October 25, 2006 |
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.
October 24, 2000 |
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.
December 27, 1996 |
An investment fund advised by Douglas Emmett, a Westwood-based real estate investment firm, has purchased the 1-million-square-foot MGM Plaza office complex in Santa Monica for about $220 million, sources said. Douglas Emmett acquired the complex after extensive negotiations with Los Angeles-based Maguire Thomas Partners, which acquired the building in partnership with IBM Corp. and the property's mortgage lender, Chase Manhattan Bank, in 1988.
February 27, 1998 |
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.
February 13, 1999 |
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.
March 30, 1999 |
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.