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BUSINESS
May 17, 2007 | From the Associated Press
The owner of New York's Plaza hotel announced plans Wednesday to buy the New Frontier hotel-casino on the Las Vegas Strip and replace it with a $5-billion multiuse complex. Elad Group intends to build a luxury hotel with about 3,500 rooms, private residences, retail space and a casino bearing the Plaza brand, said Miki Naftali, Elad's president. The complex is projected to open in 2011. Naftali called the 34.
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BUSINESS
May 17, 2007 | From the Associated Press
The owner of New York's Plaza hotel announced plans Wednesday to buy the New Frontier hotel-casino on the Las Vegas Strip and replace it with a $5-billion multiuse complex. Elad Group intends to build a luxury hotel with about 3,500 rooms, private residences, retail space and a casino bearing the Plaza brand, said Miki Naftali, Elad's president. The complex is projected to open in 2011. Naftali called the 34.
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NATIONAL
November 14, 2007 | From the Associated Press
The New Frontier casino-hotel was imploded early Tuesday in a violent end to the second property to open on the Strip and the scene of Elvis Presley's Las Vegas debut. Over 1,000 pounds of explosives felled the 16-story hotel tower as reporters and bystanders watched. An $8-billion resort bearing the Plaza brand will rise in its place and is set to open in 2011.
BUSINESS
July 3, 2007 | Roger Vincent, Times Staff Writer
A luxury condominium tower under construction on Wilshire Boulevard's "Golden Mile" in Los Angeles has been acquired by a New York developer for $140 million. Elad Group, which is restoring the landmark Plaza Hotel in New York and converting it to a residential and hotel property, purchased both the land at 10776 Wilshire Blvd., near Westwood, and the tower's design, said Michael Rosenfeld, co-chief executive of Wilshire Carlyle Partners, the Los Angeles-based seller.
BUSINESS
June 3, 2008 | Roger Vincent, Times Staff Writer
The Century Plaza Hotel, a 1960s-era landmark in Century City that has played host to several U.S. presidents, has been sold for $366.5 million. Next Century Associates, led by Los Angeles real estate investor Michael Rosenfeld, announced Monday that it bought the 726-room hotel on Avenue of the Stars from Sunstone Hotel Investors Inc., a real estate investment trust in San Clemente.
BUSINESS
July 20, 2007 | Kimi Yoshino, Times Staff Writer
Celine Dion is leaving Las Vegas, but her legacy may long reign over the Strip -- in the form of a $1-billion expansion and renovation of Caesars Palace, including a 665-room tower, a "palatial" new casino entrance and three swimming pools.
BUSINESS
August 11, 2010 | Roger Vincent and Martha Groves, Los Angeles Times
After backing down from a contentious proposal to demolish the Hyatt Regency Century Plaza hotel, the owner has unveiled plans to construct a high-rise real estate development next to the Space Age landmark that would transform the tenor of Century City's streets and dramatically alter the skyline. The $1.5-billion proposal calls for two 46-story skyscrapers holding hundreds of condominiums and offices to be built behind the renowned hotel on Avenue of the Stars. Nearly half of the guest rooms would be replaced by luxury condos as part of a top-to-bottom makeover.
WORLD
October 9, 2010 | By Edmund Sanders, Los Angeles Times
Arab League members decided Friday to give the Obama administration one more month to get faltering Mideast peace talks back on track, but they also said they support a Palestinian threat to quit direct talks unless Israel reverses itself on resuming West Bank settlement construction. The Arab League decision, announced at a meeting in Libya, gives U.S. negotiators more time to resolve the current standoff and solicit support for their proposal to renew Israel's partial construction moratorium, which expired Sept.
WORLD
February 14, 2013 | By Edmund Sanders, Los Angeles Times
JERUSALEM - The full story may never be known of why a baby-faced Australian Israeli attorney came under suspicion of working for the Mossad spy agency and then died alone in an Israeli jail cell charged with betraying the country he had adopted. But as the political drama over Ben Zygier's 2010 arrest and death swept through Israel on Thursday, it left virtually no institution unscathed. Mossad was scrambling to contain possible damage to its operations in Iran and other places where Zygier is believed to have traveled using his Australian passport.
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