LOS ANGELES-The two schools didn't make it to basketball's "Final Four," but they'll compete in NAIOP's annual Real Estate Challenge on Thursday in Long Beach.

LOS ANGELES-Lights may be dimming across Southern California, but the multifamily market keeps shining as a 204-unit apartment property fetches $21.8 million.

LOS ANGELES-Two Los Angeles apartment complexes have received a combined $18.9 million in mortgage financing. Both complexes are 100% leased.

LOS ANGELES-A 10-building, multifamily portfolio in Baldwin Village has been sold to local family trust for $3.4 million. The properties are 97% leased.

LOS ANGELES-An insurance firm will occupy the entire 7,040-sf office component at Studio Plaza, in a lease deal valued at $1.4 million.

LOS ANGELES-Emser Tile takes another 110,960 sf of hard-to-find industrial space off the market in City of Industry, as countywide vacancy factor sinks to a scant 4%.

LOS ANGELES-Mayoral candidates Steve Soboroff and James K. Hahn have turned against the proposed LAX expansion plan, dimming prospects for future development opportunities in the area surrounding one of Los Angeles' largest real estate markets.

LOS ANGELES-Cushman & Wakefield has brought on board Mary A. Marx, a 20-year veteran of commercial real estate, who previously served at Transwestern Commercial Services.