According to published reports, the company failed to make an interest payment of over $100 million on its bonds that was due on Dec. 30, 2025.
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In the upcoming year, the city of Beverly Hills, along with Los Angeles County, will take part in several significant elections.
His widow, Patti Tanenbaum, told the Courier he was in hospice and with his family when he passed away.
The city of Beverly Hills worked with state officials for approximately 2 ½ years between 2021 and 2024 to obtain approval of its mandated Housing Element.