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Store owner Robert Blue, who had been holding out against the $400 million Hollywood and Vine development (the one featuring a W Hotel), apparently has come to terms with local officials. The Business Journal reports that under terms of the agreement, Bernard's Luggage Co. will be incorporated into the new development. A press conference is scheduled this morning to announce the agreement.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.