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Douglas Emmett Company

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CALIFORNIA | LOCAL
July 17, 1998 | GEORGE WHITE, TIMES STAFF WRITER
Sherman Oaks Galleria, famous as the former hangout of shopaholic Valley Girls is involved in a legal dispute between its owner and Robinsons-May, its largest tenant. The two sides are bickering over who is to blame for an exodus of merchants that has turned the San Fernando Valley's shopping mecca of the 1980s into a sea of empty storefronts.
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BUSINESS
October 25, 2006 | Roger Vincent, Times Staff Writer
Investors drove up shares of Douglas Emmett Inc. in its first day of trading Tuesday, underscoring the desirability of Southern California commercial real estate and the company's strong position in that market, analysts said. The Santa Monica-based office landlord, which owns several trophy office buildings in the Southland, saw its stock jump 12.6% a day after it raised $1.39 billion in the largest initial public offering ever for a U.S. real estate investment trust.
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BUSINESS
November 19, 1997 | BRAD BERTON, SPECIAL TO THE TIMES
A client of locally based Douglas Emmett Realty Advisors is acquiring the 17-story Wilshire Landmark II tower in Brentwood for between $125 million and $130 million, continuing the noteworthy recent string of Westside office building sales, sources familiar with the deal said. The sale of the 373,000-square-foot high-rise, expected to close this week, is the latest acquisition involving a high-profile office building in the fast-recovering Westside market.
BUSINESS
June 17, 2006 | Roger Vincent, Times Staff Writer
Commercial landlord Douglas Emmett Inc. of Santa Monica filed papers Friday to become a publicly traded company, saying it intends to sell $1.1 billion in stock in what would be a record initial public offering for a real estate investment trust. It owns some of the region's most prized property, including a 21-story ocean view office building in Santa Monica, Studio Plaza in Burbank's Media District and apartments in Hawaii.
BUSINESS
October 24, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
Douglas Emmett & Co., which manages Southland commercial real estate investments on behalf of various institutions, has quietly acquired four more local office buildings for more than $115 million. Company leaders declined to discuss their activities, but Los Angeles County real estate records indicate Douglas Emmett recently purchased two towers in Encino, another in Brentwood and the four-story office building at 808 Wilshire Blvd. in Santa Monica, where the company is headquartered.
BUSINESS
February 27, 1998 | Bob Howard
Brentwood-based Douglas Emmett & Co. has acquired the 712-unit Barrington Plaza in West Los Angeles, one of the largest apartment complexes in Los Angeles County, for approximately $100 million. The Barrington Plaza complex, which includes three apartment towers plus approximately 50,000 square feet of retail shops and office space, occupies a full block along Wilshire Boulevard between Barrington and Stoner avenues.
BUSINESS
February 13, 1999 | BRAD BERTON, SPECIAL TO THE TIMES
One of Southern California's most desirable office buildings, 100 Wilshire in Santa Monica, is being purchased by Brentwood-based Douglas Emmett Realty Advisors for an estimated $90 million, The Times has learned. The sale by Asahi Urban Development is believed to be one of the few cases in which Japanese owners of trophy properties purchased at the peak of the 1980s real estate boom in California have received more for a building than they paid for it.
BUSINESS
March 30, 1999 | BRAD BERTON, SPECIAL TO THE TIMES
Douglas Emmett Realty Advisors has closed its purchase of downtown Santa Monica's 100 Wilshire luxury office building. The institutional investment advisor paid approximately $87 million for the 21-story landmark, which features 245,413 square feet of office space overlooking the beach at Wilshire Boulevard and Ocean Avenue. The tower, Santa Monica's tallest building, boasts some of Southern California's steepest office rents, ranging up to $4.50 per square foot per month.
BUSINESS
June 17, 2006 | Roger Vincent, Times Staff Writer
Commercial landlord Douglas Emmett Inc. of Santa Monica filed papers Friday to become a publicly traded company, saying it intends to sell $1.1 billion in stock in what would be a record initial public offering for a real estate investment trust. It owns some of the region's most prized property, including a 21-story ocean view office building in Santa Monica, Studio Plaza in Burbank's Media District and apartments in Hawaii.
BUSINESS
September 12, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
Escrow has closed on Douglas Emmett Realty Advisors' purchase of the Warner Center Plaza office towers in the heart of the Warner Center commercial complex in Woodland Hills. The Santa Monica company, which owns and operates commercial and residential buildings on behalf of private investors, is believed to have paid about $335 million for the six glass-skinned high-rises on Oxnard Street.
BUSINESS
September 12, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
Escrow has closed on Douglas Emmett Realty Advisors' purchase of the Warner Center Plaza office towers in the heart of the Warner Center commercial complex in Woodland Hills. The Santa Monica company, which owns and operates commercial and residential buildings on behalf of private investors, is believed to have paid about $335 million for the six glass-skinned high-rises on Oxnard Street.
BUSINESS
June 25, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
After amassing a huge collection of office buildings on the Westside of Los Angeles, Douglas Emmett Realty Advisors is rapidly emerging as possibly the biggest player in the San Fernando Valley office market.
BUSINESS
September 20, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Santa Monica investment manager Douglas Emmett Realty Advisors on Wednesday added another trophy property to its portfolio of major local office and apartment buildings: Century City's 20-story 1901 Avenue of the Stars.
BUSINESS
May 8, 2001 | A Times Staff Writer
Los Angeles-based Mani Brothers Real Estate Investment has sold a 60,000-square-foot office building in Sherman Oaks to Douglas Emmett Realty for $12.5 million. The four-story building on Ventura Boulevard is anchored by Sanwa Bank and has about 20 other tenants. Bob Safai of Madison Partners represented Mani Brothers in the sale.
BUSINESS
October 24, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
Douglas Emmett & Co., which manages Southland commercial real estate investments on behalf of various institutions, has quietly acquired four more local office buildings for more than $115 million. Company leaders declined to discuss their activities, but Los Angeles County real estate records indicate Douglas Emmett recently purchased two towers in Encino, another in Brentwood and the four-story office building at 808 Wilshire Blvd. in Santa Monica, where the company is headquartered.
BUSINESS
March 30, 1999 | BRAD BERTON, SPECIAL TO THE TIMES
Douglas Emmett Realty Advisors has closed its purchase of downtown Santa Monica's 100 Wilshire luxury office building. The institutional investment advisor paid approximately $87 million for the 21-story landmark, which features 245,413 square feet of office space overlooking the beach at Wilshire Boulevard and Ocean Avenue. The tower, Santa Monica's tallest building, boasts some of Southern California's steepest office rents, ranging up to $4.50 per square foot per month.
BUSINESS
September 20, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Santa Monica investment manager Douglas Emmett Realty Advisors on Wednesday added another trophy property to its portfolio of major local office and apartment buildings: Century City's 20-story 1901 Avenue of the Stars.
BUSINESS
October 25, 2006 | Roger Vincent, Times Staff Writer
Investors drove up shares of Douglas Emmett Inc. in its first day of trading Tuesday, underscoring the desirability of Southern California commercial real estate and the company's strong position in that market, analysts said. The Santa Monica-based office landlord, which owns several trophy office buildings in the Southland, saw its stock jump 12.6% a day after it raised $1.39 billion in the largest initial public offering ever for a U.S. real estate investment trust.
BUSINESS
February 13, 1999 | BRAD BERTON, SPECIAL TO THE TIMES
One of Southern California's most desirable office buildings, 100 Wilshire in Santa Monica, is being purchased by Brentwood-based Douglas Emmett Realty Advisors for an estimated $90 million, The Times has learned. The sale by Asahi Urban Development is believed to be one of the few cases in which Japanese owners of trophy properties purchased at the peak of the 1980s real estate boom in California have received more for a building than they paid for it.
BUSINESS
December 8, 1998 | BRAD BERTON, SPECIAL TO THE TIMES
When this fall's commercial real estate credit crunch suddenly put a damper on sales to voracious real estate investment trusts, privately held Douglas Emmett Realty Advisors snatched up a handful of widely recognized local office buildings with a combined value estimated at well over $425 million. As transactions now underway close in the weeks ahead, the Brentwood-based firm will add landmark office towers in the San Fernando Valley and the Westside of Los Angeles to its hefty portfolio.
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