July 9, 2009 |
Investor Fred Sands, who once ran one of the country's largest residential sales brokerages, is adding to his growing commercial real estate portfolio by buying the large SouthBay Pavilion shopping center in Carson. In a sign of how much real estate values have declined since the recession began, Sands' company Vintage Capital Group is expected to complete its purchase of the mall near the 405 Freeway today for $50 million. That's well below the combined $34.
July 1, 2009 |
The Museum of Contemporary Art has elected three new trustees: writer-producer Darren Star, whose credits include "Sex and the City," "Melrose Place" and "Beverly Hills, 90210"; Carolyn Clark Powers, who also is on the collectors' committee at the L.A. County Museum of Art; and Marc I. Stern, an investment executive who chairs Los Angeles Opera and is a board member of the Music Center, California Science Center and the Kennedy Center for the Performing Arts...
January 11, 2009 |
The gig: For decades, Fred Sands' name was ubiquitous on Fred Sands Realtors signs throughout California. The company merged with Coldwell Banker in 2000 in a nine-figure deal. Sands is now chairman of Vintage Capital Group, where he specializes in turning around distressed companies and shopping centers. In the last 12 months, Vintage has picked up 1.6 million square feet of retail space and has brought its shopping center occupancy up to 95%, Sands said.
December 2, 2000 |
Southern California's No. 1 and No. 2 real estate brokerages announced Friday that they are joining forces, creating a real estate behemoth with 113 offices and 5,700 agents working in communities from Santa Barbara to San Diego. Coldwell Banker Residential Brokerage and Fred Sands said they have completed the deal and that Sands' operations, except for 40 franchise offices, will move entirely under Coldwell Banker's roof.
March 9, 1998 |
If there's any doubt that Southern California's housing market is hot, ask Jeff Stokes, a speculator who just placed his biggest bet yet. Stokes is a Pasadena real estate agent who for years has made money buying and fixing up old homes for profit, except when the market bottomed out earlier this decade and he lost his shirt. Now, he is building a home high in the Laguna Beach hills that he hopes to sell for $1.25 million when he finishes.
December 4, 1997 |
Fred Sands Realtors on Wednesday said it will drop out of the commercial real estate business by merging its Sands Commercial unit into the brokerage division of Charles Dunn Co. Inc. The value of the deal was not disclosed. Founder and company President Fred Sands said the move will allow him to focus on his larger and better known Brentwood-based residential brokerage business, which includes more than 50 offices and about 1,500 agents statewide.