Kilroy Realty Corp., an owner of commercial real estate along the U.S. West Coast, said it plans to develop a $300 million office-and-apartment project in the Hollywood section of Los Angeles after acquiring land from the Academy of Motion Pictures Arts and Sciences.
Elaine P. Wynn, ex-wife of casino mogul Stephen A. Wynn, was the buyer of the Francis Bacon triptych that fetched $142.4 million last year to become the most expensive artwork at auction, according to a person familiar with the matter.
On an unexpectedly rainy October day in Los Angeles, Stewart Resnick looks out the window of a third-floor conference room and shrugs. It's midway through California's biggest-ever pistachio harvest and the rain is yet another reminder, should anyone need it, of how important water is to his business. He helps himself to a half a vegetable wrap and a bottle of Fiji Water—one of the four big consumer brands Resnick owns—and takes his place at the head of the table, where senior executives of his private company, Roll International, have gathered to discuss how to sell 300 million pounds of pistachios.
Stewart and Lynda Resnick own a bushel of businesses including Fiji bottled water, POM Wonderful pomegranate juice and Teleflora flower delivery. Now they have a building named after them at the Los Angeles County Museum of Art .
If you want to behold the heavens -- not some fleeting glance skyward but the march of celestial bodies across the centuries -- you have to follow a two-lane blacktop across a parched New Mexico valley and then wind up the side of a precipitous mesa, where ruts and rocks caress the underbelly of your 4x4.