LOS ANGELES-Measure requires most types of property to be retrofitted with gas shut-off valves before a sale can close. Supporters say the new law will save lives, but opponents object to the cost.

LOS ANGELES-The complicated bankruptcy sale of the Pasadena Playhouse will allow a private family trust to convert a tower on the site into loft apartments but also permit live theater productions to continue.

NEWBURY PARK, CA-Development Partners LLC begins last eight buildings at USA Business Center here. All but one of the 10 buildings in the first phase have already been taken.

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.

COVINA, CA-The firm, previously owned by General Electric, takes 22,557 sf of office and flex space here at Covina Technology Center. Deal pushes the development's occupancy rate above 80%.

BURBANK, CA-Investment banker L.J. Melody arranges package from Principal Capital for Menlo's Burbank Empire Center office complex. The development will open next spring.

LOS ANGELES-Annual real estate and economic forecast meeting will include leaders of City National Bank, American Realty Advisors and Deloitte & Touche. Several hundred are expected to attend the event next Tuesday at the Regency Club.

LOS ANGELES-Partnership acquires the St. James Apartments in Hollywood area from privately held GTS Property. Deal shows how the relatively few large projects that have hit the market recently are selling quickly.