Crown Realty Development Inc

Active local developer Crown Realty & Development Inc. has acquired the largest piece of developable property within Burbank's new South San Fernando redevelopment district--a 20.5-acre parcel formerly home to an aerospace plant and currently the site for prop storage specialist Western Studio Service. Crown Realty plans to work with Burbank officials to build a master-planned development that may include studio, office and retail sites on the land, on San Fernando Road.

An upgrade of the aging Burbank Media City Center was announced Tuesday by Crown Realty, the Irvine developer that bought the 41-acre mall for $110 million in March. The Magnolia Boulevard entrance will be reconfigured to make way for two restaurants, one of which will be a P.F. Chang's China Bistro. A second eatery will open on the east side of the main entrance.

Crown Realty & Development Inc. has begun construction on the 200,000-square-foot second phase of Wateridge, an office development at La Cienega Boulevard and Slauson Avenue in the Culver City-Fox Hills office market. The new office, which Crown is building on a speculative basis, is on a 21-acre site that includes 330,000 square feet of office space that is 98% leased, said Robert Flaxman, president of Newport Beach-based Crown.

Venice Crossroads, a retail center developed by Irvine-based Crown Realty & Development, has been sold to a group of individual Los Angeles-area investors in a partnership called HOMA. The principals did not disclose the sale price, but local real estate sources estimate that the 160,000-square-foot center at Venice and Robertson boulevards in Los Angeles traded for more than $40 million. Major tenants include Ross, Albertson's and Sav-On.

Venice Crossroads, a retail center developed by Irvine-based Crown Realty & Development, has been sold to a group of individual Los Angeles-area investors in a partnership called HOMA. The principals did not disclose the sale price, but local real estate sources estimate that the 160,000-square-foot center at Venice and Robertson boulevards in Los Angeles traded for more than $40 million. Major tenants include Ross, Albertson's and Sav-On.

An upgrade of the aging Burbank Media City Center was announced Tuesday by Crown Realty, the Irvine developer that bought the 41-acre mall for $110 million in March. The Magnolia Boulevard entrance will be reconfigured to make way for two restaurants, one of which will be a P.F. Chang's China Bistro. A second eatery will open on the east side of the main entrance.

Crown Realty & Development, an Irvine real estate developer, said Friday it has acquired an office complex in Brea for $25 million from Legacy Partners Inc. in Irvine. The complex on Imperial Highway consists of a pair of two-story buildings. One is a largely vacant 105,000-square-foot building, the other is a 90,000-square-foot structure that serves as headquarters for mineral water company Perrier Group of North America. Crown also said it paid $8 million to buy a Colorado Springs, Colo.

An Orange County developer is set to buy the Burbank Media City Center mall in a transaction valued at more than $110 million. If completed, the acquisition would increase Irvine-based Crown Realty & Development's Burbank holdings to more than 70 acres of property in and around downtown. The 1.2-million-square-foot mall is being sold by Pan Pacific Retail Properties Inc.

A hotel, restaurant and office complex on a high-profile lot across from Anaheim Stadium was approved Wednesday by the city Planning Commission. Newport Beach-based Crown Realty & Development Inc. will build the Stadium Crossings project, which will cost up to $40 million, at the northeast corner of Katella Avenue and State College Boulevard. Crown Realty President Robert A.

Former Mayor James K. Hahn has agreed to pay $5,450 in fines to settle allegations by the executive director of the city Ethics Commission that he violated campaign finance rules in his unsuccessful reelection campaign. Hahn, who lost the 2005 election to Antonio Villaraigosa, conceded that he exceeded the $1,000 limit on individual contributions in seven cases between June 12, 2003, and Nov. 30, 2004, including $2,000 in checks from Crown Realty and Development Inc. and owner Robert A. Flaxman.

An Orange County developer is set to buy the Burbank Media City Center mall in a transaction valued at more than $110 million. If completed, the acquisition would increase Irvine-based Crown Realty & Development's Burbank holdings to more than 70 acres of property in and around downtown. The 1.2-million-square-foot mall is being sold by Pan Pacific Retail Properties Inc.

Crown Realty & Development, an Irvine real estate developer, said Friday it has acquired an office complex in Brea for $25 million from Legacy Partners Inc. in Irvine. The complex on Imperial Highway consists of a pair of two-story buildings. One is a largely vacant 105,000-square-foot building, the other is a 90,000-square-foot structure that serves as headquarters for mineral water company Perrier Group of North America. Crown also said it paid $8 million to buy a Colorado Springs, Colo.

Crown Realty & Development Inc. has begun construction on the 200,000-square-foot second phase of Wateridge, an office development at La Cienega Boulevard and Slauson Avenue in the Culver City-Fox Hills office market. The new office, which Crown is building on a speculative basis, is on a 21-acre site that includes 330,000 square feet of office space that is 98% leased, said Robert Flaxman, president of Newport Beach-based Crown.

Active local developer Crown Realty & Development Inc. has acquired the largest piece of developable property within Burbank's new South San Fernando redevelopment district--a 20.5-acre parcel formerly home to an aerospace plant and currently the site for prop storage specialist Western Studio Service. Crown Realty plans to work with Burbank officials to build a master-planned development that may include studio, office and retail sites on the land, on San Fernando Road.

With the renovation of Anaheim Stadium underway and plans afoot to build the Sportstown complex next door, city officials foresee a renaissance of development activity in the stadium area. To accommodate future proposals for the area, the city is developing a master land-use plan and preparing an environmental impact report for what that plan would entail.