An affordable housing nonprofit has put the kibosh on selling some Santa Monica buildings to developer Leo Pustilnikov. At a Santa Monica City Council meeting last week, officials disclosed that they had privately discussed a potential sale of 419 and 1616 Ocean Avenue, properties controlled by Community Corporation of Santa Monica, the Santa Monica Daily Press reported. Any transaction would require city approval because Santa Monica deeded 419 and 1616 Ocean to the nonprofit in 2016 and retained reacquisition rights. After the private discussions, Mayor Caroline Torosis said the City had been asked by both CCSM and Pustilnikov to evaluate […]
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