April 6, 2010 |
Public Storage, the nation's largest self-storage company, is expanding, taking advantage of tough times in the industry. In a deal worth about $189 million, the Glendale company is buying 30 facilities from an owner that has run into difficulties. "The storage industry has been in turmoil, and our competitors have come to us to see if we'd be willing to buy their properties," company spokesman Clem Teng said Monday. "This deal comes in at just under $100 per square foot, which in today's market is pretty hard to duplicate, especially in L.A. and Chicago."
CALIFORNIA | LOCAL
March 4, 2011 |
After years of delays and false starts, the project seemed to be nearing completion, finally. It was the spring of 2009, and construction crews at Los Angeles City College appeared to have accomplished the neat trick of building a track and athletic field on the roof of a new parking structure. Field boundaries had been marked in white on the artificial turf. Bleachers had been installed, and workers were laying the track. Billions to Spend: Complete Coverage It was easy to imagine that students would soon be playing soccer or running sprints against a backdrop of pencil-thin palms, chocolate-colored hills and the Hollywood sign.
January 12, 2006 |
Boeing Co. will spend $100 million to set up an aircraft maintenance facility in India as more carriers in the country purchase airplanes to expand. Boeing also agreed to spend 85 billion rupees ($1.9 billion) for equipment from India after Air India Ltd., the nation's biggest overseas airline, agreed to buy $11 billion worth of planes. Airlines in India ordered more than 200 planes valued at $24 billion last year.
CALIFORNIA | LOCAL
January 28, 1988 |
A Port of Los Angeles plan to move hazardous facilities away from populated areas has come under fire from Wilmington residents, who worry that it will stand in the way of a consultant's proposal for revitalizing their community. The consultant, former Los Angeles Planning Director Calvin Hamilton, has proposed giving Wilmington recreational access to the waterfront at the harbor's Slip No. 5, which is at the foot of Avalon Boulevard.
June 29, 2000 |
Seed producer Seminis Inc. on Wednesday said it will eliminate about 600 jobs and 15 production facilities in a global restructuring plan designed to reduce costs by $136 million over the next five years. Saticoy-based Seminis will take a pretax restructuring charge of $36 million, or 61 cents per share, in fiscal 2000 to cover restructuring costs. It wasn't immediately clear which plants will be closed.
April 16, 1987 |
West Hollywood planning officials have begun research to determine whether the City Council should encourage development of residential care centers for AIDS patients, handicapped residents, infirm senior citizens and runaway youths in the city. At the request of Councilwoman Abbe Land, city planners are looking into the potential effects of such centers, their legal implications and licensing hurdles.
February 22, 1985 |
Playing in ramshackle ballparks, Satchel Paige and Josh Gibson barnstormed for years, throwing no-hitters and hitting mammoth home runs. On a team of glittering stars, they won consistently in less-than-ideal conditions. The era of the Negro Leagues is long over, but the conditions do not seem much better for the sixth-ranked San Diego State baseball team. This is a team that each year holds its own against some of the best teams in the country--Arizona State, Arizona, USC and Hawaii.
January 8, 2014 |
The U.S. Department of Agriculture suspended operations at a Foster Farms poultry plant Wednesday because of a cockroach infestation. The plant, which is located in Livingston, Calif., 25 miles southeast of Modesto, was one of three Foster Farms facilities linked to a salmonella outbreak that has sickened at least 416 people nationwide since last March. "Our inspectors wrote several noncompliance reports for insanitary conditions at the plant and then took the action to suspend today," Adam Tarr, a spokesman for the USDA's Food Safety and Inspection Service, said in an email Wednesday.
April 9, 1993 |
Community Psychiatric Centers, preparing to close or sell some of its psychiatric hospitals and cut as much as 10% of its work force, said Thursday that it posted a loss of $37.9 million for its latest fiscal quarter. The psychiatric hospital chain, which has 53 facilities worldwide, last month warned investors to expect the red ink, the bulk of which results from writing off the cost of severance packages and assets as part of the restructuring of an unspecified number of hospital facilities.
September 24, 2011
A Rand Corp. study this week seemed to nip the conventional wisdom about medical marijuana dispensaries in the proverbial bud, contradicting statements from law enforcement officials that these facilities are magnets for crime. On the contrary, Rand researchers said, crime actually increased in the vicinity of hundreds of L.A. dispensaries after they were ordered to shut down. Does this mean that dispensaries decrease neighborhood crime rather than increasing it? Unfortunately, despite Rand's analysis, we still don't know the answer.