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Marina City Club

A Los Angeles Superior Court judge Wednesday ordered the appointment of a receiver to immediately take over the high-rise Marina City Club complex in Marina del Rey after developer Jerome Snyder defaulted on a $24-million loan from Aetna Life Insurance Co. The order, signed by Judge Robert H. O'Brien, placed the receiver in charge of managing the waterfront development, which includes condominiums, apartments, boat slips, an athletic club and restaurant.
February 1, 1987 | BARBARA BAIRD, Times Staff Writer
About 100 Marina City Club tenants have agreed to buy 81-year leases on apartments in the club's 600-unit complex, and the remaining leases will be offered to the public starting this weekend, according to developer Jerome H. Snyder. Under a controversial plan approved in October by the county Board of Supervisors, the J. H. Snyder Co.
November 23, 1986
Brink's bank robbery is small-time compared to the holdup of Los Angeles County being perpetuated by the Board of Supervisors in giving away another 41-year-lease extension to Marina del Rey Properties Ltd. (Marina City Club). A lease to year 2028 is not enough for Marina del Rey Properties Ltd. The county supervisors want to rule from the grave and grant Marina del Rey Properties a further lease extension to year 2067. Call the FBI! Call the police! Catch the robbers before they loot Los Angeles County of all citizens' rights.
November 16, 1986
Marina del Rey Properties Ltd., the development company that holds the master lease for Marina City Club, has been allowed to join the county in the legal defense of their controversial plan to sell 81-year leases on 600 apartments in the club's high-rise towers. In a hearing in Los Angeles Superior Court, Judge Warren Deering allowed the action, according to Bruce R. Lederman of Latham & Watkins, the Los Angeles law firm representing the developer. The Marina City Club Residents Assn.
September 14, 1986 | JUDY PASTERNAK, Times Staff Writer
The county Small Craft Harbor Commission has unanimously recommended allowing the conversion of 600 apartments at the Marina City Club from short-term rentals to long-term, prepaid leases--in effect, condominiums. The Board of Supervisors is expected to consider the proposal in October, said Eric Bourdon, assistant director of the county's Department of Beaches and Harbors. It would be the first long-term lease arrangement for individuals at Marina del Rey.
March 4, 2004 | Roger Vincent, Times Staff Writer
Real estate investment trust Essex Property Trust Inc. has purchased a 705-unit apartment complex in Playa Vista for $124.5 million from the developer of the master-planned community near Marina del Rey. The Fountain Park Apartments, which opened in 2000 at Lincoln and Jefferson boulevards, was the first development at Playa Vista to be completed by Playa Capital Co. of Los Angeles.
October 29, 1987 | DARYL KELLEY, Times Staff Writer
The company that took control of the Marina City Club 11 months ago has received county permission to market the luxury apartments as condominiums rather than long-term subleases in an effort to boost sales. The Board of Supervisors agreed Tuesday to change its lease with J. H. Snyder Co., operator of the club's three high-rise towers in Marina del Rey, to allow the company to sell the apartments as 80-year "condominium leaseholds."
December 10, 1987 | DARYL KELLEY, Times Staff Writer
Over the objections of its staff, the state Coastal Commission unanimously approved Wednesday the construction of a $45-million luxury hotel touted by Los Angeles County as the architectural centerpiece of its 800-acre Marina del Rey development. The commission, despite concerns that the project could limit access to the marina's only public beach, granted a development permit to Ritz-Carlton Hotel Co. for a 308-room, 14-story project at the northern end of the marina's main channel.
December 11, 1986 | BARBARA BAIRD, Times Staff Writer
The county and its controversial plan to sell long-term leases on 600 apartments at Marina City Club have won a major victory in Los Angeles Superior Court. Judge Warren Deering on Tuesday ruled that the county "in all respects" complied with legal requirements for providing proper notice and fair opportunity for public comment. He also ruled that the Board of Supervisors "acted upon substantial evidence" in approving the plan Oct. 7. Marina del Rey Residents Assn., in a lawsuit filed Oct.
August 1, 1991
Los Angeles County supervisors have agreed to open negotiations to reduce the rent on the exclusive Marina City Club in Marina del Rey after being told the developer has suffered significant losses and may close the facility. Like all businesses in the publicly owned marina, the Marina City Club operates on a long-term lease with the county.
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