LOS ANGELES-One private partnership acquires 148,186-sf building on Pacific Coast Highway from another. Long-term outlook for such developments remain bright, despite recent softening in sale prices and rents.
SANTA MONICA, CA-Filmmaker Roger Corman acquires former site of X-rated Pussycat Theater here in this seaside community. Building now houses a venture-capital company and Italian restaurant.
LOS ANGELES-Two influential homeowner groups ask a judge to order a revision of the city's recently approved master development plan. The $1-billion project around Downtown's Staples Center and the Westside's 1,087-acre Playa Vista residential and office community are at risk.
IRVINE, CA-City officials here are considering rezoning part of giant Irvine Spectrum project for homes instead of offices. Zoning change could help to stem sprawl-related problems.
ORANGE COUNTY, CA-Key government agency will consider the proposed takeover by Newport Beach at a hearing on Wednesday. If approved, the municipal marriage could be consummated in January.
LOS ANGELES-Measure would open commercial landlords who engage in the controversial practice to treble damages and other penalties. Governor is expected to sign the bill within days.
IRVINE, CA-The 20-acre project on Bonita Canyon Drive would include a 120,000-sf community complex and the expansion of a neighboring school. Construction will begin by end of this year.
LOS ANGELES-City Council here OKs ambitious plans by two billionaires to convert 27 acres of land around Downtown's Staples Center into a giant district of shops, entertainment facilities, office space and apartments. Decision to subsidize construction of a hotel is delayed until later this year.
LOS ANGELES-The developer releases first renderings of a proposed, $280-million office and retail complex to be built where Shubert Theater and the rest of ABC Entertainment Center stand today. The project could open as soon as 2005.