From wehoville- We all know that Beverly Hills has “The Real Housewives of Beverly Hills,” featuring none other than WeHo restauranteur Lisa Vanderpump. There are rumors that a reality TV show is in the works about the West Hollywood City Council (“The Real Lords of WeHo”?) And if you listen to what Citigroup’s Dan O’Donnell said to American Banker recently, perhaps another reality TV show could be titled “The Billionaires of West Hollywood. Über wealthy clients of Citigroup are financing construction on a long-delayed 4.5-acre project set on West Hollywood’s Sunset Strip,” American Banker reported. The banking newspaper said that Citi’s private bank clients not only are behind CIM Group’s $300 million-plus Sunset La Cienega project, but also backing construction of what will be the tallest apartment building in New York City and a 60-story residential building and hotel in Boston. ...O’Donnell... is global head of private equity and real estate for Citigroup’s private bank. “We are ring fencing 25 to 50 billionaire families together for these funds. Of course the billionaires that O’Donnell is corralling aren’t actually located in West Hollywood — no surprise given that most of the money invested in the city’s commercial and residential real estate (and in the City Council members who have to approve such projects) comes from outside WeHo. Save the SMB Streamline Moderne!
Posted on: Sun, 04 Jan 2015 23:49:30 +0000
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