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
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.
Real estate pros weigh in on Arcadia home size debate. Explains Arcadia residential land investment. Real estate professional Eric Rosa says big homes are not hurting real estate values and warns that the proposed ballot measure for April 12 to enact tougher limits on square footage, would be policy that can't be overturned by elected officials and would require a ballot initiative in 2018 to rescind voter-approved code amendments.
New ice cream shop in Arcadia is ready to roll. Instagammable ice cream awaits at Holy Roly Ice Cream, a Thai-inspired rolled ice cream. It is located at the Westfield Santa Anita Mall at 400 S. Baldwin Ave. #2220. Louis Kim, the owner and founder, is an architect and real estate developer.
Arcadia City Council declines to further consider moratorium on residential construction. Opponents of temporary development freeze turn out in force. State law requires a five-member municipal panel have at least four votes to approve a moratorium on real estate development. The Council could not muster majority support.
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.
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.
Santa Anita Park's ownership changed hands on April 30 after Frank Stronach's Magna Entertainment Corp. (MEC) transferred many of its assets to Stronach's MI Developments (MID) (one of MEC's creditors), as part of a bankruptcy restructuring plan. Last week MI Developments, a real estate operating company, canceled its 2005 agreement with Caruso Affiliated to develop to the proposed mall known as The Shops at Santa Anita, but this week MI Developments hopes to work out a deal with developer Rick Caruso to build an upscale retail project in the track's parking lot.
City to release first round of education campaign on Arcadia real estate rules and local zoning code in a forthcoming City newsletter. The campaign will include public meetings in November and an advisory committee comprised of Arcadia residents.
Six student-made murals line Arcadia High School’s halls. The murals are painted every fall by students in the Art Honors classes. The tradition of murals being painted traces all the way back to the 1980s.
Police seek San Marino High School student Mira Hu, who is believed to have run away after being dropped off at 7:30 AM at Arcadia High School for the SAT exam on Saturday.
Last year it seemed Santa Anita Park might be sold in a bankruptcy auction, but it appears owner Frank Stronach will keep an interest in the track. Under a deal arranged by Stronach's bankrupt Magna Entertainment Corp. (MEC) and its creditors in a Delaware bankruptcy court, ownership of the track would be transferred to MI Development, a real estate holding company controlled by Stronach. If a judge accepts the plan, Stronach would also retain ownership of Golden Gate Fields in the Bay Area, and Gulfstream Park in Florida. Also, it sets up developer Rick Caruso to proceed with building the Shops at Santa Anita mall that is proposed for the track's parking lot.
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.
A pictorial collection of historic estates and vintage homes from the collections of the Arcadia Historical Society is now exhibiting at the Ruth and Charles Gilb Arcadia Historical Museum, through August 20, 2011. Carol Libby curated it. On exhibit are Anoakia, the Southern California Nursery (later a residence), La Cuccia, Prince Eric of Denmark's home, and the Burnell Oaks Estate, among others.
Arcadia teachers and students unite for Measure A, the renewal of a parcel tax that helps provide stable school funding for Arcadias, on March 7 ballot. Previously approved in 2012, Measure A would authorize a "qualified special tax of $288 per parcel of taxable real estate property," an increase of $60 over the 2012 proposal. Citizen homeowners age 65 and over would be able to exempt their primary residence from the tax.
Arcadia High School students on Team C in the Engineering Design and Development class propel to first place in NASA challenge at the Orange Regional of the NASA Jet Propulsion Laboratory (JPL) Invention Challenge.
Hospitals battle overcrowding. Staff shortages, post-pandemic surges have created less-than-desired service. Dr. Emily Johnson, an emergency medicine physician at USC Arcadia, Keck Hospital of USC and Associate Medical Director at the Los Angeles General Medical Center speaks about her experience with the issue.