LOS ANGELES-The dot-com shakeout that has already cost some California landlords millions of dollars in lost rent is now spreading to other real estate-related companies, as firms ranging from architects to ad agencies struggle to collect huge sums of money for work they performed when times were better.<p>
ORANGE COUNTY, CA-The Irvine-based holding company of Koo Koo Roo, Hamburger Hamlet and Chi-Chi's chains skips payment on some senior notes. The eateries can be found in dozens of Southland malls and other real estate developments.
LOS ANGELES-While Denver billionaire Philip Anschutz is getting most of the press for his recent investments in the theater business, locally based Oaktree Capital Management and Pacific Capital Group are quietly emerging as powerhouses too.
ORANGE COUNTY, CA-Ending weeks of speculation, troubled Newport Beach-based Edwards Theatres Circuit Inc. says it has signed a letter of intent that calls for a cash infusion from a group of investors that includes Denver billionaire Philip Anschutz.
LOS ANGELES-Experts tell GlobeSt.com that the decision by the nation's second-largest theater operator spells even more trouble for retail property investors, many of whom are already suffering from consolidation of department store chains.
ORANGE COUNTY, CA-The theater chain, struggling under nearly $2 billion in debt, may shutter up to 70 more facilities across nation. Fate of its three local complexes hasn't been determined.
ORANGE COUNTY, CA-Several companies file liens against entertainment giant, claiming they haven't been paid for their work on new California Adventure theme park. One electrical firm says it's owed $10.6 million.
LOS ANGELES-Developers Diversified gets 15-month extension on long-stalled project, a cornerstone of Long Beach's efforts to become a tourist destination. Only two months ago, City Council talked of dissolving its contract.