Well, that inks.
The trendy Ace Hotel that opened last year in a refurbished historic building in downtown Los Angeles has been purchased by a Maryland real estate investment trust for $103 million.
Battling poor returns and management turmoil early last year, Pacific Investment Management Co. posted a promotional video on its website to reassure nervous investors.
The 2002 grand opening of Pico Rivera's Wal-Mart had all the hallmarks of a big event in a small town: The mayor, wielding oversized scissors, cuts a ribbon; the excited crowd streams through a balloon arch into the shining anchor of a new shopping center.
Former Pacific Gas