February 12, 2014 |
One of the tallest office buildings in downtown Los Angeles has been acquired by Hollywood-based real estate investor CIM Group in an unusual portfolio sale that also included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group was Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
December 19, 2013 |
Owners of an upscale apartment complex across the street from the popular Grove shopping center in Los Angeles are spending a fortune to make some of their best units even more luxurious - and more expensive to rent. In a handful of pricey neighborhoods across the city, some apartments are beginning to resemble a cross between a $1-million home and a five-star resort. The movement is turning on its head the long-held assumption that wealthy Los Angelenos buy, not rent, their residences.
November 12, 2013 |
Los Angeles landlord and developer CIM Group has completed its elaborate makeover of the Lady Luck, a once-popular Las Vegas hotel and casino that opened in 1964 and closed in 2006. After an estimated $100-million renovation, the complex at 3rd Street and East Ogden Avenue is now called the Downtown Grand Las Vegas and considered the centerpiece of the city's Downtown3rd Entertainment District. The Downtown Grand has 634 rooms in two towers -- the 18-story Casino Tower and 25-story Grand Tower; 25,000 square feet of gaming space plus bars and restaurants.
June 20, 2013 |
A once-notorious building on Hollywood Boulevard next door to where ABC's "Jimmy Kimmel Live!" television show is broadcast has been sold to a Maryland real estate investment firm. The three-story retail and office property, built in 1921 and across the street from the historic TCL Chinese Theatre, has had a rise, fall and comeback fitting for a Hollywood tale. Once known as the Seven Seas building for the nightclub it housed, 6904 Hollywood Blvd. enjoyed popularity in the mid-20th century but fell far and hard in the 1980s and 1990s when scores of businesses departed Hollywood and the neighborhood earned a reputation for being disreputable and even dangerous.
CALIFORNIA | LOCAL
January 29, 2013 |
A couple of weeks ago, I wrote that Los Angeles has had its share of so-so mayors, and it'd be nice to have a great one for a change. Readers agreed, but said they weren't sure there was greatness in the current crop of candidates. And that was before Monday night's televised debate, which bolstered their point. For the most part, the five candidates came off as competent but not compelling. There was no presence, no magic, no star quality. "What an uninspiring bunch," wrote Peter Weinberger, a Pico-Robertson resident.
December 1, 2012 |
There were plenty of unanswered questions after Cirque du Soleil announced Friday it was closing its movie history-themed show "Iris" at the Dolby Theatre in Hollywood, less than a year and a half after it opened. The show, which opened in September 2011 and had been intended to run for at least 10 years, was aimed at tourists to the Hollywood Boulevard area, but Cirque said ticket sales had not met expectations. The last performance of "Iris" will be Jan 19. One way that the city was able to bring Cirque du Soleil to Hollywood was a loan agreement to a partnership set up by CIM Group, which owns the theater and the entire Hollywood & Highland Center.