CALIFORNIA | LOCAL
January 15, 2010 | By Cara Mia DiMassa
It's not every day that Los Angeles welcomes a new addition to its skyline. And this week, the city did it in style with a gala for the 54-story Ritz-Carlton hotel-condo tower that is the centerpiece of L.A. Live and opens for business next month. The guest of honor was Tim Leiweke, president and chief executive of AEG, which built the $2.5-billion L.A. Live and has been at the center of the effort to develop the area around Staples Center into a sports and entertainment hub. The blue-hued tower is a big part of the plan.
BUSINESS
January 13, 2010 | By Roger Vincent
The latest addition to the downtown Los Angeles skyline is expected to debut with a big splash -- make that a big flash -- tonight, when lights in the city's newest high-rise snap on for the first time. Owners of the 54-story Ritz-Carlton and JW Marriott tower are rigging lights on the top 27 levels to flick on floor by floor in a rising wave to celebrate completion of the hotel, the last piece of the massive L.A. Live entertainment complex. The attention-grabbing stunt will cost about $100,000; by no means a pittance but still a fraction of the $2.5-billion overall cost of L.A. Live, which sits next to Staples Center and is already home to Nokia Theatre and other attractions.
CALIFORNIA | LOCAL
November 8, 2009 | Mike Anton
If you're in the Valley in the coming days and see military helicopters swooping around high-rise buildings, don't worry. Black Hawk helicopters will be part of a flight training mission taking place after 5 p.m. today and Monday in central and west Valley areas, according to the Los Angeles Police Department. "We wanted to let people know so nobody gets spooked and freaked out about it," said Officer Steve Scallon. -- Mike Anton
BUSINESS
September 14, 2009 | Roger Vincent
A Santa Monica architect known for his high-rise designs is working on what may be the ultimate "spec" building -- a 224-story skyscraper with green ambitions that would be the tallest structure in the world. The tower is envisioned for a man-made island in Abu Dhabi, if leaders of the oil-rich emirate decide they want to make a statement to rest of the world and perhaps one-up neighboring Dubai. A conceptual design for the $3.5-billion project in the United Arab Emirates is under consideration by an Abu Dhabi planning committee, said Tommy Landau, the architect who created the design and is part of an unusual team of U.S. real estate players trying to get the ambitious project launched.
BUSINESS
September 11, 2009 | Nathan Olivarez-Giles
Downtown Los Angeles' largest landlord, Meruelo Maddux Properties Inc., has added an unfinished residential tower and a project in Chinatown to its bankruptcy filings. The 35-story luxury apartment tower, located near Staples Center at 705 W. 9th St., was supposed to be finished by the end of the year. That's still the plan, said Michael Bustamante, a spokesman for Meruelo Maddux Properties. "The filing occurred on a Thursday and workers were there on Friday and Saturday and they were there this week too," Bustamante said.
BUSINESS
April 4, 2009 | Roger Vincent
The Figueroa Street corridor in downtown Los Angeles is already thick with hotels, restaurants and office towers. So is it ready for the vast project announced this week on the site of the Wilshire Grand hotel? The $1-billion proposal by owner Korean Air calls for demolishing the 1950s hotel and an adjoining office building and replacing it with two skyscrapers: a 60-story office tower and a 40-story hotel. It's just the latest in a series of projects that have been remaking the corridor.