The memorandum, quietly posted on a website associated with the global commercial real estate company CBRE, says that the Palisades fire created a "blank canvas for redevelopment" at a site "ideally positioned for a transformative residential or mixed-use project." The memorandum describes the current single-family residential zoning as "favorable" for developers.
(Ronaldo Bolanos / Los Angeles Times) The race for Los Angeles mayor has been in an extraordinary state of flux, with the candidate lineup shuffling and reshuffling in the final days before the filing deadline. On Thursday, former schools Supt. Austin Beutner dropped out of the race, citing the death of his 22-year-old daughter. Hours later, L.A. County Supervisor Lindsey Horvath said she was still deciding whether to launch her own challenge against Mayor Karen Bass.