California voters have spoken and the state now has a new law on eminent domain. On June 3rd, California voters overwhelmingly approved Proposition 99, while sending the rival Proposition 98, down to defeat. The genesis of both initiatives was the landmark decision in the case of Kelo v. City of New London. That decision upheld […]
Ben Reznik was profiled and interviewed by the California Real Estate Journal on his professional accomplishments.
Maybe it’s just me, but it seems that recently there has been a rash of requests for full environmental impact reports (EIRs) from community groups, project opponents and elected officials all over southern California, but particularly in Los Angeles. Is it that each one of these projects truly has potential adverse environmental impacts that cannot […]
Benjamin M. Reznik’s article entitled, "Affordable Housing Doesn’t Necessarily Lead to Less Traffic," was published in the August 6, 2007 issue of the Los Angeles Business Journal.
JMBM featured Jane Ellison Usher, president of the Los Angeles City Planning Commission, at its most recent Business Issues Forum. The breakfast Forums are presented several times a year by the firm’s Government, Land Use, Environment & Energy Department and feature public officials whose decision-making impacts upon the real estate and business climate of Los […]
It is common knowledge that in order for a city to legally require the inclusion of affordable housing in a project, it must do so in a manner that demonstrates a legal nexus exists for such a requirement. Recently, the City of Los Angeles adopted a resolution requiring that new multi-family projects in Warner Center […]
JMBM played a pivotal role in the recent acquisition of a high profile site at the Western Gateway to Beverly Hills. The property at 9900 Wilshire, which formerly housed the Robinsons-May Department Store, was purchased by JMBM’s client, international real estate developer, CPC Group, for a record $500 million. Working together with the New York […]
On June 23, 2005, a bitterly divided U. S. Supreme Court upheld a local government’s use of eminent domain to seize private property “for the purpose of economic development.” Previously, courts had looked to the standard of whether property would be directly taken “for public use,” under the Fifth Amendment. However, in Kelo v. City […]
JMBM featured Robert (Bud) Ovrom, Los Angeles Deputy Mayor in charge of Housing and Economic Development. Mr. Ovrom coordinates the City’s economic development efforts and oversees the Departments of Planning, Housing, Community Development, Community Redevelopment, the Port of Los Angeles, Building and Safety, and the Housing Authority. In introducing Ovrom, Ben Reznik joked that when, […]
JMBM is pleased to represent GH Capital, the new owner of the Holiday Inn at 170 North Church Lane in Brentwood, in connection with its plans to significantly upgrade the hotel. The landmark 16-story columnar structure is one of 40 identical hotels that were built for Holiday Inn nationwide in the late 1960s and early […]