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California Theatre sold after owners file for bankruptcy: Los Angeles creditor buys historic property for $6m.

Publication: San Diego Business Journal
Publication Date: 31-MAR-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: California Theatre sold after owners file for bankruptcy: Los Angeles creditor buys historic property for $6m.(Windmill Investment Advisors)(California Theatre Investment Group LLC)

Article Excerpt
The historic California Theatre, a landmark-turned-eyesore on Fourth Avenue north of Broadway, has been sold.

The former owner, California Theatre Investment Group LLC, went into bankruptcy, and the property was sold at auction March 13. Windmill Investment Advisors Inc. of Los Angeles, a creditor of the former owner, purchased it to satisfy part of the $12 million it was owed, according to David Brody, the La Jolla attorney who...

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