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Stars not in Boom Boom Room plans.


Take Two.

George Clooney George Timothy Clooney (May 6, 1961) is an American actor, director, producer and screenwriter who gained fame as the lead doctor in the long-running television drama, ER  and Brad Pitt are not involved in a makeover of the Boom Boom Room in Laguna Beach Laguna Beach (ləg`nə), city (1990 pop. 23,170), Orange co., S Calif., on the Pacific coast; founded 1887, inc. 1927. , as reported in this space last week. Publicists for both actors denied the report, which was first published in the Orange County Business Journal An editor has expressed concern that this article or section is .
Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and
.

But Steven Udvar-Hazy, the billionaire airplane-leasing tycoon from Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities.  who also has a mansion in Monarch Beach's Ritz Cove, has purchased the popular gay bar, the adjoining Coast Inn and two other parcels in deals totaling $25 million, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Scott Hook, the real estate agent who represented the sellers of the bar and inn.

Udvar-Hazy beat out another bidder, Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries.  restaurant investor John Alderson, said Hook, senior director of Marcus & Millichap Real Estate Investment Co.'s national retail group in Newport Beach.

Hook said that Alderson, president of JAVentures, liked the parcel's ocean view, liquor license and 18,000 square feet of commercial space. "In Laguna, it's unheard of," Hook said.

Udvar-Hazy's agent, Joe Smith of Monarch Beach Realty, said that his client has a plan for the site that includes "an upscale boutique hotel." A restaurant or other elements could come into play after Udvar-Hazy sits down with his architect, Smith said.

The offer by Udvar-Hazy, chairman and chief executive of International Lease Finance Corp., was about $500,000 less than Alderson's, but more attractive to his clients because it was in cash and the deal would close quickly, Hook said.

Udvar-Hazy and Alderson did not return calls for comment.

Orange County Business Journal
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 14, 2005
Words:253
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