Landmark Century Plaza hotel to be sold to real estate investment group (SanLuisObispo.com)

Landmark Century Plaza hotel to be sold to real estate investment group (SanLuisObispo.com)
LOS ANGELES - The Westin Century Plaza Hotel & Spa, which hosted several U.S. presidents, will be sold for $293 million to a real estate investment trust.

New real-estate players overshadow old markets (Investors.com)
LOS ANGELES (MarketWatch) -- They used to be the cities real-estate watchers pointed to when wild market fluctuations were afoot. But that's no longer the case for big established markets from Los Angeles and San Francisco to New York and Boston.