November 26, 2012 |
The parent company of Playa Vista is set to be sold to a Canadian developer that intends to finish building the housing approved for the planned community near Marina del Rey, according to people close to the deal. Brookfield Homes is buying Playa Capital Co. and gaining command of more than 50 acres of land near the coast. The transaction, valued at more than $250 million, is set to close at the end of the month, according to the individuals, who wished to remain anonymous because the deal isn't wrapped up. Playa Vista has been under development for more than a decade.
November 26, 2012 |
The parent company of Playa Vista is set to be sold to a Canadian developer that intends to finish building the housing approved for the planned community near Marina del Rey, according to people close to the deal. Brookfield Homes is buying control of Playa Capital Co. and gaining command of more than 50 acres of land near the coast. The transaction, valued at more than $250 million, is set to close at the end of the month, according to the individuals, who wished to remain anonymous because the deal isn't wrapped up. Development at Playa Vista has been going on for more than a decade.
November 19, 2012 |
The Psychic Temple, a long-abandoned Long Beach landmark that is one of the city's oldest commercial structures, will be converted to office space as redevelopment attracts new residents and businesses to downtown. Advertising agency InterTrend Communications will start making improvements this week on the brick building at 224 E. Broadway near Long Beach Boulevard. It is converting the top two floors that were formerly residential spaces into offices for the firm and preparing the ground floor and basement for retail tenants such as a restaurant.
November 13, 2012 |
WASHINGTON - After a grueling campaign season that left the Capitol all but deserted for nearly two months, the House and Senate were buzzing for the start of the lame-duck session. As senators and congressmen trickled into their offices Tuesday, the newly elected class of House members was checking into a hotel down the street, preparing for a marathon introduction to the ways of Washington. On the agenda: seminars on ethics and parliamentary procedure, a class photo, dinners and meet-and-greets, and an office space lottery.
November 8, 2012 |
As the federal government reduces military spending, aerospace giant Boeing Co. is continuing to shrink its footprint in Southern California. One of the region's largest employers, the Chicago company said it is trimming its executive workforce 30% from 2010 levels, selling office buildings in Seal Beach and demolishing one in Huntington Beach. It has already sold property in Anaheim. These are the latest moves by the company in the last two years to bring down costs by relocating defense programs, slowing production lines and reducing its workforce in Southern California.
October 21, 2012 |
Renters ruled the roost again in the third quarter as Southern California's office market remained flat even though some employers are expanding again. The bright spot in Los Angeles County continued to be the neighborhoods of Santa Monica, Venice and Playa Vista, where growing technology and entertainment companies are snapping up space, undeterred by rising rents. As one travels east, though, the picture grows more spotty for landlords. "It's like a wave heading out from Santa Monica," broker Josh Wrobel said.
CALIFORNIA | LOCAL
September 5, 2012 |
The imposing white U.S. Courthouse on Spring Street overlooking the 101 Freeway has hosted some of Los Angeles' most memorable legal dramas. Clark Gable and Charlie Chaplin faced paternity trials there. The House Committee on Un-American Activities convened at the court for hearings on communism in Hollywood. In the summer of 1971, Daniel Ellsberg spoke out against the Vietnam War on its front steps as he defended himself in the Pentagon Papers case. But the grand courthouse now sits at the center of a political battle over its future.
CALIFORNIA | LOCAL
August 9, 2012 |
Members of the Los Angeles wartime veterans group never thought they would end up in a home-front fight. That's what is happening at Patriotic Hall, however, as American Legion leaders battle to stay in the place they have called home for 87 years. Los Angeles County is wrapping up a $45.4-million renovation of the 10-story neo-Italian Renaissance landmark at 1816 S. Figueroa St. and is preparing to reopen it for use by veterans' organizations. But the American Legion and a dozen other veterans' groups worry that they won't be getting their old office space back.
July 15, 2012 |
The L.A. Mart, a 12-story complex in downtown Los Angeles, has been purchased for about $55 million by Glendale investors. The 784,000-square-foot property at 1933 S. Broadway is a combination design center, office and showroom, real estate brokerage Madison Partners said. It serves the interior design, gift and home furnishing industries. Los Angeles County also leases more than 140,000 square feet of office space at the L.A. Mart. Vornado Realty Trust sold the property to a limited liability corporation called PHR LA Mart.
June 21, 2012 |
Cui bono? That's what Wall Street Journal columnist Peggy Noonan asks. "Who benefits" from recent leaks of intelligence information to the media? The answer is obvious, Noonan writes, and therefore so is the source of the leaks: It's the folks in the Obama administration, who want to make their man look steely and steady at the helm of U.S. foreign policy. Noonan charges "high administration sources" with "diarrhetic volubility" that is "a real breakthrough in the history of indiscretion.