February 3, 2014 |
HDOS Enterprises, owner of the employee-owned Hot Dog on a Stick snack shacks ubiquitous in malls, filed for bankruptcy protection Monday, citing expensive lease costs among the factors. In its Chapter 11 filing, Hot Dog on a Stick said its total debt was $1 million to as much as $10 million. The court filing also shows the company estimated its assets between $10 million and $50 million. "Like many mall-based businesses, HDOS signed some very expensive leases during the booming economy of the mid-2000s," Dan Smith, the company's chief executive, said in a statement.
April 10, 2014 |
Fleur de Lys, the Westside mansion that recently sold for a Southern California record-breaking price of $102 million, is now available for lease for $400,000 a month to long-term tenants. The timing is good for the new, and as yet unidentified, owner. Another mega estate, historic Beverly House in Beverly Hills, reentered the for-sale market at $135 million and also is available to let at $600,000 a month -- making Fleur de Lys look like a relative bargain. Fleur de Lys claims roughly 50,000 square feet of living space on five acres.
CALIFORNIA | LOCAL
February 13, 2014 |
The Culver City Ice Arena, which closed this month after losing its lease, might reopen after the rock-climbing company that had planned to take over the space said late Thursday that it was canceling its lease. But City Manager John Nachbar said the city and the rink would first have to resolve many issues, including whether the facility's refrigeration system was safe. The unexpected cancellation of Planet Granite's lease was a relief to the Takahashi family, longtime employees who hope to operate the rink for at least six months beginning March 1. "We would love to announce we're going to open March 1, but we don't know that yet," said Shannon Takahashi, who manages the skating school.
HOME & GARDEN
August 4, 2010 |
Michael Jackson's last Los Angeles-area residence, a French chateau in Holmby Hills, has come on the market at $28,995,000. The pop icon was leasing the 17,171-square-foot stately mansion at $100,000 a month at the time of his death last year. The Richard Landry-designed estate, built in 2002, has a theater, a wine cellar and tasting room, an art studio, a gym with a spa, and an elevator. The guesthouse has stained-glass doors leading to the pool and gardens. There are seven bedrooms, 13 bathrooms and 12 fireplaces.
February 26, 2013 |
How much would you pay to live where William Randolph Hearst and Marion Davies called home? How steep is too steep to sleep where John and Jacqueline Kennedy honeymooned? OK, rich kids of Instagram , what would you say to a Beverly Hills manse with a $600,000-a-month lease? And yes, if you can afford it, you can brag: Its listing agent, Jeffrey Hyland of Hilton & Hyland, says the Mediterranean-style house “may be the most expensive lease in the country.” So now we'll see if those tax increases we voted for in November really have chased all the rich people out of California.
CALIFORNIA | LOCAL
March 7, 2013 |
A state program leasing wildlife protection areas to farmers failed to properly spend and report at least $1.7 million in rental income as part of the normal budget process last year, according to an internal state investigation announced Thursday. The irregularities in the program run by the California Department of Fish and Wildlife follow a string of similar controversies at agencies including the Recreation and Parks Department and California Department of Forestry and Fire Protection where money was stashed in off-budget accounts.
February 14, 2014 |
TEMPE, Ariz. - Angels owner Arte Moreno said Friday that negotiations with the city of Anaheim for a new stadium lease are “at a stalemate,” but he stopped short of saying he was aggressively pursuing a new home for the team. “We haven't crossed that line yet,” Moreno said while Angels pitchers and catchers finished their first day of spring-training workouts. “In September, we thought we had a good outline for a deal … but the reality is, we have not been able to get it done.
May 22, 2012 |
Known for the great variety of the roles he plays, Leonardo DiCaprio now is trying his hand at Malibu beach house landlord. He has listed this Cape Cod-inspired home for $75,000 a month for a long-term tenant or $150,000 a month for leases of less than six months. His Malibu Colony compound was recently remodeled and features a four-bedroom main house on the ocean side, a two-bedroom guest house and a detached loft with gym. There is a beach-front deck, a fire pit, gardens and lawn on the less-than-half-acre lot. DiCaprio, 37, whose blockbuster hits include "Titanic" (1997)
October 20, 2009 |
Silvia Spross took a baby step into small-business ownership when she opened a jewelry kiosk on Santa Monica's Third Street Promenade. It took just $11,000 to set up Lapzos Beads, including $3,500 for the first month's rent. So far the Swiss immigrant has hit her goal to average at least $200 a day in sales of the necklaces, rings and bracelets she makes from rough-cut semiprecious stones, polished rocks and beads from around the world. "I would love to own a little store but figured this would be a great start, just to see if it works," said Spross, whose lease runs just through January.
CALIFORNIA | LOCAL
June 22, 2013 |
A deal to give USC control of the taxpayer-owned Los Angeles Memorial Coliseum promises the public a share of the money from Trojan football games and other events the school stages there. But in big-time college sports, such a commitment is no guarantee, experts say. That's not because they expect USC to lose money as steward of the Coliseum and its bank accounts. The Trojan gridiron program is considered one of the most financially successful in the NCAA, with annual ticket sales alone hovering around $20 million.