Location, location, location. Those are the three most important factors in real estate, and — as evidenced late last month — in land use decision-making.
On a 10-5 vote, the Los Angeles City Council on March 19 directed the Planning Department to stop processing the application for Las Lomas, a project that proposed 5,500-housing units, 2 million square feet of office space, 225,000 square feet of retail space, a hotel and a school on 555 acres at the junction of Interstate 5 and the Antelope Valley Freeway.