Silver Lake

A former church in Los Angeles' Silver Lake neighborhood has been converted into a hotel, with the building's original character retained in the transformation. The project reflects a broader trend of repurposing historic religious buildings in the city as demand for hotel space grows. It is drawing attention for how the space was adapted while preserving the structure's identity.

Silver Lake has filed a lawsuit taking aim at hedge funds' appraisal arbitrage strategies. The practice, in which funds buy shares of companies undergoing buyouts to seek higher valuation through appraisal proceedings, has drawn criticism from private equity firms who see it as exploiting deal terms. The case could sharpen the ongoing legal fight over how Delaware courts value shares in merger disputes.