Santa Monica Place Mall’s Value Plummets 59%

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The 523,139-square-foot Santa Monica Place shopping mall in Santa Monica, Calif., saw a big drop in value at its latest appraisal, according to new information from Trepp, citing November remittance data. The asset’s value dropped 59 percent in just seven years to $255 million, below the $300 million loan balance.
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Bicyclist killed in traffic collision early Sunday morning on Lincoln Blvd

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A 41-year-old male believed to be homeless riding southbound on a bicycle was hit by a vehicle and subsequently struck by a second vehicle and pronounced dead at the scene. Police officers responded to the incident that took place near the 1800 block of Lincoln Blvd on Sunday,
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