Business

New movie studio to open in Santa Monica

DOWNTOWN — A new, independent movie studio with $500 million to spend is about to call Santa Monica home. Monarch Pictures is currently in the process of assembling its executive team and selecting a studio head, a process which should take a couple months, said Marvin Silverman, the studio’s director of public relations. The... Read more →

Business

Most large developments not in compliance

CITY HALL — With lax enforcement and no annual reviews before the City Council, most developers who promised “community benefits” in exchange for permission to build bigger projects in Santa Monica have failed to live up to their commitments, according to a City Hall report. The report was the product of a year-long review... Read more →

Business

Macerich reports $6.4M loss

DOWNTOWN — Santa Monica-based mall operator Macerich Co. today reported a loss of $6.4 million, or 8 cents per share, for the quarter ended March 31, compared with net income of $14 million, or 18 cents per share, for the same period in 2009. Macerich, a real estate investment trust, reported quarterly net operating income up 1.8... Read more →

Business

Council approves St. Monica’s development plan

CITY HALL — The City Council on Tuesday night unanimously approved an agreement to allow St. Monica Church to renovate and expand its property at California Avenue and Lincoln Boulevard by adding a community center, new classrooms and nearly 100 new parking spaces. The church is also planning to knock down one structure on its campus... Read more →

Business

Montana merchants give shoppers a nice tax break

MONTANA AVE — It’s tax time again, but at least at shops on Montana Avenue, it’s also time for a break. Merchants on the popular street are preparing for “Tax Free Day” this Saturday, an annual promotion retailers hope will bring in shoppers and make cash registers hum. With a sales tax rate of 9.75 percent in... Read more →

Business

Boys & Girls Club cooks up fun

The Boys & Girls Club of Santa Monica is celebrating national Boys & Girls Club Week by throwing a family festival featuring a chili cook-off on Saturday. This is the first ever chili cook-off hosted by the Boys & Girls Club. Although participants will have to wait until 4 p.m. for the cook-off to commence, the entire day is... Read more →

Business

No love lost in battle over The Parlor

CITY HALL — A dispute that pits a business interest against a group of angry residents will be front and center at City Hall tonight as the City Council considers the fate of The Parlor, a restaurant and bar accused of being a nuisance that is fighting back against restrictions its owners say could run them out of business. At issue is... Read more →

Business

Councilman wants development ‘time-out’

CITY HALL — Developers hoping to build projects that go above and beyond City Hall’s zoning rules could have to put their plans on hold under a proposal set to come before the City Council next week. The proposal by Councilman Kevin McKeown would postpone hearings on all projects seeking development agreements with City Hall for... Read more →

Business

Parlor prepares for legal battle

CITY HALL — Well-known Santa Monica attorney Chris Harding has entered the drama surrounding The Parlor, a restaurant and bar on Wilshire Boulevard that has attracted City Hall scrutiny and angered homeowners who claim it’s a nuisance. Accused of operating without proper permits and bringing drunken late-night crowds to the... Read more →

Business

Eastside development plans cause alarm

EASTSIDE — A slew of commercial and residential developments proposed for the eastside of Santa Monica is causing alarm among neighborhood groups who fear the projects aren’t getting a careful enough analysis from City Hall and have the potential to turn a bad traffic problem in the area into a disaster. The projects are... Read more →