Scott Muldavin, chair of the Counselors of Real Estate, cites the impact on sectors ranging from retail to development and construction that a proposal to sharply curtail the annual number of legal entrants would have.

The successful class-A high-rise market is attracting entertainment and media tenants to traditional spaces.

Here's a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

L&L announced it has become an equity partner in the project that involves the restoration and elevation of the historic Palace Theatre, a new 700-rom hotel as well as retail space.