Apsara Long Beach, a proposed 161-unit development at 400 E. Anaheim St., is one of thousands of housing developments being proposed across the country. But unlike those projects, it could alter the way we zone for residential and how we develop our inclusionary ordinances.
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Auction for Laguna Niguel’s Ziggurat closes with $177 million final bid
In yet another surprising twist surrounding Laguna Niguel’s Ziggurat, a real estate startup from Long Beach says it’s the winning bidder for the government office complex.
Hilco Development Services said Tuesday, Nov. 5, that it won a lengthy federal auction for the Chet Holifield Federal Building and its 89 acres of prime south Orange County land.
The company’s $177 million bid – $107 million above the initial asking price – was the highest in an online auction with unidentified bidders that ran almost five months and ended Oct. 24.
The Prospector: Preserving a Long Beach Landmark
The Prospector bar and restaurant has served its prime rib and fried chicken dinners at the corner of Junipero Avenue and Seventh Street—where dive bar lovers, karaoke superstars and local musicians also showcased their work—since 1965.
But soon, the building will be split into two businesses after the sale of the property is completed.
Hilco Development Services is acquiring the building, which was listed for sale for $3 million in 2022. The Signal Hill-based firm is planning to adaptively reuse the building, but when it reopens it will be split to accommodate two new businesses, according to Cameron Hildreth, the firm’s principal and project manager.
Inside Biologique Recherche’s Los Angeles Flagship
The modern skin-care world is known for fandom—reverent circles of devotees who swear allegiance to the product that made their complexions see the light. Biologique Recherche, the 40-year-old French brand, has long had such a cult following thanks to its efficacious product line and P50 lotion, a pungent exfoliating face serum that generally makes its habitués look like they’re beaming out from beneath a halo. That effect created a frenzy for P50, which—until the company started selling on its own e-commerce site last fall—required buying from Rescue Spa or finding a local seller. “People used to come to Paris from countries where P50 wasn’t yet available and fill their luggage with it to take home,” recounts Biologique Recherche’s head of creation Dr. Philippe Allouche.