Paramount President Exits the Company

The angst at Paramount mounted over the weekend as Brad Grey continued to sweep away remnants of the Sherry Lansing regime, Variety reported. After a mere 14 months on the job as president of Paramount, Donald De Line is exiting the studio in the wake of last week's disclosure that Fox Entertainment's Gail Berman was in negotiations to come aboard. Grey is expected to officially announce the appointment of Berman as early as today. It is unknown whether De Line will return to producing and whether he'll be based at Paramount.

Arnold, Opponents Ready to Spend Their Way to Victory
In what was supposed to be an off-year for statewide elections in California, the airwaves are teeming with warring political ads as groups on both sides of Gov. Arnold Schwarzenegger's agenda spend millions to sway voters, the Daily News of Los Angeles reported. The Republican governor is raising millions for a re-election bid he has yet to actually announce. Democratic Treasurer Phil Angelides announced this month he is running for governor, as he has been amassing a campaign war chest for more than a year. And Democratic Attorney General Bill Lockyer, who has informally announced his gubernatorial candidacy, is also cash heavy, with nearly $11 million on hand.

Water-Well Levels Rising Across Valley
Well-water levels are rising across the Santa Clarita Valley, but thoughts still remain focused on the dry seasons, the Daily News of Los Angeles reported. After enduring a six-year drought, water watchers say this year's rainfall is an anomaly, and conservation should continue. Rainfall fluctuates greatly around the hilly Santa Clarita Valley, but the Newhall County Water District has measured 48 inches so far. The valley's annual average is about 18 inches.

Jewelry District Building Fetches $25 Million
Laeroc Partners has paid $25.2 million for the 14-story Telecom Center Los Angeles at 530 W. Sixth St. in the Jewelry District, the Los Angeles Downtown News reported. Escrow closed Feb. 25 on the 168,000-square-foot building, which is entirely occupied by Internet and telecommunication offices and equipment. The Hermosa Beach-based investment fund plans to improve the property. The seller was San Francisco-based JMA Wired. Laeroc is also co-developing Blossom Plaza, a mixed-use development at Alameda and College streets in Chinatown.

Soddenly, It's Spring for Local Nurseries
Nurseries and garden centers around Southern California have lost sales as would-be gardeners were holed up on rainy weekends instead of gathering armloads of pansies, impatiens, snapdragons and geraniums. While hearty wildflowers are having a field day, many of their coddled cousins , which often are coaxed to life in a greenhouse , are taking a beating. It's a maddening situation for businesses that make up the state's $13.8-billion garden and floral production industry. California is the leading nursery production state, with Florida a distant second.


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