LOS ANGELES-The financial-services giant will keep its 65,000 sf of office space in Downtown's MCI Center. The five-year deal is the latest in a string of transactions that has pushed CBD vacancy rates to a 10-year low.

GLENDALE, CA-Arthur J. Gallagher & Co. signs 15-year deal valued at more than $12 million for 45,000 sf of office space at 505 N. Brand office complex. Investment arm of CB Richard Ellis acquired the building for $55 million last year.

ANAHEIM, CA-Standard & Poor's says sudden drop in travel to this tourism Mecca could jeopardize the city's ability to pay municipal bondholders. Move is latest sign that impact of last month's terrorist attacks is rippling across nation's economy.

SUN VALLEY, CA-Entertainment Lighting Services acquires a 69,582-sf building and an adjacent parcel, with plans to relocate here in the first half of next year. The property is in the 11400 block of Sheldon Street.

DANA POINT, CA-The swank hotel will make its case for nearly doubling the size of its beachfront patio and to operate a shuttle service to transport guests. Some homeowners and environmentalists oppose the plans.

LOS ANGELES-The CBD's vacancy factor has dropped to 15.8% from 17% at mid-year, C&W says, as low rates continue to lure price-conscious tenants. Vacancies on tech-heavy Westside surge.

LOS ANGELES-Johnson Development, the real estate and investment company run by sports legend Earvin 'Magic' Johnson, buys 47-store Fatburger chain and announces ambitious expansion plans.

RANCHO PALOS VERDES-Crest Road Homes pays private group $8.2 million for 5.3-acre retail project in this Peninsula community. About 53,000 sf will be demolished to make way for 34 houses.