LOS ANGELES-A privately held group has acquired a 419-unit complex in Baldwin Village. Most institutional investors have avoided the area for years, but some smaller ones now see opportunities.

THOUSAND OAKS, CA-Baxter Healthcare takes 60,000 sf for 10 years at Conejo Spectrum Business Park. Local vacancy rate for such industrial and R&D space is only 4%.

SANTA FE SPRINGS, CA-Privately held W.L.A. acquires 81,118-sf complex on eastern rim of Downtown from Voit Cal Partners.

LOS ANGELES-The Board of Education has approved purchase of $74.5-million office tower at 333 S. Beaudry Ave. to consolidate district staff under one roof. Some say the space is too big and expensive.

LOS ANGELES-The services firm has been trying to build more market-share in San Diego and the Inland Empire -- two areas where it does not enjoy the dominance it has in Orange County, the Silicon Valley or Phoenix.

NORTH HOLLWOOD, CA-Jerry H. Snyder will present his latest plans for the area's NoHo Commons redevelopment project at a public hearing. The project has been reduced by more than two-thirds since it was first proposed three years ago.

LOS ANGELES-Jeff Scheferman, the retired Marine who has served as the brokerage firm's COO for 18 months, is promoted to president and chief executive. He replaces Robert (Cody) Plott, who is said to be heading for a hospitality group.

CHINO, CA-Tibbett & Britten Group takes 458,262 sf of distribution space at Centrepointe-South development. Leasing, sales activity in the area has been strong even as other Southland markets falter.