July 14, 2011 |
A prominent vacant lot on Wilshire Boulevard in Koreatown was bought for $21 million by a local developer who plans to build a retail and residential project and help create a public park. Don Hankey bought the land at 3670 Wilshire Blvd. on Wednesday from Shin Young America, a South Korea-based company that bought the site for $45 million in the mid-2000s, real estate broker Jimmy Chai said. Shin Young had dramatic plans for the 2.2-acre site east of Western Avenue calling for dual condominium and hotel towers as tall as 41 stories.
April 30, 2011 |
Speaking to Republican activists here, Donald Trump touted something other than his potential presidential bid and hit reality television show: Trump International Hotel and Tower, a gleaming luxury high-rise and his sole Las Vegas venture. "It's one of the greatest signs of all time," Trump said Thursday of the building's marquee, rising 64 stories above Las Vegas Boulevard. "You drive down that Strip, what do you see?" "Trump!" the crowd shouted in unison. "We got it built, it's doing great and we're very proud of it," the real estate mogul said, in remarks that were otherwise laced with profanity and attacks on President Obama.
CALIFORNIA | LOCAL
February 23, 2010 |
In Whittier, city officials are clearing the way for office buildings, retail shops and even homes to take root on the land where the vacant car lots stand. Classrooms offering lessons on green technology are being considered as a replacement for the deserted dealerships in Riverside County. And in coastal Ventura, a card club could soon take up residence among the Toyotas, Chevys and Jaguars being sold at the struggling Ventura Auto Center. For decades, cities have set aside vast expanses of land for auto malls and the dealerships have rewarded them with a steady flow of tax dollars, often providing 20% or more of an average town's sales receipts.
January 25, 2010 |
Winging west from Kentucky, William "Bird" Averitt once soared majestically for the Pepperdine basketball team. These days, he rarely leaves his nest. The nation's leading scorer during the 1972-73 season, when he averaged nearly 34 points a game for a school that had not yet built a gym on its then-newly opened Malibu campus, Averitt long ago clipped his wings. "I pretty much stay to myself," he says from his hometown of Hopkinsville, Ky., where he returned more than 25 years ago and never left.
January 24, 2010 |
"Mom? Is it OK if I check out our vacant lot?" "Go ahead," Mom said. "The boxes can wait." Matthew grinned. "Thanks!" "Do you like our new house, Matt?" "I love it!" Matthew yelled as he grabbed his baseball and bat, raced out the back door and around the house to the gap in the hedge. Suddenly, he stopped. A boy stood still as a statue on the other side of the vacant lot. "Hi," Matthew called. The boy spun around and ran inside. The next morning, when the neighborhood kids ambled off to school, the boy was not among them.
CALIFORNIA | LOCAL
January 6, 2010 |
In a world where identity theft is a major issue, authorities in Los Angeles have a name they can't get anyone to take. Somebody named "D. Smith" owns a 5,706-square-foot lot in South Los Angeles, and workers in the county tax collector's office want to know if he or she wants to sell it. Officials have spent 22 years hunting for the owner in order to collect property taxes on the vacant property that have gone unpaid since 1980. As the decades have gone by without the $275 or so yearly tax assessment being paid, the balance has grown and grown.