Bolour kills hotel proposal, sells Hermosa Beach site for $33.5M

Beverly Hills-based Bolour Associates traded a 1-acre beachfront retail and short-term rental portfolio where it had been planning to develop a three-story hotel along The Strand in Hermosa Beach for $33.5 million, the company announced. Hermosa Pier and Strand, a limited liability company tied to food manufacturer Harold Rothman, bought the parcels at the corner […]This article originally appeared on The Real Deal. Click here to read the full story.