August 20, 1993
Fast-food chain In-N-Out Burgers Inc. on Thursday completed its $15.2-million purchase of the University Tower office building in Irvine, said officials at Bedford Property Investors Inc., the seller. In-N-Out, which will be moving its headquarters from Baldwin Hills, operates about 80 restaurants in California and Arizona. The company has been planning for some time to relocate its 60-person corporate staff to the Irvine building, where it has been leasing two full floors.
April 10, 1996 |
Koll, the Newport Beach real estate firm that manages more than $13 billion in assets, has expanded its retail property business in Hawaii with the purchase of J.S. North Co., a Honolulu real estate firm. . . . Bedford Property Investors Inc., a Northern California real estate investment trust, paid $6 million for the three-building Laguna Hills Square office complex. . . . Carr Realty Corp., in a move to expand beyond its Washington base, has bought an office complex in Orange County.
December 6, 1994 |
Less than a year after a new owner took over, Oxnard's long-troubled 1000 Town Center Drive office building is now 98% occupied. The green glass structure near the Ventura Freeway was more than 50% vacant from the time of its completion in 1990 until it was purchased in December, 1993, by Bedford Property Investors Inc., a Northern California real estate investment trust.
CALIFORNIA | LOCAL
March 20, 1994
On Feb. 23, you published an article about the city of Oxnard's intention to file a tax lien on the Oxnard Town Center. I was terribly disappointed to see that your paper chose to include photographs of our property, 1000 Town Center. This is very misleading. Bedford Property Investors recently purchased the building, all cash, and has reserved funds up front for any new leasing or capital improvements. All property taxes and bond assessments associated with the building are current.
June 19, 1998 |
Bedford Property Investors Inc., an owner of West Coast office and warehouse properties, hired investment bank Lehman Bros. Inc. for a possible sale of the company. The move comes after the Lafayette-based company suffered a more than 18% drop in its stock price this year, which made it harder for the company to raise capital and invest in properties. Besides a sale of the company, Bedford said alternatives include spinning off certain properties.
January 11, 1994 |
A buyer has finally been found for 1000 Town Center Drive, the green glass office building in Oxnard that has been on the market for two years. Bedford Property Investors Inc., a real estate investment trust based in Lafayette, Calif., has purchased the six-story structure from Citicorp for $5.1 million. The building adjoining the Ventura Freeway was completed in 1991 at an estimated cost of $17 million. Only about 40% of its 110,000 square feet of space is occupied. Citicorp turned down a $6.