Playa Vista In Arbitration

Rising interest rates threaten viability of project; arbitration could decide controlling interest.

Read Time: 1 minute

June 15, 2000, 5:21 AM PDT

By Chris Steins @urbaninsight

The Wall Street Journal reports that real estate heavyweight Robert F. Maguire III entered into arbitration with partner Playa Capital over plans to sell a commercial parcel at Playa Vista. At issue are the rights to develop Playa Vista, which includes six million square feet of office and retail space, 750 hotel rooms, 13,000 housing units -- all valued at $8 billion. McGuire would need as much as $500 million to buy out his Playa Vista partners on the 1,087-acre commercial and residential project. Construction has already begun on a 400+ unit apartment building and visitor center, although last year DreamWorks SKG dropped plans to build a studio on the site.

Thanks to Chris Steins

Wednesday, June 14, 2000 in Wall St. Journal


The Top Urban Planning Books of 2022

An annual list of the must-read books related to urban planning and its intersecting fields.

November 28, 2022 - James Brasuell

The  Rue Sainte-Catherine in Bordeaux is crowded with pedestrians in a lively European scene.

European Cities Act on Density

The sprawling mass of suburbia has been a disaster for the environment. But now smaller, denser cities herald a renaissance in city living.

November 20, 2022 - Wired Magazine

Victorian two-story buildings with retail shops in downtown Nashvile, Tennessee

Nashville Sets Downtown Parking Maximums

Nashville is the latest city to enact a substantive change to the parking requirements set by the city’s zoning code—doing away with parking minimums and setting parking maximums in the city’s Urban Zoning Overlay.

November 20, 2022 - The Tennessean

Home Sold Sign

Freddie Mac, Fannie Mae to Back $1 Million Mortgages

Expensive housing markets are about to cross a symbolic threshold.

7 hours ago - The Wall Street Journal

The land locked Salton Sea, seen from the air, is surrounded by mountains, desert, and farm land.

Controversial Agreement Yields Funding for Salton Sea Restoration

An unprecedented, but deeply controversial, agreement changes the equation for the Colorado River and the Salton Sea.

November 30 - Palm Springs Desert Sun

People examining parked goMARTI vans at launch event

Grand Rapids Tests First Rural Autonomous Shuttle

The town launched a five-vehicle fleet aimed at improving mobility for residents in the rural community.

November 30 - The Daily Yonder

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.