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* Regal Entertainment Group and AMC Entertainment Inc. said they were combining their cinema advertising businesses into a joint venture to tap new sources of revenue.

* A $100-million luxury condominium project off South Lake Avenue in Pasadena received preliminary approval from city officials Monday, and developers expect to start work on it in May. The 75-unit complex called Granite Park would rise across the street from the Shops on South Lake on the site of a parking lot that serves Macy’s and other stores in Pasadena’s premier shopping district.

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