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BUSINESS
January 9, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
The Atrium--two 10-story office towers connected by a glass atrium--has been sold for more than $80 million, making it the most expensive building sold in the county in the last year, real estate sources said Monday. Developer French & McKenna Co. sold the structure to Hoyogo Real Estate USA Inc., which was described as a Japanese real estate syndicator. Executives from both companies couldn't be reached for comment.
BUSINESS
January 9, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
The Atrium--two 10-story office towers connected by a glass atrium--has been sold for more than $80 million, making it the most expensive building sold in the county in the last year, real estate sources said Monday. Developer French & McKenna Co. sold the structure to Hoyogo Real Estate USA Inc., which was described as a Japanese real estate syndicator. Executives from both companies couldn't be reached for comment.
REAL ESTATE
June 28, 1987 | DICK TURPIN, Times Real Estate Editor
The 24th annual "Best in the West" home-building and design competition was dominated once again by Southern California builders and architects who snared 19 grand awards, including two coveted "Home of the Year" prizes.
REAL ESTATE
January 4, 1987
Three firms have signed leases worth more than a combined $4.9 million for space in the Atrium, developer French & McKenna Co.'s 340,000-square-foot office complex in Irvine.
REAL ESTATE
August 23, 1987
Merrill Lynch, Pierce Fenner & Smith has signed a 10-year lease valued at more than $2.5 million to occupy about 11,000 square feet of office space in The Atrium, a twin-towered complex at 19100 and 19200 Von Karman Ave., Irvine. The firm will occupy the entire 10th floor of the 19200 Building, according to French & McKenna Co., the project's developer.
BUSINESS
October 21, 1988
FACTS AND FIGURES Address: 19100 and 19200 Von Karman Ave., Irvine Developer: French & McKenna Co. Architect: WZMH Group Inc., Los Angeles Primary Contractor: French & McKenna Broker: Coldwell Banker, Newport Beach Financing: Citicorp Real Estate Inc. Number of floors: 10 Square feet: 410,982 Use: Office and retail Cost (land and building): $65 million Date completed: September,1986 Percentage of building leased: 80% Parking capacity: 1,189 Rental cost per square foot: $2.
REAL ESTATE
April 6, 1986
Based on current and future construction through 1995, the 15.6 million square feet of space under construction and permitted in the Irvine Business Complex (IBC) is valued at $1,223,000,000 and will create 25,000 construction jobs. "As the Irvine Business Complex becomes Orange County's central business district, thousands of jobs are being created and billions of dollars pumped into the local economy," according to Richard Ortwein, division president of the Koll Co.
BUSINESS
October 18, 1985 | LESLIE BERKMAN, Times Staff Writer
Responding to the Southland's current glut of new office buildings, Equidon Investment Builders, an Irvine-based commercial development firm that has built about $250 million worth of properties since 1980, said Thursday that it has closed shop. In its place, Equidon's chairman, John B. Parker, has revived another corporation he and his family own that will concentrate on property leasing and management, according to Equidon's former general counsel, Richard Frick.
BUSINESS
January 18, 1986 | LESLIE BERKMAN, Times Staff Writer
In an effort to repel an onslaught of lawsuits from suppliers and subcontractors, Equidon Contractors plans to file for voluntary liquidation under Chapter 7 of the federal bankruptcy laws next week, possibly Monday, an attorney for the company said Friday. Irvine-based Equidon Contractors originally was the construction arm of Equidon Cos.
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