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LOS ANGELES-The local chapter of Commercial Real Estate Women will honor three developers tonight with the group’s “Renaissance Awards,” recognizing the trio of builders for their efforts to revitalize America’s second-largest city.

Revitalization specialist The Ratkovich Co. will be feted for “The Alhambra,” a retail and office project about five miles east of Downtown. The 45-acre site stood half-empty after an oil-services company relocated to Dallas in 1993, but Ratkovich bought it in late 1999 and launched a massive renovation plan that has turned the complex into a bustling center of commerce.

Ladera Shopping Center, developed by MacFarlane Partners, will also be honored by CREW LA. The retail development, on Slauson Avenue in West LA, has succeeded in bringing together shoppers from both the prosperous Westside and the less-affluent Inglewood and South-Central areas.

TrizecHahn will be feted for a pair of big redevelopment projects. The first is its $430-million Hollywood and Highland project, which includes the 640-room Renaissance Hollywood Hotel and a permanent home for the Academy Awards at the star-crossed corner of Hollywood Boulevard and Highland Avenue. The other is Paseo Colorado, which will bring more than 1 million sf of retail, office and sorely needed apartment units to Pasadena.

The awards will be handed out tonight at Downtown’s Regal Biltmore Hotel. CREW LA is one of the fastest-growing chapters of the National Network of Commercial Real Estate Women, a group of nearly 10,000 professionals who work in various segments of the real estate industry.

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