June 13, 2003 |
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.
May 15, 2001 |
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.
January 25, 2003 |
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.
CALIFORNIA | LOCAL
October 25, 2003 |
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.
December 2, 1988
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.
May 15, 2001
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.