San Fernando Valley : Deal for Ex-GM Plant Near
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General Motors is close to completing a deal with a Woodland Hills-based partnership to develop the abandoned GM assembly plant in Panorama City, a high-ranking City Hall official said Monday.
The team includes Selleck Properties of Woodland Hills, a company whose partners include actor Tom Selleck, his father and two brothers, and Voit Cos., the firm that developed much of the Warner Center, the source said.
The Selleck company is known primarily for building shopping complexes such as Gateway Shopping Center in Palmdale and a cluster of shops around a Lucky supermarket in Reseda.
A GM representative declined to confirm or deny the negotiations.
But the city official, who declined to be identified, said that an agreement is close.
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