MPG Office Trust defaulted on the loan for Two Cal Plaza and filed notices of imminent default on the Wells Fargo, Gas Company and US Bank towers.

Best case 10 years, worse case 15 or 20 years, says the CEO of Hawthorne-based SpaceX.

Well, at least under the current system. An emergency room physician lays out the obvious (but often unappreciated) conflict

In L.A. politics, you're only as good as your lobbyist, and John Ek is a good one.

it's worth remembering that Commissioner Bud Selig had signed off on McCourt's highly leveraged, highly questionable purchase in 2004.

Gas prices increase slowing down, California coffers filling up, American Apparel dodges another bullet, and DWP offers rebate for charging electric cars.

Baseball commissioner Bud Selig was concerned that McCourt would use the money from a 20-year deal with Fox to cover his personal liabilities, not operate the team.

It's bumper to bumper below the LABO perch on Westwood Boulevard.

No need to raise it - just promise to pay off investors first, and after that whatever she and the other nut jobs consider important.

The Maloof family is running into some serious pushback on its planned move to Anaheim.

Here's a very insightful assessment of how our state governance got to be its current dysfunctional self.

Whether a strike actually gets called is another story.

A federal court jury in Santa Ana rejected the toymaker's claims that it owned the idea for the popular Bratz dolls.

Soboroff says McCourt can "pay the piper," Californians rate the economy, state workers didn't repay state loans, and perhaps a new high-rise in Century City.

Steve Soboroff sure didn't. Hired just yesterday as the team's vice chairman, he had told reporters that McCourt's financial situation was a "nonissue,"

*updates at the bottom Wowser -- Commissioner Bud Selig has seized the club from Frank McCourt, announcing that MLB will oversee all aspects of the business and the day-to-day operations of the team. "I have taken this action," Selig said in a statement, "because of my deep concerns regarding the finances and operations of the Dodgers and to protect the best interests of the Club, its great fans and all of Major League Baseball." Selig...

The Dow hit a three-year high, gaining 186 points to close at 12,453.

Is Villaraigosa betting that he can get away with a nip-and-tuck approach to deficit reduction for the remaining two years of his term?

The biggest immediate threat, according to a new report from JPMorgan, would be a run on money market funds.

In the case of the Dodger owner, he just borrows against the team's ticket revenue and other assets.

New rules for airlines, Villaraigosa to release budget, Riordan to endorse Beutner, and proposal to cut welfare costs in L.A. County.

Cuban says he is "just testing the waters" and wouldn't sell "unless the offer is very, very compelling."

His title is vice chairman and it sounds like his marching orders will center on being, well, the anti-McCourt.

Not quite a convenience store and not quite a supermarket, the F&E stores continue to be a headache for its British parent, Tesco.

Not if the filings are down because of various holdups within the mortgage industry.

The state has become too reliant on the personal income tax, and L.A.'s tax holiday for new businesses doesn't help anybody else.

Lots of dealmaking these days involving deep-pocket investors and countless startups.

I've tried to steer clear of his nonsense, but ABC's George Stephanopoulos seems to have made a few dents in the Trump armor.

Hiring day at McDonald's, no budget woes for L.A. County, transit projects threatened by budget cuts, and LAX modernization benefits economy.

Anschutz Entertainment Group will sell a parcel just north of the J.W. Marriott hotel.

We're talking about the Chandler family, former CEO Dennis FitzSimons, and of course hedge funds and money managers.

The greater the demand, the higher the price.

As in 20 or 30 years - or until all city debt related to the project is paid off.

The impact of past oil shocks has been bigger than the numbers alone would suggest.

Before we get too carried away, it's worth remembering what S&P did. The ratings agency lowered its outlook for U.S. debt, not its actual rating.

The pickup is slower than in other parts of Southern California.

The idea is to make the port deep enough for a new generation of larger ships.

Stocks take sharp drop, Socal commercial real estate starts to come back, air fares are on the rise, and downtown stadium deal won't reach council for a year.