Results tagged “development” from News 24/7
LOS ANGELES (AP) -- The deadline for General Growth Properties Inc.'s plea for an extension on more than $2 billion in debt expired Monday, but it wasn't immediately clear whether the troubled mall operator convinced any of its bondholders to give it more time to regain its financial footing.
The Chicago-based real estate investment trust, struggling to stave off a Chapter 11 bankruptcy filing, asked holders of $2.25 billion worth of bonds last week to put off calling in payments until the end of this year while it tries to refinance its debt load.
The consent solicitation, launched by its Rouse Company LP unit, expired at 5 p.m. EDT on Monday, although the terms included the possibility of an extension.
The Chicago-based real estate investment trust, struggling to stave off a Chapter 11 bankruptcy filing, asked holders of $2.25 billion worth of bonds last week to put off calling in payments until the end of this year while it tries to refinance its debt load.
The consent solicitation, launched by its Rouse Company LP unit, expired at 5 p.m. EDT on Monday, although the terms included the possibility of an extension.
Continue reading General Growth forbearance request deadline passes.
At Tuesday's council meeting, the Ontario City Council is expected to approve a resolution backing the construction of an NFL stadium in the City of Industry.
In the report to the council, the city is backing the stadium because of the benefits to the city. The city could receive additional sales tax and transient occupancy tax revenues and the amount would depend on the number of games, events and entertainment activities held annually.
The report says: "Ontario is located within a short distance of the proposed project location and has the unique advantage of being serviced by LA/Ontario International Airport, nearly 50 hotels offering over 5,100 rooms, and three major freeways providing access to the stadium from the east."
Read more at Ontario Now.
liset.marquez@inlandnewspapers.com
Read more at Ontario Now.
liset.marquez@inlandnewspapers.com
The Ontario City Council Tuesday will consider an ordinance to assist developers, land owners and business owners in the economic slowdown.
If approved by the council, the ordinance would grant a one-year time extension to all development plan, conditional use permit and variance approvals which are due to expire on or before March 1, 2010.
During the Jan. 20 meeting, the City Council directed staff to review the impacts of the current recession on development and land-use applications in the city and make recommendations that might assist developers, land owners and business owners through this economic slowdown.
A total of 95 applications would be affected by the granting of a one-time, one-year time extension.
liset.marquez@inlandnewspapers.com
Tonight could be the day of reckoning for Orchard Park and University Village.
The council approved the two development projects in September 2005. Plans call for 2,500 homes and apartments, commercial space, park land, trails and an 11-acre school site between Redlands Boulevard and Mission Road and west of California Street.
After the projects were approved, a citizens' group known as Save Loma Linda circulated petitions to require a referendum for each of the projects.
Continue reading Loma Linda Council to consider axing major projects.
The Loma Linda City Council has approved the next step in the process of establishing "quiet zones" in residential areas near Union Pacific Railroad tracks.
stephen.wall@inlandnewspapers.com
The council on Tuesday approved a contract for engineering services to design street improvements for quiet zones at Whittier and Beaumont avenues.
Quiet zones are areas where trains are prohibited from blowing their horns.
The city must meet certain requirements in order to get permission from the Federal Railroad Administration to install quiet zones.
The city has been working on the process for several years.
Read more at Loma Linda Now.stephen.wall@inlandnewspapers.com
It seems like it will never end.
The City Council decided not to take any action this week on revisions to the General Plan, the document that guides land use for the next 20-plus years.
Instead, the council sent the matter back to the Planning Commission.
The commission will make further recommendations and then it will go back to the council for a final vote.
That should happen in March.
Read more at Loma Linda Now.
stephen.wall@inlandnewspapers.com
On Tuesday, Seventh Street Development and CB Richard Ellis announced the completed demolition of the long-standing Blue Heron Paper Plant in Pomona's newly-transformed Western Gateway.
This paves the way for the proposed reuse of the 20-acre site. Seventh Street Development, in partnership with Genesis Real Estate Fund II, is working with CB Richard Ellis to market the proposed Valley-71 Business Park to potential buyers and tenants, with plans to secure the commitment of at least 200,000 square feet prior to beginning construction.
Wells Fargo Bank is providing the acquisition and construction financing. CBRE industrial market experts Lynn Knox, Barbara Emmons, Garrett Carter and Darla Longo are representing Seventh Street Development in the marketing of the buildings.
Read more at The Bizz.matthew.wrye@inlandnewspapers.com
Grand Terrace is working to resolve legal issues surrounding the long-awaited senior housing project.
The City Council met in closed session Tuesday night and discussed a potential settlement of a 2005 lawsuit filed by a residents' group regarding the 120-unit apartment complex for low and middle-income seniors.
The council directed City Attorney John Harper to attempt to resolve an appeal in the case and enter into a final settlement agreement.
The City Council met in closed session Tuesday night and discussed a potential settlement of a 2005 lawsuit filed by a residents' group regarding the 120-unit apartment complex for low and middle-income seniors.
The council directed City Attorney John Harper to attempt to resolve an appeal in the case and enter into a final settlement agreement.
The Redlands City Council has voted unanimously to enter into a confidentiality agreement with Redlands Mall owner General Growth Properties which would prevent council members or city employees from making public any details of a possible mall purchase.
Redlands Redevelopment Agency Director Dan Hobbs said the city has conducted informal conversations with Martin Bahtra, General Growth's senior development director, relating to the future of the Redlands Mall.
The financial setbacks facing General Growth and Gottschalk's, Inc., a mall tenant, led the City Council to instruct city staff to monitor the mall's situation closely, Hobbs said.
Redlands Redevelopment Agency Director Dan Hobbs said the city has conducted informal conversations with Martin Bahtra, General Growth's senior development director, relating to the future of the Redlands Mall.
The financial setbacks facing General Growth and Gottschalk's, Inc., a mall tenant, led the City Council to instruct city staff to monitor the mall's situation closely, Hobbs said.
Continue reading Redlands enters discussions to possibly buy Redlands Mall.
The Highland Design Review Board on Tuesday reviewed a development plan for 133 homes on about 22 acres on the southeast corner of Greenspot Road and Orange Street.
Concerns centered around street right-of-ways, drainage and a proposed trail and open space, and how the project relates to another neighboring development approved by the city a couple of years ago, said John Jaquess, Highland's community development director.
City staff will prepare a packet for the Planning Commission to review at an upcoming meeting, likely in March, Jaquess said.
In other news, the board approved a sign program for a new Farmer Boys restaurant and a stand alone retail building on a 1 1/2-acre parcel of land on the northwest corner of Fifth Street and Palm Avenue.
The restaurant is currently under construction.
Read more at Highland Now.
I always thought the city's first Fresh & Easy would be either on Foothill and Vineyard or Haven and Church -- two locations that are being planned. I was wrong.
The U.K.-based grocer, which opened a new store in Chino Hills today, will open a location on Foothill and Day Creek in the plaza where BevMo and REI are. The site was once occupied by Drexel Heritage furniture store.
Carol Plowman, the broker of that center, said the lease was recently signed and the store is expected to be open by June.
Read more at RC Now.wendy.leung@inlandnewspapers.com
Redevelopment in neighborhoods near San Bernardino International Airport could transform an area of older houses and vacant lots into a more business-focused area, officials said.
The City Council, acting in its role to oversee the San Bernardino Economic Development Agency, voted unanimously Monday night to participate in a joint venture with other local agencies to buy real estate in an unincorporated area near the airport.
The City Council, acting in its role to oversee the San Bernardino Economic Development Agency, voted unanimously Monday night to participate in a joint venture with other local agencies to buy real estate in an unincorporated area near the airport.
Continue reading Redevelopment project in store near San Bernardino airport.
After years of delays and much controversy, the new Loma Linda University Heart and Surgical Hospital is set to open Tuesday, Jan. 6.
The new hospital will offer services in cardiac care, urology, women's health, head and neck care, and minimally invasive surgery.
The public is invited to a special grand opening ceremony at 10 a.m. at the hospital at 26780 Barton Road.
Most of the 28 beds in the facility are private rooms with outdoor patios.
Patients will be able to enjoy services and amenities similar to a five-star hotel, said hospital administrator Jesse Mock.
Read more at Loma Linda Now.
stephen.wall@inlandnewspapers.com
The city's Planning Commission meets on Wednesday, Jan. 7 to review plans for a 10-unit condominium complex in the 25400 block of Cole Street.
The proposal also calls for a recreation area and private yards for each unit.
A single-family home on the site is slated for demolition as part of the project.
The panel meets at 7 p.m. in the City Council Chambers, 25541 Barton Road.
Read more at Loma Linda Now.
stephen.wall@inlandnewspapers.com
Officials here will discuss what's up with downtown, in a public workshop next week.
In a meeting scheduled for Jan. 6, housing and redevelopment staffers will present to the City Council highlights of its Downtown Vision and Strategic Plan.
"We think we have a plan the community will be happy with," said John Dutrey, housing manager for the city.
Tuesday's meeting will start at 6 p.m. in Council Chambers at 150 South Palm Ave.
josh.dulaney@inlandnewspapers.com
In a meeting scheduled for Jan. 6, housing and redevelopment staffers will present to the City Council highlights of its Downtown Vision and Strategic Plan.
"We think we have a plan the community will be happy with," said John Dutrey, housing manager for the city.
Tuesday's meeting will start at 6 p.m. in Council Chambers at 150 South Palm Ave.
josh.dulaney@inlandnewspapers.com
Plans to revitalize a blighted corner are running into resistance.
The city hopes to redevelop about 3.5 acres at the northwest corner of Barton Road and Mount Vernon Avenue with a Walgreens and a Fresh & Easy Neighborhood Market.
Three of the four buildings on the property, which housed several businesses, were demolished about two weeks ago.
But the GT Tobacco Shop won't budge.
The city hopes to redevelop about 3.5 acres at the northwest corner of Barton Road and Mount Vernon Avenue with a Walgreens and a Fresh & Easy Neighborhood Market.
Three of the four buildings on the property, which housed several businesses, were demolished about two weeks ago.
But the GT Tobacco Shop won't budge.
Continue reading Grand Terrace shopping center hits snag.
A proposal to build 133 single family homes on Greenspot Road, east of the Golden Triangle, will be reviewed and discussed at the Design Review Board's Jan. 6 meeting.
Santa Ana-based Centerstone Communities is planning to build the homes on the southeast corner of Greenspot Road and Orange Street, near Beattie Middle School and across from the Village Lakes neighborhood.
It should take about four to six months for the project to go through the various approval processes at the city level before any grading can begin.
The developer hopes to start building by the end of 2009, said Bernie Mayer, president of Yucaipa-based Sitetech, Inc., a civil engineering company hired by the developer to prepare the grading and infrastructure plans.
"We're early on in the review process here," said John Jaquess, Highland's community development director. "It'll probably go to the Planning Commission some time in February or March."
In other news, the board is expected to review and approve building and monument sign proposals for a new Farmer Boys restaurant being built on the northwest corner of Palm Avenue and Fifth Street.
The restaurant is being built on a 1 1/2-acre parcel, and is expected to be finished in the Spring, Jaquess said.
Read more at Highland Now.
SACRAMENTO (AP) -- California has filed suit against the Bush administration to block last-minute endangered species regulations that are intended to reduce input from federal scientists, Attorney General Jerry Brown announced today.
Brown said the president is trying to gut the Endangered Species Act before he leaves office next month.
"Unfortunately, the Bush administration has had an antipathy to using sound science," Brown said Tuesday in a telephone interview with The Associated Press. "This is the latest assault as Bush goes out the door. It's intolerable."
Brown said the president is trying to gut the Endangered Species Act before he leaves office next month.
"Unfortunately, the Bush administration has had an antipathy to using sound science," Brown said Tuesday in a telephone interview with The Associated Press. "This is the latest assault as Bush goes out the door. It's intolerable."
Continue reading Calif. sues to block Bush endangered species rules.
Somehow, I don't think Hyatt is going to finish building their fancy hotel on Haven Avenue this winter. Or maybe this is it -- a no-frills Hyatt for people who want to slum it a la Tent City.The hotel chain has a five-year entitlement on this piece of property on Haven and Sixth, according to Mike Nelson of the redevelopment agency.
Haven Avenue was set to become a major office corridor in the city and although several projects have been completed, many offices and open fields remain empty. On the northwest corner of Haven and Arrow is another empty patch with a sign that reads, "Ground breaking 3rd quarter of 2008."
Read more at RC Now.
wendy.leung@inlandnewspapers.com
The days when San Bernardino County's population was booming appear to be over.
The county's population is holding steady.
"The county is definitely not losing population," said Linda Gage, senior demographer with the California Department of Finance. "Starting in 2006, there was a slowdown."
Gage was referring to data released Dec. 17 by the department, which showed that compared to previous years, the county's population gains this year were modest.
The county, whose population is slightly more than 2 million, added 22,377 residents in 2008. But that number is less than half the numbers witnessed at the peak of the county's growth from 2003 to 2005. In 2004, for example, the county gained nearly 54,000 residents.
For the first time in the eight years, the county's net migration number was negative, indicating that more people are leaving the county than are moving in.
Gage said what helped keep the county's population from declining was the number of births -- 35,570 in 2008.
The county has typically had positive net migration, bucking an overall trend in California.
"Now, you're beginning to look a little bit more like the state," Gage said.
Read more at Behind the Story.
lauren.mcsherry@inlandnewspapers.com
The county's population is holding steady.
"The county is definitely not losing population," said Linda Gage, senior demographer with the California Department of Finance. "Starting in 2006, there was a slowdown."
Gage was referring to data released Dec. 17 by the department, which showed that compared to previous years, the county's population gains this year were modest.
The county, whose population is slightly more than 2 million, added 22,377 residents in 2008. But that number is less than half the numbers witnessed at the peak of the county's growth from 2003 to 2005. In 2004, for example, the county gained nearly 54,000 residents.
For the first time in the eight years, the county's net migration number was negative, indicating that more people are leaving the county than are moving in.
Gage said what helped keep the county's population from declining was the number of births -- 35,570 in 2008.
The county has typically had positive net migration, bucking an overall trend in California.
"Now, you're beginning to look a little bit more like the state," Gage said.
Read more at Behind the Story.
lauren.mcsherry@inlandnewspapers.com
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