Two bidders that had been attempting to take over Santa Anita Companies announced that they are joining forces. If the deal goes through, Koll Arcadia Investors and Colony Capital Inc., would own approximately 70% of Santa Anita's stock.
Newport Beach real estate developer Don Koll and Leon Black of New York-based Apollo Real Estate Advisors have made an unsolicited offer to invest approximately $180 million in Arcadia-based Santa Anita Cos.
Westfield Shoppingtown has withdrawn its request to expand restaurant space at its new Promenade wing, following a legal challenge by rival mall developer Caruso Affiliated. In August, Caruso sued to stop the expansion, demanding a new environmental impact report. Westfield has decided not to fight this lawsuit.
Trainer John Sadler, a 54-year old Long Beach native, watched from home with a knee injury, as his trainees Switch, Sidney's Candy, and Twirling Candy) win three stakes races on Santa Anita Park's opening day of the 2010-2011 season, its 74th racing season.
Seen as retaliation for Westfield tactics, Caruso Affiliated announced it would ask Arcadia voters to block mall rival Westfield from leasing space to Target Stores or a similar "big box" discounter.
Westfield Group has vowed not to donate to City Council campaigns in the April 2006 election, joining mall rival Rick Caruso and Caruso Affiliated, who made a similar pledge in September.
In a major retreat from its campaign to develop land south of the Santa Anita Park race track, Santa Anita Realty Enterprises has withdrawn its application to build a $300 million entertainment complex.
Santa Anita Park opens today. It kicks off its 75th winter/spring meeting with its first post at noon. The 79-day race meeting continues through April 22.
Is Breeders' Cup next fatality? Santa Anita Park trips its way to finish line of disastrous meet that saw 30 horse fatalities. Protesters gather outside Santa Anita Park on the final day of the winter/spring meet. Breeders' Cup board meets in New York to decide if it really wants to honor its commitment to Santa Anita Park in November. See also same date, p. B1, B7 "Questions abound as Santa Anita meet ends," by Art Wilson.
SEC reports show Gemcoin, USFIA were set up to 'defraud investors.' USFIA claimed it had amber mines, millions in precious gems, and other assets to back up its digital currency called Gemcoin, but none of that was real.
A Los Angeles-based investment firm will infuse the Santa Anita Cos. with $138.3 million to transform the race track and shopping mall business into a broad-based sports, leisure and entertainment company.
The Thoroughbred Racing Association of California is trying to put together a bid for Santa Anita Park, with plans to run it as a nonprofit arm of the Thoroughbred Owners of California. Santa Anita Park race track was to be auctioned this week but no acceptable opening bid was made.
Santa Anita Park plans to make at least half of approximately 600 equipment rooms and dormitory rooms available as living quarters for its back-stretch workers.