Connecticut General Life Insurance Co

Brake Capital Securities Inc. has appointed two new vice presidents. Neil Donner has worked for Bateman Eichler, Hill Richards, William O'Neil & Co., and the Connecticut General Life Insurance Co., now Cigna. David O'Leary, a chartered financial analyst, has worked for Connecticut Bank Trust and Connecticut General Investment Management Co. In addition, O'Leary was partner and director of research at Fox-Pitt, Kelton, an international investment banking firm.

A campus best known as a backdrop for the exploits of "Buffy the Vampire Slayer" is getting a new life. Connecticut General Life Insurance Co. has invested $27.5 million to acquire a stake in the 1-million-square-foot Alhambra office park, giving partner Wayne Ratkovich the capital to begin new development on the 45-acre site. Connecticut General, a subsidiary of Cigna Corp., has replaced Lehman Bros. and Wachovia Securities as equity partners with Ratkovich's Los Angeles-based Ratkovich Co.

The ranch that belonged to Indian guru Bhagwan Shree Rajneesh and his 3,000 followers was sold at auction Friday to an insurance company for $4.5 million. About 10 Rajneesh followers handed out fresh flowers and copies of the guru's books to about 200 spectators at the sale. Connecticut General Life Insurance Co.

The ranch that belonged to Indian guru Bhagwan Shree Rajneesh and his 3,000 followers was sold at auction Friday to an insurance company for $4.5 million. About 10 Rajneesh followers handed out fresh flowers and copies of the guru's books to about 200 spectators at the sale. Connecticut General Life Insurance Co.

A campus best known as a backdrop for the exploits of "Buffy the Vampire Slayer" is getting a new life. Connecticut General Life Insurance Co. has invested $27.5 million to acquire a stake in the 1-million-square-foot Alhambra office park, giving partner Wayne Ratkovich the capital to begin new development on the 45-acre site. Connecticut General, a subsidiary of Cigna Corp., has replaced Lehman Bros. and Wachovia Securities as equity partners with Ratkovich's Los Angeles-based Ratkovich Co.

The 900,000-square-foot Koll Center Irvine office complex at the San Diego Freeway and Von Karman Avenue in Irvine will be renamed Irvine Center Towers, said leasing agent Transwestern Commercial Services. The new name "reflects the project's primary Irvine location and tower configuration," said Transwestern, which manages the property on behalf of owner Connecticut General Life Insurance Co. The 18.

All three buildings in the 1.1-million-square-foot Airport Mission Business Park in Ontario developed by Newport Beach-based Western Realco have been sold for more than $40 million. Among the distribution facilities completed last summer is an unoccupied 857,000-square-foot building on Mildred Avenue, which was bought by Los Angeles-based CB Richard Ellis Advisors for an estimated $27 million. Western Realco developed the business park for seller Connecticut General Life Insurance Co.

John T. Gurash, former chairman and chief executive officer of INA Corp., an insurance carrier, died Tuesday in Pasadena. He was 92. He had suffered a fall earlier this month. Gurash helped implement the merger of INA and Connecticut General Life Insurance Co. to create Cigna Corp. He later held positions as president, chairman or CEO of eight other companies, and served on many boards of directors.

A 64,000-acre Oregon cattle ranch that was once a mecca for followers of free-love guru Bhagwan Shree Rajneesh will be sold at a sheriff's auction to pay off mortgage and tax liens. Connecticut General Life Insurance Co. brought a foreclosure action to collect $4 million in mortgage payments plus interest owed by the Rajneesh Investment Corp. Wasco and Jefferson counties also have tax liens totaling approximately $1 million.

Irvine Co. acquired the 171,979-square-foot Palm Court office and retail property at 15615-15635 Alto Parkway in Irvine from Connecticut General Life Insurance Co. Terms of the sale were not disclosed, but the seller was asking $38.5 million when marketing the property, which includes two four-story office buildings and a one-story retail building. Connecticut General was represented by A. Martin Morgenstern, Rick Hamilton, Jon Nesbitt and Rick Kaplan of Cushman Realty Corp. Irvine Co.

Drake Capital Securities Inc. has appointed two new vice presidents. Neil Donner has worked for Bateman Eichler, Hill Richards, William O'Neil & Co., and the Connecticut General Life Insurance Co., now Cigna. David O'Leary, a chartered financial analyst, has worked for Connecticut Bank Trust and Connecticut General Investment Management Co. In addition, O'Leary was partner and director of research at Fox-Pitt, Kelton, an international investment banking firm.

Del Norte Plaza, a unit of Los Angeles-based Pacific West Management, acquired the 215,000-square-foot Del Norte Plaza shopping center at 302-362 W. El Norte Parkway in Escondido for $25.5 million from Connecticut General Life Insurance Co. Reza Etedali of Sperry Van Ness, who represented both parties in the transaction, said the shopping center's tenants include a Von's grocery store, a Sav-On drug store, United Artists theaters and other outlets of national retailers.