Business

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Mall movie theater approved

DOWNTOWN — The performances were impressive but the ending was kind of predictable at Tuesday’s City Council meeting. Council voted quickly and unanimously to approve the first new Downtown Santa Monica movie theater in decades. An ArcLight Cinema with 10 to 13 screens and up to 1,500 seats will be built on the third level of the... Read more →

Business

Apartment owners sting short-term renting tenants

CITYWIDE — Bill Dawson found the keys — in an envelope between the screen door and the front door — and let himself into the Airbnb unit he’d rented. Inside was a welcome letter and list of recommended restaurants, just like a hotel, he thought. A note from the host said he should call if he had any problems. Dawson did have a... Read more →

Business

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GoCoin brings digital money to the mainstream

DOWNTOWN — Steve Beauregard is a leader of the ever-growing online payment phenomenon known as bitcoin. His GoCoin company is seeking to make digital currency mainstream. We sit down with him and pick his brain on the burgeoning trend and how his company will play a part in it.   Erik: What made you want to be an... Read more →

Business

Refendum signatures good: Council reconsiders Hines

CITY HALL — City Council will have to reconsider its controversial decision to approve a major development project. The Los Angeles County Clerk deemed 6,800 referendum signatures legitimate, enough to put the future of the Hines development agreement into the hands of the voters. The ordinance approving the development agreement for... Read more →

Business

Rents reaching highest levels ever

CITYWIDE — Santa Monica market rate rents in 2013 were the highest in the city’s history, according to the Rent Control Board’s Annual Report. In 1998, 83 percent of rent controlled units in the city by the sea were affordable to households making 80 percent or less of the area median income. Today, only 5 percent are. This is due in... Read more →

Business

Laemmle looking to add screens, reduce seats

SECOND STREET — Laemmle executives want the Monica 4 movie theater to expand and contract. The Second Street cinema currently has four screens and about 1,100 seats but a proposed makeover would add two screens and drop the seat total to below 500, said Laemmle CEO Greg Laemmle. The largest theater would hold about 150, which is about... Read more →

Business

Tenant harassment claims rising

CITYWIDE — As rents rise in the city by the sea so have claims by tenants who say their landlords are harassing them. This fiscal year, Santa Monica City Hall is on pace to receive 43 official harassment complaints from renters. Last fiscal year they heard 38 and the year before it was 34. There have been 34 so far this year with more... Read more →

Business

Second cinema in works for Downtown

DOWNTOWN — A second new movie theater is being planned for Santa Monica. ArcLight Cinemas is in negotiations with City Hall to put a theater on the land where Parking Structure 3 currently stands — on Fourth Street at Arizona Avenue, said Andy Agle, director of Housing and Economic Development. A preliminary agreement that would... Read more →