REMINDER: TIME SENSITIVE! To SURPLUS or NOT to SURPLUS: That is the question? Assembly Bill 1486 (“AB 1486”), approved and effective January 1, 2020, revised the California Surplus Land Act (Govt. Code Sect.54220) (“Act or Surplus Land Act”) to expand requirements for local agencies; fundamentally altering the required process to sell and dispose of designated…
To SURPLUS or NOT to SURPLUS: That is the question? – Assembly Bill 1486 (“AB 1486”), approved and effective January 1, 2020, revised the California Surplus Land Act (Govt. Code Sect.54220) (“Act or Surplus Land Act”) to expand requirements for local agencies; fundamentally altering the required process to sell and dispose of designated surplus property.…
Bond Buyer article by Keeley Webster titled “Kosmont grows by helping California cities navigate post-redevelopment world” is about how Larry Kosmont’s advisory and real estate firm thrived after the state axed local redevelopment agencies.
Prime residential, commercial and industrial properties. Cathedral City is a dynamic community with vibrant residential, commercial and industrial areas. The selected buyers will benefit from an infill residential and/or commercial opportunity in a superior community with strong market demand and prices.
Have you cleaned out your RDA property garage? Tick Tock… Sell your remaining RDA properties before the Oversight Board roll-up. Don’t delay and risk losing control.
Kosmont Realty Corporation (KRC) is proud to present recently sold Redevelopment Agency (RDA) dissolution properties. KRC is succeeding at selling former RDA assets!
A beloved but aging former heavyweight champ of the rock music world, the Forum in Inglewood, is making a comeback. Officials at Madison Square Garden Co. will unveil plans Tuesday for the historic arena that include a multimillion-dollar face-lift and a January opening with an iconic California music group.
The owners of Madison Square Garden have come to the rescue with an ambitious plan to turn the faded Forum into a juggernaut. The East Coasters are looking to challenge the region’s big arenas, including Staples Center and its owner, the politically connected AEG.
Two and a half months ago, they lost their battle against the state to keep redevelopment agencies alive. Now, in a complicated, untested process that’s likely to take years, local government officials are members of a select group serving on new boards charged with overseeing the agencies’ demise.