hadid tells bankruptcy judge he sold franklin canyon for $33m

On June 1, 2021, Mohamed Hadid filed a declaration in bankruptcy court claiming that he sold two of his prime parcels within Franklin Canyon Park to “Pacific Green Vista, LLC” for $33 million. Pacific Green Vista is supposedly located at 817 E. Palmer Avenue, Glendale, CA 91222, is supposedly managed by “Donal Griffith” and is represented by Richard Weiss, Esq. 501 S., Beverly Drive, Suite 220, Beverly Hills, CA 90212. You can read Hadid’s full declaration HERE which includes a copy of the sales agreement between Hadid and Pacific Green Vista, among other documents filed in court.

One of the parcels sold to Pacific Green Vista is slated to be bulldozed for the “Royalton” development which would forever destroy (and close) the Hastain Trail from the public. According to Hadid, he’s already received a $1.5M deposit.

We don’t believe Hadid is telling the truth.

Among other things, we have been unable to verify the legitimacy of “Pacific Green Vista” or that any legitimate entity would pay $33 million for undeveloped property in Franklin Canyon Park that is now very publicly on LA City Council’s radar for new and VERY restrictive zoning. This zoning includes the pending Ridgeline Ordinance and extension of the Hillside Construction Regulation (“HCR”) zoning overlay. These initiatives would effectively gut any future development of the supposedly purchased properties.

Good luck convincing Judge Bluebond Hadid.