The Santa Anita Cos., Monday reaffirmed its commitment to the previously announced strategic alliance with Colony Capital and its affiliates, saying that a rival bid by Newport Beach based Koll Arcadia Investors was "incomplete."
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.
Santa Anita REAlty Enterprises has poured more than $78,000 into the campaign to defeat Measure M, the Nov. 5 ballot measure to give voters veto power over the development of an entertainment complex near the company's race track.
The campaign over a controversial ballot measure to restrict development at Santa Anita Park race track is heating up, with two community groups coming out against the initiative and a new group being formed to support it. Measure M requires a majority vote of approval from Arcadia residents for any change in land use requested by Santa Anita.
Two men, including 22 year old Arcadian Jimmy Palma, were convicted of five counts of first-degree murder for shooting three adults and two children last year in El Monte.
A federal judge set bail at $100,000 Friday for Arcadia resident Po Chieng Ma, accused in a scheme to funnel graduate-school test answers from coast to coast and provide them to test-takers on coded pencils.
Methodist Hospital of Southern California has been grappling with the cultural differences brought about by the influx of Chinese Americans to Arcadia surrounding communities.
One year has passed since the Sully-Miller Contracting Co. filed a $2 million breach-of-contract suit against Arcadia, claiming the City illegally terminated it from the Downtown 2000 project.