Trader Joe's to Venice, Hypersonic aircraft company arrives, and more

Trader Joe's is ready to plant another flag on the Westside, per an application recently filed with the L.A. Department of City Planning.

In an application for alcohol sales, the store indicates plans to establish a 12,585-square-foot grocery store in the former Fox Theater property at 620 S. Lincoln Boulevard. Building ownership previously considered renovating the theater, shuttered for more than 30 years, as offices with commercial uses.

The newest addition to the Century City skyline continues to fill out. 

On the heels of its 10th anniversary, Los Angeles-based investment firm Atar Capital announced this week it has signed a least for a home at 1950 Avenue of the Stars. The company has been located in Century City since its founding, per a statement from founder Cyrus Nikou.

The lease will account for approximately 11,000 square feet of space, reports Commercial Observer.

Other occupants of the 37-story, 730,000-square-foot building will include Clearlake Capital and CAA.

Here's what we're reading this week:

The Oceanwide Plaza saga: Sean Burton’s Cityview becomes backup for graffiti-covered eyesore "After KPC, Lendlease confirmation hearing pushed, more details emerge on developer’s involvement in all-cash offer behind the scenes. Hint: fee developer" (TRD)

Downtown L.A.’s Rebound: A Marathon, Not a Sprint "As L.A. embarks on its mega-event era, devaluation and reuse may fuel a downtown surge" (Commercial Observer)

‘Mansion tax’ changes "Why LA officials want to tweak Measure ULA" (LAist)

West Hollywood jumps on the K Line extension "On April 6, the West Hollywood City Council unanimously approved the Enhanced Infrastructure Financing District on April 6 that will help fund the Metro K Line Northern Extension. The subway line will one day tunnel through the city, and include three stops within the city limits on Santa Monica Boulevard." (Beverly Press)

Formerly incarcerated artist Mr. Wash paints Compton’s past—and is building a $15 million center for its future "Painter Mr. Wash is designing a $15 million Compton center for formerly incarcerated artists, featuring studios, housing and support services." (LA Times)

KB Home moves to save costs, relocating headquarters from California to Arizona "Firm joins other homebuilders based near Phoenix" (CoStar)

Hypersonic aircraft company moves headquarters from Atlanta to El Segundo "The company, valued at $1 billion, is opening executive offices and a facility where it will design and build its next prototype, a supersonic plane intended to hit Mach 3 — faster than any modern warplane." (LA Times)

L.A. Bus Lane Enforcement Camera Citations Generated Nearly $20 Million Last Year "Public service announcement: never never ever park a car in a bus lane or at a bus stop! You will get a $293 citation." (Streetsblog LA)

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