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CDC sends Kosmont to council

By Jack Barnwell Thursday’s Community Development Committee (CDC), moved forward with an approval to bring a new consultant contract before a full council meeting and an update on the city’s effort to streamline portions of the city municipal code dealing with development. Council member Steve Morgan, a CDC member, was not present. Economic Development…


Fred Segal Sells Half of Its Santa Monica Compound

by Andrew Asch Since 1961, Fred Segal has pioneered high-end boutique retail in Southern California, but the retailer’s self-named Fred Segal Inc. is closing a chapter in its colorful history. In a low-profile deal, half of Fred Segal’s popular compound in Santa Monica, Calif., was sold for $41.2 million to DK Broadway LLC. DK Broadway…


City staff preparing to make case to retain Kosmont

By Jack Barnwell As city staff prepare a proposed contract to present to the city council as a possible agenda item, the importance of retaining consultant group Kosmont Companies looms in the background. The Los Angeles-based firm was selected by the city back in 2011 to prepare a report identify the city’s sales tax…