus steps up an expansion plan.

LOS ANGELES-The proposed 879 acre City Center Redevelopment Project Area is expected, over its 30 year life, to create up to 12,900 new units of housing--at least a quarter of which would be affordable to low and very low income households--and up to 6.7 million sf of new commercial and industrial development.