November 28, 2011 |
Long-standing plans to build a $45-million hotel in Hollywood have been revived, the developers said, with new financing and a new operator. The nine-story hotel at Selma Avenue and Cahuenga Boulevard, formerly to be known as the Selma, was approved by city officials in 2008, but funding for real estate development grew hard to come by as lenders tightened their purse strings in the economic downturn. "We fought hard to find conventional financing," developer Richard Heyman said.
November 11, 2011 |
Every night that there's a concert at the Hollywood Bowl, its operator, the Los Angeles Philharmonic, sends beams of light into the sky above. The purpose isn't to create a lot of showbiz hoopla, says Deborah Borda, the Philharmonic's president and chief executive. It's to tell pilots of helicopters and small aircraft to stay the heck away. But increasingly, Borda says, attempts to communicate both in light and in words have fallen on deafening ears. Not a summer concert night goes by now, she says, without the purity of music falling prey to choppers dealing noise pollution.
CALIFORNIA | LOCAL
September 28, 2011 |
He came to their rescue when they were between a rock and a hard place. So it's fitting that Hugh Hefner will be honored with a boulder for helping the Trust for Public Land acquire Cahuenga Peak, the mountaintop next to the Hollywood sign. Leaders of the trust said Tuesday they plan to place plaques on large boulders to thank the Playboy magazine founder and two others who stepped up at the last moment to donate $1 million each to acquire the peak from its Chicago-based owners.
June 18, 2010 |
This summer, two of Los Angeles' best-known nightlife players go head-to-head, opening new clubs just blocks apart in a big push for their share of the increasingly competitive Hollywood market. Last month, SBE's Sam Nazarian and Syndicate Hospitality's David Judaken each rolled out separate high-profile venues aimed at a similar upwardly mobile audience: Nazarian debuted his company's Hamptons-inspired club the Colony on Cahuenga Boulevard, while Judaken unveiled his latest streamlined space, MyStudio, on Hollywood Boulevard.
CALIFORNIA | LOCAL
April 27, 2010 |
When Playboy founder Hugh Hefner heard that the campaign to buy the open space west of the Hollywood sign was short about $1 million, he knew he had to step in once again to protect the famous Los Angeles landmark. "Turned out the kid was back in the water again," he said in a telephone interview. So he anted up $900,000, which helped the campaign cross the finish line. On Monday, the Trust for Public Land announced that, thanks to Hefner's gift and an additional $500,000 from the Tiffany & Co. Foundation and Aileen Getty, it finally had the $12.5 million needed to buy Cahuenga Peak from Fox River Financial Resources Inc. The 138-acre property, which offers a spectacular 360-degree panorama of the Los Angeles Basin and the San Fernando Valley, now will become part of Griffith Park.
CALIFORNIA | LOCAL
April 11, 2010 |
With just four days left to raise enough money to preserve a 138-acre patch of land next to the Hollywood sign, Serena Irani was happy do her part. "I'm going to sell these to save the peak," the 10-year-old said Saturday, showing off a tray of cupcakes she had helped her mom bake the night before. If only she could have charged $200,000 apiece for them. Facing a $2.8-million gap in the $12.5 million needed to buy Cahuenga Peak from a group of Chicago investors, neighborhood associations and the Trust for Public Land rallied for the final push with live music and a bake sale at Lake Hollywood Park, beneath the landmark sign.