A local oil company’s $700 million lawsuit against the city of Hermosa Beach appears headed for trial later this year, now that the state Supreme Court on Thursday said it declined to consider an appeal from the city. Macpherson Oil Co. of Santa Monica sued Hermosa Beach in 1998, alleging the city broke a lease [...]
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Los Angeles is Energy Star Capital
Posted by admin on March 24th, 2010
The Los Angeles metropolitan region was the Energy Star approved capital of the country for commercial buildings in 2008, said the U.S. Environmental Protection Agency. The distinction came in the most active year ever for the Energy Star program, according to EPA spokesperson Maura Beard. “Over 3,200 buildings across the country earned the Energy Star [...]
Tags: Investors Look to Take Plunge With Water Company
Posted by admin on March 18th, 2010
Some investors think there’s money to be made in the water business, even at a company that just 16 months ago was in serious financial straits. Last week, a group of institutional investors announced the purchase of SouthWest Water Co. in downtown Los Angeles for $275 million in cash plus assumption of debt, making the [...]
