Source: Los Angeles Business Journal
Source: Los Angeles Business Journal
The City of San Francisco released the above video as part of a campaign to attract US-bound travelers from Australia and New Zealand to connect in San Francisco International Airport. While the "bad airport" featured in the cheesy video isn't directly referred to as LAX, our humble international terminal is the only other one with direct flights to Sydney and Aukland. OK, OK, we know LAX isn't the most pleasant airport to travel through, but it's getting an expensive upgrade! And besides, could the production quality of that video been any lower (c'mon, Gavin Newsom as a cab queue attendant)?
Source: LA Times
At the annual Town Hall Los Angeles meeting held last month, the chairman of Korean Air and owner of the Wilshire Grand hotel spoke of the urgency of jumpstarting his ambitious $1b redevelopment of that prime Wilshire Blvd spot. Since the economy soured, construction lending has largely frozen citywide. Downtown properties have been particularly insolvent, struck by an aftermath of an overspeculative pre-bust boom. Perhaps in a last ditch attempt to attract supporters, investors, and lenders, chairman Yang-Ho Cho promised 8,000 construction jobs and 4,000 permanent jobs to result from the project. Plans call for 560 hotel rooms and a 65-story office tower. Whether downtown's hotel and office market is built out remains to be seen.
Source: Korean Air
The historic Second Church of Christ, Scientist building on Adams Blvd near USC was just bought by the Art of Living Foundation, after sitting vacant for a number of years. The 100 year old building has become somewhat of a landmark in the North University Park neighborhood, and is notable for its wide-span oxidized copper dome and its soaring Corinthian columns. It was built in 1910 as the West Coast sister to Boston's First Church of Christ, Scientist, and has been listed on the National Register of Historic Places since 1986. The Art of Living Foundation, a 30 year old local spiritual group dedicated to yoga and meditaion, paid an estimated $10m for the property. A new-age Eastern religion taking the reigns from an older new-age Western religion? How LA.
Source: LA Times
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