June 5, 2003 |
Post Paseo Colorado Apartments, a 391-unit complex set atop the Paseo Colorado shopping center in Pasadena, have been purchased for $98 million by a subsidiary of MetLife Inc. SSR Realty Advisors Inc. bought the luxury apartments from a joint venture of Post Properties Inc. and the New York State Common Retirement Fund. The apartments were part of a major makeover of an aging mall on Colorado Boulevard east of Old Pasadena that was completed by Trizec Properties Inc. in 2001.
January 21, 2003 |
A man of my acquaintance, in the state of what was once considered midlife, recently discovered that he had a few things to figure out. And it was decided by him and his wife of many years that it would be best for all concerned if he did this figuring out at an address other than the one they shared. Which is how he found himself living in a studio apartment above Macy's.
January 4, 2003 |
Yet another area mall has been snapped up. Developers Diversified Realty Corp., the builder of the Pike retail project on the Long Beach shore, said it and a partner would buy the Paseo Colorado shopping center in Pasadena for $114 million from Trizec Properties Inc. Developers Diversified said in a Securities and Exchange Commission filing that it was acquiring 25% of the site for $28.4 million. The lead buyer was not identified, but Pasadena real estate sources say it is Lehman Bros.
November 25, 2002
Guide to clubs, gyms BALLY TOTAL FITNESS (www.ballyfitness.com) The club allows nonmembers to work out for two weeks for free. Apply online for a guest pass. Also, the day after Thanksgiving, Bally opens up all of its clubs for a free workout on Feeling Fat Friday. Hollywood: 1628 N. El Centro Ave., Los Angeles; (323) 461-0227. Pasadena: 45 S. Arroyo Parkway, Pasadena; (626) 577-8588. West Los Angeles: 1914 S. Bundy Drive, Los Angeles; (310) 820-7571. North Hollywood: 13069 Victory Blvd.
September 15, 2002 |
When I heard the famous Milan restaurant Bice was opening a branch in Pasadena's new Paseo Colorado, my first thought was, "Why?" Bice had opened a high-profile Beverly Hills restaurant in 1989, which managed to hang on, just, for almost five years before closing. They want to try again? Even in Milan, Bice is beloved more for its elegant, old-fashioned ambience and solicitous waiters than for its rather staid food.
November 9, 2001 |
Paseo Colorado, the $130-million TrizecHahn retail development in downtown Pasadena, is yet another example of the now familiar formula: mixed-use urban malls that seek to replicate the experience of a real city. Designed--again--by Ehrenkrantz Eckstut & Kuhn Architects, this one is cloaked in a veneer of Spanish colonial imagery. But its essential features are indistinguishable from Hollywood & Highland: a multiplex theater, chain restaurants and rows and rows of shops.