Happy Thanksgiving!
BEVERLY HILLS VOLUME: LIV
NUMBER 46
www.bhcourier.com
SINCE 1965
November 16, 2018
Beverly Hilton Owner Announces Agreement To Purchase ‘One Beverly Hills’ Site, 9900 Wilshire By Victoria Talbot Alagem Capital Group and Cain International have announced an agreement to acquire the property formerly known as One Beverly Hills, at 9900 Wilshire Boulevard, directly west of the Hilton – Waldorf Astoria properties. The specific terms of the deal have not been released. The 8-acre site, combined with the Waldorf Astoria and Beverly Hilton site will create a combined 17-acre contiguous parcel and over one million square feet of developable property. “We are extremely excited to acquire this amazing property. Together with our existing Waldorf Astoria and Beverly Hilton sites, we believe we have one of the most unique and exciting collections of properties in the U.S., if not the world. We look forward to
working with the City [of Beverly Hills] in creating a new master plan for this site,” said Beny Alagem, CEO of Alagem Capital Group. “Cain International is thrilled to be investing in the growth of Beverly Hills and the development of this vibrant community,” said Cain International CEO Jonathan Goldstein. “In conjunction with our ownership stake in the Waldorf Astoria and Beverly Hilton, this integrated property demonstrates our commitment to best-in-class projects in gateway cities across the U.S. We look forward to working with the Beverly Hills community to bring thoughtful development to this iconic neighborhood.” In September, Triple Five Group announced that they were in escrow for the property. Rumors began circulating
Beny Alagem (center) of Alagem Capital Group will own The Beverly Hilton and 9900 Wilshire, the site of the One Beverly Hills project.
last month that the deal had gone sour, though there was no confirmation. It has been confirmed that the property
THIS ISSUE
was purchased from the Wanda Group. Alagem Capital and Cain (see ‘9900 WILSHIRE’ page 14)
Beverly Hills School District Unveils New Leadership Teams Kevin Allen to Head New Middle School, Juliet Fine, Sarah Kaber to Helm Elementaries, Mead at High School
This week’s Courier includes the holiday 2018 edition of Beverly Hills Style, highlighting expert tips and information on cuisine, entertaining, fashion, holiday happenings, philanthropy and Beverly Hills BOLD Holidays, as well as a comprehensive listing of this holiday season’s top charity and community events. 17 • Real Estate • Birthdays • Letters to the Editor
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George Christy, Page 6 Founded In 1957, The Women’s Guild At CedarsSinai Has Raised Mega Millions For Support Of The Doctors, Nurses, Able-Bodied Staffers And The State-Of-The-Art Equipment
LIGHTING UP RODEO DRIVE— The annual Rodeo Drive Holiday Lighting Celebration was held Thursday night on Rodeo Drive, kicking off the City’s 2018 BOLD Holidays. Pictured above, on Rodeo Drive before the big event, are social media influencer and event emcee Dawn McCoy, Rodeo Drive Committee President Kathy Gohari, and Mayor Julian Gold. The evening became, in part, a tribute to the first responders who have stepped in to assist nearby agencies with the recent fires that have ravaged California. To learn more about the City’s efforts to help, and how you can donate to assist those in need, see page 4.
Rent Stabilization Ordinance, Seismic Retrofit On City Council Agenda Tuesday By Victoria Talbot The Beverly Hills City Council will continue discussing the Rent Stabilization Ordinance at the City Council Study Session on Nov. 20 at 2:30 p.m. and a new ordinance for Seismic Retrofit for soft-story buildings at 7 p.m. for the Formal Meeting. The City Council study session will be looking at a new report from HR&A Advisors, not available prior to deadline, that the Council requested at the Oct. 18 Study
Session, with a goal of finalizing the RSO at the Dec. 18 meeting. The new HR&A report is expected to be available to the public on the City’s website by Monday. The report will examine the cumulative impact of passthroughs combined with annual rent increases, said Community Services Deputy Director of Rent Stabilization Helen Morales. The City Council is also expecting the (see ‘RENT STABILIZATION’ page 15)
Alex Berliner/ABImages; Thomas Neerken
Beverly Hills Style
By Laura Coleman Beverly Hills Unified is set to look a bit different come fall 2019 with the historic K-8 fourschool model reconfigured to one middle school and two elementary schools. On Wednesday evening, Superintendent Michael Bregy announced that the district’s most senior principal, Kevin Allen, would take the reins of the new middle school. For the past five years, Allen has helmed El Rodeo, which was designated a California Distinguished School last year. But once the school year ends in June, El Rodeo will be taken offline in order to complete the school’s construction program expedi-
Clockwise, from top left: Kevin Allen, Juliet Fine, Sarah Kaber and Mark Mead.
tiously, safely and at a cost-savings of approximately $16 (see ‘BHUSD LEADERSHIP’ page 9)
BORN TO GIVE — Wendy Goldberg, Past President of Women’s Guild Cedars Sinai, with Carrie Ann Inaba, who hosted the runway show of St. John’s fashions, and Guild President Shelley Cooper celebrated the Guild’s 60th Anniversary luncheon with 500 guests at The Beverly Wilshire. For more photos, see George Christy’s column on page 6.