Business

City Hall grants extension to Village developer

CIVIC CENTER — City Hall will receive more of the profits generated by the sale of condos built as part of the Village project here after elected officials earlier this week agreed to give the developer another two years to secure financing and begin construction. The modified development agreement with mega-developer Related... Read more →

Business

Emergency kits for seniors offered

The American Red Cross of Santa Monica and WISE & Healthy Aging have joined together to create emergeny kits for low income, home-bound seniors. The emergency kits were assembled by volunteers of the Santa Monica Red Cross and will be distributed throughout July by WISE & Healthy Aging care managers to their clients. The project was... Read more →

Business

City Hall honors McCabe’s fixture

PICO BLVD — Santa Monica officially has a new holiday to celebrate. Today, June 9, has officially been named Peter Case Day in honor of the long-time resident and musician who has been a fixture at the famous McCabe’s Guitar Shop for over a decade. City Hall is expected to issue a proclamation to Case, honoring him for his... Read more →

Business

Construction crews pack SM parking structures

DOWNTOWN — In recent months, employees, shoppers and tourists have had more than just each other to contend with as they duel it out for parking spaces in Downtown Santa Monica structures. With Santa Monica Place, the renovated mall at Broadway and Third Street, set to open Aug. 6, construction crews have been hustling to finish on... Read more →

Business

18th Street Art Center seeks public support

MIDCITY — Hit hard by unanticipated facility repairs, the 18th Street Art Center is asking the public for emergency donations to help close its $10,000 budget gap by June 30. After fixing problems with electrical wiring, roof damange, and wood rot, the center has been left with a doubling of its $35,000 annual maintenance... Read more →

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 →