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JMBM Plays Key Role in Hollywood's Largest Project Leading New York Developer Debuts in Los Angeles with $400 Million Project

LOS ANGELES – August 1, 2007—Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California’s foremost full-service law firms, today announced that it successfully completed all zoning and land use entitlements for what is considered to be the most ambitious mixed-use development in the current revitalization of Los Angeles’ historic Hollywood district—BLVD6200. Led by land use attorney Benjamin M. Reznik, JMBM represented its client, The Clarett Group, throughout the entire process.

"This project brings one of New York’s finest real estate developers to Los Angeles for the first time to breathe new life into one of the most legendary boulevards in the world," said Reznik, who brings 30 years of government land use legal experience to the project. "It’s a privilege to work with the caliber of professionalism The Clarett Group offers. Their extensive mixed-use development knowledge in conjunction with JMBM’s team approach allowed a project of this magnitude to come to fruition."

Supported by Hollywood businesses, homeowner associations, and neighborhood councils, The Clarett Group proved to have the community behind its project which boasts more than 1,000 apartment units, 2700 underground parking spaces, and 175,000 square feet of retail space. Located across the street from the new W Hotel & Residences site (the $800 million project which JMBM Global Hospitality Group® client HSH Nordbank AG partially financed), BLVD6200 is scheduled for construction early in 2008 and is expected to be completed within four years.

"This project required a unique legal team, which included Sheri Bonstelle, who was a New York architect before joining the Firm," continued Reznik. "They brought the ideal expertise to compliment a New York-based client involved in a Los Angeles land use and zoning project."

BLVD6200 will be a dynamic mixed-use community complete with street-level restaurants and shops, situated on seven acres of land owned by the well-known Nederlander Organization, which also owns the neighboring Pantages Theatre as well as concert halls, amphitheatres, and theatrical venues throughout the United States and abroad.