June 7, 1985
The Denver-based aircraft company, which had been attempting to develop an experimental executive plastic-like aircraft with a rear propeller, filed for Chapter 7 liquidation proceedings in U.S. Bankruptcy Court. It listed assets of $7 million and liabilities of $475 million. The filing came just a few days after the principals, including the widow of aviation pioneer William Lear, created a general partnership apparently intended to retain the manufacturing rights to the project.
December 17, 1987
The six-story Harbor Bank Building in Long Beach has been sold for $21 million to a foreign investment group, according to officials of Bank of America Investment Real Estate Group. The investment group refused to name the buyers nor their nationality in the purchase of the 3-year-old building at 11 Golden Shore Blvd. The property is being sold by Golden Shore Professional Building, a general partnership, which built the ocean-view building.
September 11, 1986 |
Many people dream of being their own boss and running a small business. The dream usually has you sitting on the beach in Tahiti because the wildly successful, well-oiled operation you started now runs itself, thanks to the excellent staff you hired and the policies and procedures you put in place.
February 21, 1986 |
A federal court judge on Thursday froze the assets of Doerring & Associates, the financially strapped real estate investment firm that has been accused by regulators of fraud and securities violations. U.S. District Judge Edward J. Schwartz, overseeing a standing-room-only, 5 1/2-hour hearing that at times wastension-packed but in the end uneventful, also continued a stay on the operations of Doerring's 80 limited partnerships.