Overview

• An arbitration demand filed Sept. 12 alleges Harris lost roughly $22.5 million tied to the CMNTY Culture Campus after investing a $10 million loan and $12.5 million in equity.
• St. John’s representative says no money was misappropriated, investor entitlements remain intact, and the development stays on its entitlement schedule despite higher rates and city red tape.
• The adviser’s team projects the Hollywood site to near a $1 billion valuation and to include more than 700 residential units alongside creative and retail space.
• The Los Angeles Times reports the project, first proposed in 2022, has not yet won city approval and in 2024 shifted to a housing-focused plan with 734 apartments in two towers.
• Harris’ filing says St. John paid himself over $11 million shortly after the equity investment, and the document states St. John acknowledged liability for the $10 million loan plus about $1.9 million in interest.