November 25, 1997 |
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.
May 14, 1998 |
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.
April 12, 1995 |
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.
June 3, 1997 |
A fund managed by investment banking firm Lazard Freres & Co. said Monday that it agreed to buy up to 38% of Alexander Haagen Properties, one of Southern California's largest shopping center developers, for $235 million.
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.
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.