Hollywood Palladium Sale Deal Collapses
A deal to sell the Hollywood Palladium to a Beverly Hills developer has collapsed, the seller said.
The buyer, Combined Properties Inc., had planned to retain the 66-year-old Sunset Boulevard concert hall and develop the adjoining parking lot, possibly with homes, stores and a hotel.
“We were in negotiations to sell the venue, but that deal was not viable and it is over,†said Larry Worchell, chairman of Palladium Investors Ltd.
Combined Properties could not be reached for comment.
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Roger Vincent
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