ORLANDO-Village Center Community Development District of Lady Lake, FL, largely a developer-influenced entity, wants to purchase the privately held water and wastewater facilities from the developer for use at one of the fastest growing communities in the United States, 60 miles northwest of Downtown Orlando. The problem: The community's debt load would rise to $550 million.

SAN DIEGO, CA-First Community Bancorp exchange more than 2.7 million shares of its common stock and $74.2 million in cash for First National Bank, which has seven branches located in San Diego County.

HAYWARD, CA-The California Energy Commission unanimously approved the licensing of Hayward's 600-megawatt Russell City Energy Center, but Calpine Corp. is wary of building a new plant without a power contract.

ROCKVILLE, MD-Telenor Satellite Services has committed to move its new headquarters to a 38,000-sf space in the class A Tower Building on the sprawling Tower Oaks mixed-use campus. Space in the 10-story, 260,000-sf, environmentally and technology friendly structure leases for $32.50 to $34.00 per sf.