More than 30 years later, USC professor pays off debt. Real estate broker David Hyun and his former student at USC Marshall School of Business, Frank Gangi, president of Gangi Development, are having Peking duck together, which Hyun promised his business students if they made $1 million within 5 years of graduation. Frank Gangi was in Hyun's real estate development class in 1984. Hyun is an Arcadia resident, architect, and real estate broker.
TailoredSpace brings flexible co-working space to suburbs. TailoredSpace CEO Drew Sanden, a seasoned commercial real estate broker, launched TailoredSpace with COO Scott Maples in 2019. The company has been expanding its office campuses in Southern California suburbs, offering flexible co-working and communal spaces for fixed-price monthly memberships. Sanden said he cut his teeth in brokerage along the 210 Freeway corridor--Monrovia and Arcadia.
Chinese company's Arcadia subsidiary to pay more than $1 million in Los Angeles City Hall bribery case. Jia Yuan USA Co., Inc. part of China-based Shenzhen Hazens, is a developer that bribed LA City officials to secure official acts to benefit their real estate projects.
Arcadia man's 100th birthday to be family affair. Art Del Rey turns 100 this weekend. He is a World War II veteran (United States Navy). He had a successful career in real estate and started his own business in 1963, Art Del Rey Realty, Inc. in Arcadia, which thrives to this day.
Arcadia Transit Dial-a-Ride temporary modifications--offering transit assistance to senior/disabled riders who are self-isolating and who may need help by allowing caregivers of registered riders to use Dial-a-Ride to do essential errands for them.
Ruixue "Serena" Shi, 36, of Arcadia, was arrested for allegedly swindling more than $20 million that was solicited for funding a condominium and hotel complex called Hyde Resorts and Residences in Coachella Valley. Shi was president and owner of Global House Buyer (GHB), a China-based real estate development company, and also was CEO of the Beverly Hills-based company Hyde Morgan Development, LLC.
Arcadia kicks off 2020 City Council election. Final candidates in District 1 are Mayor April Verlato running for reelection and newcomer Yuli J. Sira. Verlato is currently on the last year of her first term on city council and she as elected mayor her last year. She is an attorney with Verlato and Roberts law firm in Arcadia. She is a native of Arcadia, with a long list of endorsements, including former mayors of Arcadia. Sira is a real estate agent with Coldwell Banker. District 4 has two candidates--longstanding council member and former mayor Peter Amundson and newcomer Paul Cheng. Amundson has completed three terms on City Council and served twice as mayor. He is an Arcadia native, with a long list of endorsements. Paul P. Cheng is a highly publicized attorney specializing in business operations and commercial realty transactions. He previously ran for Arcadia City Council in 2010. Also up for reelection is City Clerk Gene Glasco. He is running unopposed.
Arcadia resident, Ruixue "Serena" Shi, gets 20-year sentence for Coachella Valley fraud involving $22.8 million in funds for a condominium and hotel complex called Hyde Resorts and Residences Coachella Valley. Shi was president and owner of Global House Buyer (GHB), a China-based real estate development company, and also was CEO of the Beverly Hills-based company Hyde Morgan Development, LLC. Chinese investors in the Hyde project were falsely promised visas through the EB-5 Immigrant Investor Program.
Elections in Arcadia: what you need to know. The election for Arcadia City Council members in District 1 and District 4 is on Tuesday, April 14, 2020. It is a mail-in ballot, which can be dropped off no later than 8:00 PM on Election Day. In District 1, incumbent April Verlato is seeking re-election and is being challenged by businesswoman Yuli Sira, a real estate agent and partner in a local engineering company. In District 4, incumbent Peter Amundson seeks re-election and his challenger is Paul Cheng, an attorney
The 2024 Pasadena Tournament of Roses Royal Court has a Halloween moment. They spent the evening trick-or-treating at the Tournament House in Pasadena. Naomi Stillitano of Arcadia, who was crowned the Rose Queen last week, was dressed as Cupid from the movie "Valentine's Day."
For the first time in two years, the Arcadia Educational Foundation (AEF) Summer School Program for 2022 will happen in person for all grade levels. Due to the COVID-19 pandemic, summer school had to be conducted virtually during the summers of 2020 and 2021. As for health and safety, summer school has been adapted in accordance with the health guidelines and regulations that Arcadia Unified School District follows.
County Assessor reports solid growth for Arcadia in 2020 Assessment Roll. The Roll for 2020 has been closed and it reflects solid growth for Arcadia and the rest of the County. However, the Roll is pre-COVID. This comprehensive tally values more than 2.5 million real estate parcels in Los Angeles County and results in the very tax dollars that goes to pay for vital public services, such as healthcare, police, fire, schools, and even librarians, to name just a few. The County Assessor is constitutionally mandated to close the roll by the end of the Fiscal Year on June 30. The 2020 Assessment Roll has a total net value of $1.7 trillion, indicating the 10th year of consecutive growth. That value places $17 billion in the hands of the County to be used for those public services I just mentioned. This year the Roll has an added dynamic, the COVID-19 pandemic. Locally, Arcadia for 2020 came in at $18.3 billion for taxable values, which is a 4.4% increase over last year’s numbers. That includes 14,854 single-family homes, 809 apartment complexes, 995 commercial-industrial parcels for a grand total of 16,658 taxable properties. Growth is steady in Arcadia.
More importantly, that $18.3 billion translates into about $183 million for vital public services such as public safety, healthcare and public education that benefits Arcadia.
Show is a real gem in San Gabriel Valley. Pasadena Lapidary Society's annual Tournament of Gems Show, its 62nd, is now taking place at the Arcadia Masonic Center.
Chen Suen becomes first Asian American fire chief in Arcadia. He takes over from Barry Spriggs who retired November 8, after 29 years of service. Suen is an Arcadia resident. He emigrated from Taiwan. He graduated from Arcadia High School, and attended Loyola Law School, UC Irvine, and Santa Ana College, before spending the last 18 years with Arcadia Fire Department.
Santa Anita Park will stay closed; Derby to be rescheduled. Santa Anita Park will remain closed for live racing, at least through the upcoming weekend, as a result of last week's order by the Los Angeles County Health Department in response to the novel coronavirus (COVID-19) pandemic. More than 1700 horses are stabled at Santa Anita Park and are cared for by more than 750 people who live and work at the track. A track press release said, "We will continue to work with county officials and health authorities to familiarize them with the protocols already in place and our plans to protect the health and safety of the community who works with the horses and calls Santa Anita home."
Arboretum kicks off summer. Visitors to the 127-acre botanical garden and historical site, once the heart of Rancho Santa Anita--can enjoy seeing peacocks and the "Twilight Music and Cocktails at the Peacock Cafe Terrace."