Is Little Italy sold?

More restaurant rumors from the forums at Urban Planet:
1. Little Italy on Central Avenue has been sold to Carraba's, which will tear down the building and build a new restaurant.
2. The nearby McDonald's will close soon and be rebuilt in a more pedestrian-friendly way.
3. (And more like wishful thinking, rather than even a rumor) Wouldn't it be cool if Portofino's was there instead of a chain Italian restaurant?

Please note: these are unsubstantiated rumors. If you have concrete details, please share.