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BUSINESS
June 22, 1989
Hilton Retains Shearson: Hilton Hotels, whose stock has soared in recent weeks on rumors that it may be sold, said it has hired as financial advisers the New York investment banking firms Shearson Lehman Hutton and Eastdil Realty. They are to consult on various strategies to "maximize shareholder values," the Beverly Hills hotel firm said. Eastdil is 50% owned by Nomura Securities of Japan. Shortly after coming into 34% voting control in the firm founded by his father, Chairman Barron Hilton said May 12 that the company was not seeking a buyer but would consider any purchase offers.
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BUSINESS
July 30, 2008 | Roger Vincent, Times Staff Writer
Two New York commercial real estate brokerages have been selected by Tribune Co. to market the Los Angeles Times' main office downtown and Tribune Tower in Chicago to potential buyers, the company said Tuesday. Cushman & Wakefield will look for buyers for The Times' historic headquarters at 1st and Spring streets, and Eastdil Secured will try to sell the landmark Tribune building overlooking the Chicago River, said Stephanie Pater, director of real estate for Tribune.
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REAL ESTATE
April 12, 1987
In one of the largest recent realty transactions in the Southland, Pacific Financial Group of Beverly Hills has purchased three office buildings on Sepulveda Boulevard in El Segundo for $270 million. The firm purchased Pacific Corporate Towers, formerly Prudential Airport Towers, from the Prudential Insurance Co. of America. The 12-acre project at 100/200/222 N. Sepulveda Blvd., near Los Angeles International Airport, has more than 1.5 million square feet of rentable space.
BUSINESS
November 3, 2005 | Roger Vincent
Los Angeles real estate investment banking firm Secured Capital Corp. has agreed to be acquired by Eastdil Realty, the New York-based real estate investment banking subsidiary of Wells Fargo & Co., the companies said. The combined company will be known as Eastdil Secured. Terms of the transaction were not disclosed. It is expected to close early next year. Eastdil executives Benjamin V. Lambert and Roy H. March will be chairman and chief executive, respectively, of the new company. D.
BUSINESS
July 30, 2008 | Roger Vincent, Times Staff Writer
Two New York commercial real estate brokerages have been selected by Tribune Co. to market the Los Angeles Times' main office downtown and Tribune Tower in Chicago to potential buyers, the company said Tuesday. Cushman & Wakefield will look for buyers for The Times' historic headquarters at 1st and Spring streets, and Eastdil Secured will try to sell the landmark Tribune building overlooking the Chicago River, said Stephanie Pater, director of real estate for Tribune.
BUSINESS
November 3, 2005 | Roger Vincent
Los Angeles real estate investment banking firm Secured Capital Corp. has agreed to be acquired by Eastdil Realty, the New York-based real estate investment banking subsidiary of Wells Fargo & Co., the companies said. The combined company will be known as Eastdil Secured. Terms of the transaction were not disclosed. It is expected to close early next year. Eastdil executives Benjamin V. Lambert and Roy H. March will be chairman and chief executive, respectively, of the new company. D.
REAL ESTATE
April 17, 1988
New York-based Eastdil Realty Inc., a real estate investment banking firm, has opened a Los Angeles office in the Century City North Building at 10100 Santa Monica Blvd.
BUSINESS
September 18, 1985
A spokesman for the partnership formed by Atlantic Richfield, Bank of America and a subsidiary of RCA said that Eastdil Realty and First Boston Real Estate, both of New York, will help develop a marketing strategy for the twin 52-story Arco Tower offices, located at 5th and Flower streets. Arco and B of A intend to lease back space in the buildings, which serve as Arco's world headquarters and the Southern California headquarters for Bank of America.
BUSINESS
March 12, 1996 | Times Staff and Wire Reports
Prudential Nears Decision on Sale of L.A. Complex: The New York-based company said it is close to deciding whether to sell Century Plaza Towers, one of its largest properties. Prudential Insurance Co. of America is "very close to making that decision," a company spokesman said. Prudential owns 50% of the complex; a consortium led by Citicorp owns the rest. Prudential and Citicorp have retained New York-based Eastdil Realty Inc. to explore a possible sale, the spokesman said.
BUSINESS
March 19, 2002 | Brad Berton
Wells Fargo & Co. real estate investment banking unit Eastdil Realty has invested in a property exchange service established by Los Angeles local commercial real estate veterans Jim Shaw and Frank Jansen. Income-property finance specialist Shaw and title insurance executive Jansen in September founded CapHarbor Real Estate Exchange Solutions, which helps arrange tax-deferred exchange transactions through which sellers can defer capital-gains taxes by acquiring other properties.
BUSINESS
June 22, 1989
Hilton Retains Shearson: Hilton Hotels, whose stock has soared in recent weeks on rumors that it may be sold, said it has hired as financial advisers the New York investment banking firms Shearson Lehman Hutton and Eastdil Realty. They are to consult on various strategies to "maximize shareholder values," the Beverly Hills hotel firm said. Eastdil is 50% owned by Nomura Securities of Japan. Shortly after coming into 34% voting control in the firm founded by his father, Chairman Barron Hilton said May 12 that the company was not seeking a buyer but would consider any purchase offers.
REAL ESTATE
April 12, 1987
In one of the largest recent realty transactions in the Southland, Pacific Financial Group of Beverly Hills has purchased three office buildings on Sepulveda Boulevard in El Segundo for $270 million. The firm purchased Pacific Corporate Towers, formerly Prudential Airport Towers, from the Prudential Insurance Co. of America. The 12-acre project at 100/200/222 N. Sepulveda Blvd., near Los Angeles International Airport, has more than 1.5 million square feet of rentable space.
BUSINESS
November 6, 2001
Experts in all facets of real estate finance and investments will examine the industry's prospects in light of the current economic and political uncertainties at UCLA Extension's annual finance and investment conference Wednesday at the Millennium Biltmore Hotel in Los Angeles. Keynote speaker will be Sam Zell, chairman of Equity Group Investments. Other speakers will include Roy March, president of Eastdil Realty Co.
BUSINESS
October 1, 1999 | Bloomberg News
Wells Fargo & Co. agreed to buy North County Bancorp for about $112 million in stock, or $21 a share, acquiring nine branches in San Diego and Riverside counties. Escondido-based North County has $349 million in assets and 250 employees and operates a loan production office in the Seattle area. San Francisco-based Wells also said it will buy closely held real estate investment bank Eastdil Realty to enter the real estate advisory business. Terms weren't disclosed.
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