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Lease

CALIFORNIA | LOCAL
September 4, 2013 | By Bill Shaikin
Angels owner Arte Moreno has emphasized to city officials that he has the means and willingness to move the baseball team out of Anaheim. A city consultant told city council members Tuesday that Moreno could move the Angels to Irvine, Irwindale or “at least half a dozen potential sites” in downtown Los Angeles. The warning came as council members voted to allow the Angels to opt out of their current stadium lease as late as 2019, rather than the current date of 2016. "The owner of the Angels has made clear in our discussions he has the resources and willingness to build his own stadium," said city consultant Charles Black, president of CB Urban Development in San Diego.
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CALIFORNIA | LOCAL
September 3, 2013 | By Julie Cart
A federal appeals court ruled Tuesday that the government acted correctly when it ordered a Northern California oyster farm to close to clear the way for the first marine wilderness on the West Coast. The 2-1 decision by the U.S. 9th Circuit Court of Appeals deals a blow to the years-long effort by a Marin County oyster farmer to extend his federal lease in Point Reyes National Seashore. Then-Interior Secretary Ken Salazar refused to grant the extension in November, citing terms of an agreement the former owners of the farm signed 40 years ago as Congress moved toward creating the marine wilderness.
SPORTS
September 3, 2013 | By Bill Shaikin
As the Anaheim City Council voted Tuesday to enter formal lease negotiations with the Angels, a consultant representing the city said owner Arte Moreno has emphasized he has the means to move the team elsewhere. By a 4-1 vote, with Mayor Tom Tait in opposition, the City Council voted to allow the Angels to opt out of their current stadium lease as late as 2019, rather than the current date of 2016. "The owner of the Angels has made clear in our discussions he has the resources and willingness to build his own stadium," said city consultant Charles Black, president of CB Urban Development in San Diego.
CALIFORNIA | LOCAL
August 29, 2013 | By Gale Holland
A federal judge ruled Thursday the U.S. Department of Veterans Affairs misused its sprawling West Los Angeles campus by leasing land for a hotel laundry, a film studio storage lot and UCLA's baseball stadium, but stopped short of ordering the tenants off the property. U.S. District Judge S. James Otero said the agency had abused its discretion by leasing land for purposes "totally divorced from the provision of healthcare," but delayed enforcement of his order so the government could appeal.
BUSINESS
August 11, 2013 | By Marc Lifsher
SACRAMENTO - Gov. Jerry Brown is embroiled in potentially costly lawsuit over a Gov. Arnold Schwarzenegger-era real estate deal gone bad. At the center of the legal battle is the Golden State Portfolio, a collection of 11 state office buildings, including two in downtown Los Angeles, that Schwarzenegger agreed to sell to investors for $2.3 billion before leaving office at the end of 2010. Schwarzenegger launched the deal to help fill a $25-billion deficit in the recession-racked state budget.
BUSINESS
August 1, 2013 | By Lauren Beale
A home in Bel-Air that was being leased by Grammy-winning singer Luis Miguel is for sale at $5.895 million. The stately traditional features a sweeping staircase off the entry, a formal living room with a wet bar, a den, a breakfast area, five bedrooms, five bathrooms and 5,200 square feet of living space. A terrace off the master bedroom overlooks the back yard. The more than three-quarter-acre grounds include a grotto-style swimming pool, spa and circular driveway. Grandest pool around?
BUSINESS
July 26, 2013 | By Lauren Beale
After a couple of years and price cuts, actors Goldie Hawn and Kurt Russell have closed up their longtime Malibu beach house, selling it for $9.5 million. Entered through a gated courtyard, the Balinese-inspired house backs up to sand dunes and the ocean. The 4,200-square-foot house, built in 1978, was redesigned and renovated in 2005. There is a screening room, an office and a detached guesthouse. The master suite features floor-to-ceiling windows and a beachfront balcony for a total of four bedrooms and 4.5 bathrooms.
CALIFORNIA | LOCAL
July 19, 2013 | By Tony Barboza
The U.S. Air Force will consider leasing land on Vandenberg Air Force Base for private companies to extract offshore oil and gas from land-based drills on the central California coast. The proposal, opposed by environmental groups, would require the first new offshore lease in state waters since the 1960s, said Mark Meier, chief counsel for the State Lands Commission. It would allow companies to use onshore equipment with extended-reach "slant drilling" technology to reach offshore deposits.
BUSINESS
July 19, 2013 | By Lauren Beale
Perhaps coach Adam Levine of "The Voice" got tired of being "the landlord. " At any rate, the Maroon 5 frontman has sold his Hollywood Hills home for $3.55 million in an off-market deal. The remodeled Midcentury Modern-style home sits on a half-acre lot with a separate guest unit. Features include two interior fireplaces, a home theater, an exercise room, a security system, four bedrooms and four bathrooms. Walls of glass open to an outdoor fireplace, swimming pool and spa. Levine, 34, is the lead singer and guitarist for the Grammy-winning pop rock band Maroon 5. He has worked with Kanye West, Natasha Bedingfield and 50 Cent, among others.
BUSINESS
July 18, 2013 | By Cale Ottens
Amid a multimillion-dollar renovation, Sunset Media Center is wooing new tenants and keeping old ones with 10-year leases at the 22-story Hollywood property on Sunset Boulevard east of Vine Street. Longtime tenant Nielsen Media Research has renewed its lease but for only 2 1/2 of the 22 floors in the building. Despite the decrease from four floors, it will remain the largest tenant. FilmL.A. Inc., the nonprofit organization that handles filming permits for the city and the county, is moving its headquarters to the media center from downtown Los Angeles.
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