LOS ANGELES-NorthMarq executive Michael Elmore says recent remarks from Federal Reserve chairman Ben Bernanke are already affecting Southern California deals.

POMONA, CA-Seventh Street Development has purchased a 22.5-acre land parcel. It will be used for the final phase of development in the Mission 71 Business Park.

LOS ANGELES-Kennedy Wilson has closed its Kennedy Wilson Real Estate Fund IV, with capital commitments of $303 million. The fund will invest in offices, retail, multifamily and residential.

LOS ANGELES-A West side and downtown rent gap is widening. But it is not near levels that might signal the start of another recession, according to a report from Jones Lang LaSalle.

LOS ANGELES-DTZ has made four new hires as it continues to expand its Global Corporate Services Americas Group.

LOS ANGELES-The new Tom Bradley International Terminal at Los Angeles airport is unveiled with a gala VIP reception tonight and a public open house this weekend.

RANCHO PALOS VERDES, CA-The Terraces, a 172,803-square-foot community shopping center, has been sold for $37 million.

LONG BEACH, CA-The Harbor Commissioners for the port of Long Beach have submitted a budget that anticipates record operating revenue. They also asked for a 6% raise in capital spending.