LOS ANGELES-The Los Angeles Downtown Center Business Improvement District provides safety, maintenance, marketing, and business retention and recruitment programs for more than 480 property owners and residents, representing over 1,500 properties within a 65-block area.

LAKEWOOD, CA-Village Properties paid $1.5 million for both parcels. One of them is 18,739 sf and the other is 21,170 sf. Both sites will be developed for a Walgreens drugstore.

SANTA MONICA, CA-The action charges that the publicly traded real estate investment trust violated the federal securities laws by issuing a series of materially false and misleading statements that had the effect of artificially inflating the market price of the company's securities.

WOODLAND HILLS, CA- The 1,000 KW on-site combined heat and power (CHP) plant will provide a significant amount of power and heat for Two Towne Center, a 726,893-sf development by CommonWealth Partners/CalPERS located in the heart of Orange County's business and retail district in Costa Mesa, Calif.

PASADENA, CA-First Community Bancorp has leased 4,356 sf in the Pasadena Hilton Office Tower and the law firm of William D. Johnson has leased 3,905 sf at the same site.

COSTA MESA & CUPERTINO, CA-Trammell Crow Residential has sold two of its luxury rental communities to Sobrato Development Cos. at near record per sf prices for non-beachfront rental units in Los Angeles and Ventura Counties.

SAN GABRIEL, CA-The Apostolic Assembly of Faith has sold a 12,000-sf church facility on 24,750 sf at 311 East Mission Rd. to the International B Cultural Center.

BURBANK, CA- Modern Videofilm extended its lease of 42,000 sf at 4411 Olive Ave. in Burbank for five years. The property owner is Shamrock Holdings of California.