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.

NEW YORK CITY-As corporate cutbacks are announced across the country, both the city and executives in the real estate industry indicate the bearing on the local economy will be slim to none.

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.

BOSTON-James Rooney is appointed director of development and capital projects for the proposed convention center here in South Boston. He replaces Walter Upton who was recently criticized for mismanaging the project.