February 27, 1998 |
After years of focusing primarily on acquisitions, Arden Realty Inc. has decided it's time to enter the development fray and build new properties from the ground up. The Beverly Hills-based real estate investment trust has agreed to purchase a 70-acre parcel in the Howard Hughes Center adjacent to the San Diego Freeway in Westchester, real estate sources report.
February 6, 2003 |
Arden Realty Inc., a Los Angeles real estate investment trust, said Wednesday that fourth-quarter profit fell 26.5% as office rents continued to dip and concessions to tenants increased. Arden, the largest office landlord in Southern California with more than 18.5 million square feet, earned $16.3 million, or 26 cents a share, in the three months ended Dec. 31. In the same period a year earlier it earned $22.2 million, or 35 cents a share. Revenue was flat at $106.9 million, compared with $106.
February 29, 2000 |
Landlord Arden Realty Inc. has obtained commitments for nearly 90% of the space in its Westwood Center office tower on Glendon Avenue east of Westwood Boulevard just a few weeks after completing a make-over of the 22-story building, according to company officials.
January 12, 1999 |
The early phases of construction have begun on a 10-story office building in Howard Hughes Center, where developers are planning to add 1.3 million square feet of office space and a giant entertainment center. Development partners Arden Realty Inc., a Beverly Hills-based real estate investment trust, and Lowe Enterprises, a real estate investment and management firm headquartered in Brentwood, said the $55-million building in Westchester will be ready for occupancy early next year.
September 25, 2006 |
A new firm backed by former executives of Arden Realty Inc. and other wealthy Los Angeles-area investors has been formed to renovate and develop shopping centers on the West Coast. Manarino Realty is headed by Robert A. Manarino, 50, former director of development in the West for Cousins Properties Inc., a publicly owned commercial developer based in Atlanta.
April 30, 2003 |
Arden Realty Inc., a Los Angeles real estate investment trust, said Tuesday that profit fell 28% in the first quarter as most of the nation's office markets remained flat or soft. Arden, the largest publicly owned office landlord in Southern California with 19.3 million square feet, said profit dropped to $15.4 million, or 24 cents a share, in the three months ended March 31. A year earlier, profit was $21.4 million, or 33 cents a share. Revenue was $104.4 million, compared with $100.2 million.
January 7, 1998 |
Real estate investment trust Arden Realty Inc. continues to gobble up Southland office buildings with the recently closed acquisition of a high-profile Westside tower--its biggest single acquisition to date--and the pending purchase of its headquarters building in Beverly Hills.
May 2, 2001 |
Health Net Inc. said Tuesday that first-quarter profit rose 25% as the Woodland Hills-based managed-care company attracted more customers. Net income rose to $42.4 million, or 34 cents a share, from $34.1 million, or 28 cents, a year earlier, Health Net said. Revenue rose 13% to $2.5 billion. Health Net has raised premiums faster than medical costs have increased, and it has controlled other expenses.
August 27, 2002 |
As Southern California's commercial property market continues to sink, the real estate company with perhaps the most to lose is the region's biggest owner of office space: Arden Realty Inc. All of the Los Angeles company's nearly 18 million square feet of office space is in Southern California, which many mistakenly had believed would avoid the worst of the slowdown that has hit commercial real estate nationwide.