Rising interest rates threaten viability of project; arbitration could decide controlling interest.
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
FULL STORY: Playa Vista Project Faces Arbitration
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
The City of Broken Sidewalks
Can Los Angeles fix 4,000 miles of broken sidewalks before the city hosts the 2028 Olympic Games?
Housing as a Climate Resilience Strategy
Ensuring that housing, including in informal settlements, is safe and healthy for its residents is a key tool in the fight to build more sustainable and equitable communities in the face of climate migration.
Southeast LA Road Safety Advocates Call for Improved Infrastructure
Streets in southeastern Los Angeles County have a severe lack of protected bike lanes and traffic safety measures, leading to high numbers of fatalities in a community where many residents depend on walking and biking for daily needs.
USDOT: Low-Income Households Bear Highest Transportation Cost Burden
Transportation costs are the second-highest household expenditure behind housing for all income levels.
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.
City of Prescott
Alamo Area Metropolitan Planning Organization
Village of Glen Ellyn
HUDs Office of Policy Development and Research
CORP - COnsulting Research Projects
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners