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Alexander Haagen Properties Inc

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BUSINESS
November 18, 1994 | VIVIEN LOU CHEN, TIMES STAFF WRITER
Five years ago, Burbank leaders were thrilled with the great deal they had just closed that would finally bring a major shopping mall to the city. Within 25 years, nearly $229 million in sales, property and hotel taxes would be collected from operations of Media City Center and surrounding properties, officials projected. In addition, Burbank officials exulted, developer Alexander Haagen agreed to split 50-50 with the city the net operating profits from the mall.
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BUSINESS
March 11, 1998 | Brad Berton
Veteran Los Angeles real estate executive Edward D. "Ned" Fox Jr., who has served as interim president and chief executive at Alexander Haagen Properties Inc. since the namesake founder stepped down in November, will be appointed to that post today. Fox, 50, a former president and CEO of local commercial real estate developer Maguire Partners, also remains a senior partner in CommonWealth Partners, a real estate firm he and six other former Maguire officers formed in 1996.
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BUSINESS
March 11, 1998 | Brad Berton
Veteran Los Angeles real estate executive Edward D. "Ned" Fox Jr., who has served as interim president and chief executive at Alexander Haagen Properties Inc. since the namesake founder stepped down in November, will be appointed to that post today. Fox, 50, a former president and CEO of local commercial real estate developer Maguire Partners, also remains a senior partner in CommonWealth Partners, a real estate firm he and six other former Maguire officers formed in 1996.
BUSINESS
April 12, 1995 | Times Staff and Wire Reports
Mall Developer Expects Lower Profit: Alexander Haagen Properties, which owns or controls 40 shopping centers primarily in Southern California, said 1995 profit and funds from operations will fall below last year's results. The Manhattan Beach-based real estate investment trust blamed the drop on lost revenues from tenants, higher financing costs and other factors. The company's holdings include the Baldwin Hills Crenshaw Plaza in Los Angeles and Media City Center in Burbank.
BUSINESS
April 12, 1995 | Times Staff and Wire Reports
Mall Developer Expects Lower Profit: Alexander Haagen Properties, which owns or controls 40 shopping centers primarily in Southern California, said 1995 profit and funds from operations will fall below last year's results. The Manhattan Beach-based real estate investment trust blamed the drop on lost revenues from tenants, higher financing costs and other factors. The company's holdings include the Baldwin Hills Crenshaw Plaza in Los Angeles and Media City Center in Burbank.
BUSINESS
December 21, 1993
Alexander Haagen Properties Inc., a newly formed real estate investment trust that owns the Burbank Media City Center and 35 other properties, held its initial public offering Monday. The trust offered 10.8 million common shares at $18 a share as well as $75 million of seven-year 7.5% convertible debentures, or unsecured notes. Proceeds from the offering will be used to reduce the trust's debt, acquire certain properties and for other corporate purposes.
BUSINESS
April 9, 1998
* Pasadena-based EarthLink Network Inc. reported a first-quarter net loss of $6.4 million, or 56 cents per diluted share, compared with $8.4 million, or 92 cents, a year ago. * Los Angeles-based Argonaut Group Inc. reported first-quarter net income of $36.7 million, or $1.52 per diluted share, compared with $15.5 million, or 65 cents, a year ago. * Manhattan Beach-based Alexander Haagen Properties Inc.
CALIFORNIA | LOCAL
April 29, 1995 | VIVIEN LOU CHEN, TIMES STAFF WRITER
Six months after a troubled partnership with developer Alexander Haagen ended, the Burbank Redevelopment Agency received its first profits Friday from a $120.7-million investment in the Media City Center shopping mall: a $3-million check. "We paid on time, in place and as promised," Haagen said. "God help us if we didn't. . . . We have worked hard to create as nice a shopping center as there is in Southern California."
BUSINESS
November 25, 1997 | JESUS SANCHEZ, TIMES STAFF WRITER
Alexander Haagen, who was one of the most active builders of shopping centers in Southern California, on Monday stepped down as chairman and chief executive of Alexander Haagen Properties Inc. as part of a deal that could net the Haagen family at least $67.2 million.
BUSINESS
November 18, 1994 | VIVIEN LOU CHEN, TIMES STAFF WRITER
Five years ago, Burbank leaders were thrilled with the great deal they had just closed that would finally bring a major shopping mall to the city. Within 25 years, nearly $229 million in sales, property and hotel taxes would be collected from operations of Media City Center and surrounding properties, officials projected. In addition, Burbank officials exulted, developer Alexander Haagen agreed to split 50-50 with the city the net operating profits from the mall.
BUSINESS
May 14, 1998 | Bloomberg News
Alexander Haagen Properties Inc.'s shares fell 9% after the Manhattan Beach-based shopping center developer reported flat first-quarter earnings and said it expects no improvement this year. The real estate investment trust blamed lower-than-expected leasing trends at some of its California strip malls and other shopping centers for the poor outlook.
BUSINESS
May 18, 1999 | MORRIS NEWMAN, SPECIAL TO THE TIMES
The privilege of working outdoors, with a laptop propped on one's lap, a cell telephone next to one's chair and a cool drink on the table, is a perk associated with the entertainment and high-tech industries. In the stodgier world of real estate, however, such opportunities are much rarer. One exception is the corporate headquarters of Center Trust, a real estate investment trust in Manhattan Beach.
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