SCHAUMBURG, IL - Manulife commits to expansion of office park

LOS ANGELES-Blum Capital Partners and an investor group that includes CB Richard Ellis CEO Ray Wirta, other company officials and Freeman Spogli & Co. have offered $15.50 per share for the outstanding common stock.

FT. WORTH-The 20-year-old firm is naming a new president and making plans to open offices outside Texas for the first time. Other plans call for developing client-driven strategic partnerships and beefing up the brokerage and management staff.

SAN FRANCISCO-Seemingly approved Tuesday night, Proposition L, which extends and toughens office development restrictions, is now being defeated by 938 votes, with 10,000 left to count. A preliminary final result is expected by mid-week.