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.
There is no print of this negative. The negative is a Baldwin tract map for the Santa Anita Colony. The 800 acres of Santa Anita Colony were bounded by today's Duarte Road on the north, Live Oak Avenue on the south, El Monte Avenue on the west and Second Avenue on the east.
Westfield Shoppingtown has withdrawn its request to expand restaurant space at its new Promenade wing, following a legal challenge by rival mall developer Caruso Affiliated.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.
The fate of Santa Anita Park remained up in the air following a sudden management shake up at its corporate parent, Meditrust Cos. Meditrust Chairman and CEO Abraham Gosman resigned Tuesday.
The Arcadia City Council reaffirmed its decision to barricade Hillcrest Blvd. near Valencia Way. The reasoning is that motorists would then be forced to disperse traffic rather than concentrate usage on one street.
Arcadia joins Clean Power Alliance of Southern California (formerly Los Angeles Community Choice Energy Authority). The alliance is made up of 31 member jurisdictions in Los Angeles and Ventura Counties that will purchase electricity for sale to their communities. Clean Power Alliance intends to purchase cleaner, more renewable electricity.
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.
Arcadia City Council hears report on Phase Two of the Arcadia Public Library Strategic Plan. It outlines the need for additional funding to the Strategic Plan to accommodate for remodeling and additional office space and staff.
City contemplates approval of Phase Two of Arcadia Public Library's Strategic Plan. The Strategic Plan outlined the current budget, proposed budgetary increases, and proposed plans for improvement of the library's facilities and staffing needs.