Esteemed seafood restaurant Water Grill will be opening a second location in Santa Monica following a $1.5 million renovation of its original location on Grand Avenue.

Michael Govan, Director of the Los Angles County Museum of Art, and the two co-chairs of his board made a formal proposal to acquire the Museum of Contemporary Art in Los Angeles in a February 24 letter, according to The Los Angeles Times.

Self-described “original marketplace” Eataly may soon be opening its doors at the Los Angeles Beverly Center. According to new reports, the popular retail center for Italian delicacies and wine is in “serious discussions” and “closely considering” opening up a new location in the Beverly Center.

The eighth annual L.A. Sports Awards took place on March 3 at the Beverly Hilton Hotel in Los Angeles, and the L.A. Kings winning their first Stanley Cup was named the top sports moment of 2012 in the area.

Ladies fashion mogul Serge Azria, the mastermind behind Joie, has listed his Malibu estate on the open market for an asking price of $10,750,000. With 2,571 square feet of living space, the home includes two bedrooms and two-and-a-half bathrooms.

After less than two years in operation, Sbe Entertainment’s Japanese restaurant Katusya shuttered last night in Laguna Beach. On the restaurant’s final day, all locals received a 50 percent discount off all menu items.

Upscale department store Barneys New York is reportedly in the process of eliminating its more affordable branch, Barneys Co-Op, including a location at Los Angeles’ The Grove. Over the summer, the current Barneys Co-Op at The Grove will be transformed into a Barneys New York store.

Cofounder of the Guess? fashion brand, Armand Marciano, has listed his Benedict Canyon estate for $54.5 million. Featuring 30,000 square feet of living space, the home includes seven bedrooms and 13 bathrooms.

Dennis Hopper’s former compound in Venice has just been re-listed on the market for $5 million after being purchased by its current owner just seven months ago.