CALIFORNIA | LOCAL
April 26, 2013 |
FBI agents arrested a Century City man for allegedly running a multimillion-dollar Ponzi scheme that primarily targeted the Persian-Jewish community in Los Angeles, according to the U.S. attorney's office. Shervin Neman, whose given name is Shervin Davatgarzadeh, 31, was indicted on two counts of wire fraud and one count of mail fraud. He was taken into custody Friday morning. His victims allegedly lost more than $3 million, according to a news release from the U.S. attorney in Los Angeles.
August 29, 1985
The City Council has allocated $57,000 to help fund a ride-share program for Century City, according to a spokesman for Councilman Zev Yaroslavsky. The program, which is entering its second year, also is supported by $40,000 from Century City businesses. The city's funds come from a half-cent sales tax approved by voters in 1978 to deal with traffic problems.
January 21, 2013 |
Plans are moving forward for construction of two 46-story residential towers behind the landmark Hyatt Regency Century Plaza hotel in Century City after the unanimous approval of the project last week by the Los Angeles City Council. Developer Next Century Associates expects to start work next year on the $2-billion project designed by architect Pei Cobb Freed & Partners. In addition to the towers it will include a 100,000-square-foot retail plaza with shops and restaurants and more than two acres of public open space with fountains and courtyards.
April 23, 2012 |
The Century, a luxury condominium tower in Century City, will soon house a restaurant operated by high-profile Los Angeles chef David Myers. His yet-to-be-named restaurant will be open to the public and also cater private meals and events for residents of the 41-story tower such as Candy Spelling, who owns the top two floors. The ground-floor restaurant will have a separate driveway and entrance from the residences, said Jeff Blau, president of the Related Cos., the developer of the tower on Avenue of the Stars.
July 9, 2012 |
Los Angeles billionaire Steven Udvar-Hazy opened this year's Farnborough International Airshow in England with a blockbuster order for jets worth $7.2 billion in list-price value from aerospace giant Boeing Co. The chief executive from Air Lease Corp., the aircraft leasing firm in Century City, made a firm order Monday for 75 of Boeing's new, fuel-efficient 737 MAX jets. Air Lease buys aircraft and rent them to airlines worldwide for...
CALIFORNIA | LOCAL
September 25, 2013
Join us at 9 a.m. when we talk with Times reporter Rong-Gong Lin II about a luxury residential tower that Los Angeles city officials approved and that the L.A. County Metropolitan Transportation Authority says sits atop an earthquake fault line. When Los Angeles officials approved plans for the 39-story tower in Century City, they declared the site suitable for development without a review of earthquake faults. Not long after, the MTA examined the area as the site for a subway station.