Los Angeles Commercial Building Inspector News.
Chinese developer Dalian Wanda Group is poised to pay megabucks to the city of Beverly Hills in an unprecedented development deal for the construction of its elite condo-hotel project, One Beverly Hills. Beverly Hills is one of those cities where everyone wants to be there, said Bruce Baltin, managing director of CBRE Hotels, but there are limited opportunities for development. Without any doubt this is by far the best development agreement ever negotiated for Beverly Hills, and possibly the richest development agreement per square foot negotiated anywhere by a municipality, Mirisch said in the prepared statement.
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