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-The man credited with bringing you the Staples Center--criticized by opponents as too "pro-development"--has at last thrown his hardhat in the ring. He plans to oust Gray Davis from the governor's mansion in next year's election.

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.