DEL AMO FASHION CENTER TO UPDATE AND MODERIZE MALL AND ADD NORDSTROM TO THE LINE UP IN 2015

by | Dec 15, 2012 | a-South Bay, Blog, Redondo Beach, Torrance

FLASH As we speak Redondo Beach is filing suit to block Nordstrom from moving to Torrance.

Center of Controversy

Announced recently are plans to renovate and further develop the north and west sides of Del Amo Fashion Center beginning in 2013. The owners of the mall; Simon Property Group and J.P. Morgan announced their plans on December 11th along with Torrance Mayor Scotto. Nordstrom will be moving into the mall when all renovations are completed between 2013 and 2017.. Nordstrom will be moving from their present location in the South Bay Galleria. The exterior of the mall will be remodeled and re designed, the food court will be completely renovated into a garden environment, many parking spaces added along with other improvements. The older buildings on the west side of the mall will be torn down and replaced with the new home for Nordstrom. The goal is to return the mall to its former title of the biggest shopping center in the nation. The new mall is expected to add an additional $2-$3M in revenues for the city of Torrance when completed.

TWO NEW REDONDO BEACH HOTELS GET GO AHEAD

by | Nov 30, 2012 | Blog, Redondo Beach

The property at Marine Avenue and 405 freeway has been vacant for years and is now destined to house two new hotels. Financing for the two projects was approved by the City Council and plans are now going forward. A Marriot Residence Inn and a Hilton Garden Inn have been approved for the vacant 5 acre site. Both buildings will be 4 stories and have around 320 rooms combined. The site is close to the Metro Green Line station and the two hotels will be the first new hotels built in Redondo Beach in several decades. The city of Redondo Beach is going to financially back the project which will cost approximately $60M to complete. The 5 acre parcel of land has been vacant for years since the Malibu Castle closed in 2005. It is anticipated that the project will produce $2M annually for the city coffers. Construction should start soon with an anticipated completion in Mid 2014

Low Interest Rates + Low Prices = Another New Homeowner

by | Jun 19, 2012 | a-El Segundo, a-Long Beach, a-South Bay, b-Distress Sales, b-Foreclosure, b-Low Home Price, b-Low Interest Rates, b-Short Sales, Manhattan Beach, Redondo Beach, Torrance

With interest rates THIS LOW, you have higher BUYING POWER. This means you can buy a higher priced home and still qualify for your loan. Talk with your lender (or I can offer a lender referral) to get pre-qualified and then let’s get together. There are still...