Hello, Honua! Grand Ownership Deal Approved - NBC Southern California

Hello, Honua! Grand Ownership Deal Approved



    Be the Toast of the Breeders’ Cup

    The Daily News follows up on yesterday's vote by the Los Angeles County Board of Supervisorsto approve adding a new partner-- the Honua Group, a group owned by three Korean insurance companies-- to Related Co's Grand Avenue project. With this second big partner (earlier this year, a Dubai investment group was added), Related remains in charge of operations and in control of the project, but if the company defaults, "Istithmar, Honua or a subsidiary would have the right to temporarily replace them as the developer." Meanwhile, the Grand's web site is showing a before and after we haven't seen before (images elongated). That squat structure on the left is the the doomed tinker toy parking lot.
    · Ownership change for Grand plan [Daily News]

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