Eric Mandell News Today

REDA Residential, the multifamily arm of Newport Beach-based Real Estate Development Associates LLC, last month paid $49 million for Fox Hills Plaza, a retail center in Culver City, sister publication the Los Angeles Business Journal reported.

REDA Residential, the residential development subsidiary of Newport Beach-based investment company Real Estate Development Associates LLC, along with an undisclosed private family office, has acquired a 7-acre redevelopment site in Culver City for $49 million.

Former State Official: "Now is the time to do business with the state."...

on who you ask. eric rasmussen has the story. >> reporter: were not identifying this neighborhood but police did come out to investigate. its not your average backyard garden. >> somebody said it smelled like pot. >> reporter: in the middle of a residential neighborhood. you guys have a marijuana grow back here? >> yeah but the cameras are not all right. when im done harvesting my marijuana and take it and dispense it to the clubs. >> reporter: seems like a pretty big operation in ther...

on who you ask. eric rasmussen has the story. >> reporter: were not identifying this neighborhood but police did come out to investigate. its not your average backyard garden. >> somebody said it smelled like pot. >> reporter: in the middle of a residential neighborhood. you guys have a marijuana grow back here? >> yeah but the cameras are not all right. when im done harvesting my marijuana and take it and dispense it to the clubs. >> reporter: seems like a pretty big operation in ther...