SAN BERNARDINO, CA-A partnership of local officials and Hillwood Investments says retail giant Kohl's will build a $25-million distribution center on the former Norton AF base. The deal is the first major step in efforts to convert the base into an economic engine.

LOS ANGELES-Jeffer, Mangels will leave "trophy" Fox Plaza for 90,000 sf at Divco West's 1900 Avenue of the Stars building. Though deal is one of Century City's largest this year, it also reflects efforts by tenants to cut their rental expense.

WESTLAKE VILLAGE, CA-Chief Financial Officer Joseph Shew resigns from the ailing company, once a darling of the dot-com real estate stocks. The firm is facing fourth-quarter charge that could reach $950 million.

LOS ANGELES-Retail property investors here and across the US are trying to figure out whether prices are poised for an increase or will keep dropping further. The mixed bag of holiday sales reports from chains and independent operators doesn't help.

LONG BEACH, CA-The private Reiman Family Trust acquires 26,388-sf low-rise here from B.H. Properties, as small buyers remain active in the market while most institutional investors sit on the sidelines.

LOS ANGELES-Retail property investors here and across the US are trying to figure out whether prices are poised for an increase or will keep dropping further. The mixed bag of holiday sales reports from chains and independent operators doesn't help.

LOS ANGELES-Drinker, Biddle & Reath takes over 13,675 sf of Downtown office space that was formerly occupied by Germany's Dresdner Bank AG. Sublease activity is on the rise, one brokerage study says, as softer economy prompts more tenants to look for ways to reduce overhead.

LOS ANGELES-Still thirsty for US properties, the domestic arm of Australia's Westfield Holdings Ltd. acquires 9.7 million sf of retail in six states from Cleveland-based Jacobs Group. The largest property involved is a 1.35-million-sf mall near Cleveland, OH.