February 28, 2026

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BREAKING NEWS: Iran's Supreme Leader Ayatollah Ali Khamenei is Dead; Has Ruled Iran Since 1989; Son and Successor Also Believed Dead

David Ganezer, Observer Staff Writer | Feb 28, 2026

Iran's Supreme Leader Ayatollah Ali Khamenei is dead, according to multiple reports citing Israeli intelligence and media sources, following major U.S. and Israeli military strikes on Iranian targets early Saturday, February 28, 2026. The strikes, part of coordinated operations targeting leadership compounds, military sites, missile facilities, and elements of Iran's nuclear program in Tehran and other locations, reportedly hit Khamenei's compound directly. Satellite imagery...

BREAKING NEWS: Khamenei's House Destroyed; Smoke Rises Over Tehran: Apparent Strike Near Ayatollah Khamenei's Compound Signals Escalating Crisis

David Ganezer, Observer Staff Writer | Feb 28, 2026

Tehran, February 27, 2026 - Thick black smoke billowed over parts of Iran's capital on Friday, fueling speculation of a direct strike or attack near the heavily fortified compound of Supreme Leader Ayatollah Ali Khamenei. Social media footage circulating widely showed dense plumes rising against the city skyline, prompting claims from opposition figures and analysts that the heart of the Islamic Republic's power structure may have come under assault. The video, shared by...

BREAKING NEWS: Have Previous Armed Conflicts in the Middle East Lowered or Raised the US Stock Market? The Price of Oil?

Stan Greene, Observer Staff Writer | Feb 28, 2026

Based on historical patterns from prior Israel-Iran escalations, an Israeli attack on Iran like the one reported on February 28, 2026, is more likely to lower the US stock market on Monday (the next trading day after the weekend event), at least initially, though the decline is typically short-lived and modest unless the conflict broadens dramatically. Geopolitical tensions in the Middle East, particularly direct Israel-Iran strikes, have consistently triggered risk-off...

BREAKING NEWS: Israel Attacks Iran on February 28th, As US Negotiations with Mullahs Appear to be Over – Esfahan Hit, Ayatollahs' Residence Targeted

David Ganezer, Observer Staff Writer | Feb 28, 2026

TEHRAN/TEL AVIV - In a rapidly intensifying operation, Israel-coordinated with the United States-has expanded its preemptive strikes against Iran on Saturday, February 28, 2026, with confirmed hits on the key city of Esfahan (also spelled Isfahan) and an apparent attack near the offices and residence area of Supreme Leader Ayatollah Ali Khamenei in Tehran. Explosions were reported in multiple Iranian cities, including Tehran, Esfahan, Karaj, Kermanshah, and Qom, according to...

BREAKING NEWS: Dune Restoration Project Begins as 30 Acres of "Natural Dunes" Are Added In Venice, Santa Monica

Sage Driftwood, Observer Staff Writer | Feb 26, 2026

In a joint effort between the City of Santa Monica and The Bay Foundation (TBF), nearly 30 additional acres of natural dunes are being added along the shoreline, stretching from the Santa Monica Pier toward the Venice border. Announced in late February 2026, this Phase III initiative marks a key milestone in a long-term plan to restore dunes across the entirety of Santa Monica's beachfront. Building on earlier phases-a pilot site of about three acres established in 2016 near...

BREAKING NEWS: Pedal Power or Traffic Nightmare? Olympic Cyclists May Zoom Through Santa Monica en Route to Hollywood Glory

I. M. Wheely Tired, Special to the Observer | Feb 26, 2026

In a plot twist worthy of a Hollywood blockbuster, Santa Monica might still get its moment in the 2028 Olympic spotlight-despite politely declining to host beach volleyball earlier. A leaked course map, dramatically unveiled by former pro cyclist Phil Gaimon in a recent video blog, suggests the men's and women's road races could pedal right through the heart of the city. Starting at the photogenic Venice Beach Boardwalk, the peloton would zip along Main Street in Santa Monica...

BREAKING NEWS: State Senator Ben Allen Leads Delegate Vote at California Democratic Convention for Insurance Commissioner Race

David Ganezer, Observer Staff Writer | Feb 26, 2026

Santa Monica, CA – February 26, 2026 – State Senator Ben Allen (D-Santa Monica), who represents the Westside including Santa Monica, received the highest share of delegate votes among Democratic candidates at the California Democratic Party's state convention held last weekend in San Francisco. According to reports from the convention, Allen garnered approximately 42% (1,056 votes, or 41.7%) of the ballots cast by delegates in the race for Insurance Commissioner. Former...

BREAKING NEWS: Green Light for Glory: Palisades Recreation Center Rises from the Ashes with Caruso's Steadfast Boost

Palisades Phoenix, Observer Staff Writer | Feb 26, 2026

SANTA MONICA - Just over a year after the devastating Palisades Fire scorched more than 23,000 acres, destroyed nearly 7,000 structures and upended countless lives, Pacific Palisades is getting some long-awaited good news: the beloved Recreation Center is officially cleared for a full-speed rebuild. Developer and philanthropist Rick Caruso took to X on Wednesday to deliver the update that has neighbors cheering. "We got the green light!" he posted. "LA Department of...

Buyer Emerges for Downtown LA's Infamous Graffiti Towers in $470 Million Deal

David Ganezer, Observer Staff Writer | Feb 26, 2026

February 24, 2026 – A long-stalled luxury development in downtown Los Angeles, known for its graffiti-covered skyscrapers, is poised for revival after a Riverside County developer submitted a $470 million bid to acquire the unfinished Oceanwide Plaza project. The KPC Group, led by Dr. Kali P. Chaudhuri, along with partner Lendlease-the original contractor-filed the purchase agreement in federal bankruptcy court on February 23, 2026. If no higher qualified bids are received,...

  • BREAKING NEWS: Calendar Events: Frieze Art Fair Lands at Santa Monica Airport's Barker Hangar

    Sarah Storkin, Observer Staff Writer | Feb 26, 2026

    Frieze Los Angeles officially opened its doors this week at the Santa Monica Airport, transforming the historic hangars into a sprawling international art destination from February 26 through March 1, 2026. This year's features more than 100 leading galleries from 24 countries, showcasing everything from cutting-edge contemporary works and large-scale installations to thought-provoking pieces by emerging and established artists. Los Angeles-based galleries, nonprofit...

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