July 7, 2003 |
A Calabasas developer is buying the former Getty Oil Co. headquarters on Wilshire Boulevard in Los Angeles for more than $20 million and plans to transform it into an upscale apartment building. Upside Investments Inc. is in escrow on 3810 Wilshire, a 22-story high-rise that was completed in 1963 by oil tycoon J. Paul Getty.
CALIFORNIA | LOCAL
November 27, 1999
Retired roustabout foreman Charles A. Lake died Tuesday at Community Memorial Hospital in Ventura. He was 81. Lake was born July 28, 1918, in Coalinga. At the age of 3, he moved with his family to Ventura, where he grew up and attended school. During World War II, he served in the Army and participated in the Normandy invasion. Lake was a roustabout foreman for Getty Oil Co. for 40 years, retiring in 1980.
December 7, 1997 |
At his death in 1976, J. Paul Getty left 4 million shares of Getty Oil stock--valued at $700 million--to his museum in Malibu. The bequest had grown to $1.2 billion by 1982, when Getty's estate was settled in court, and the endowment it funded is now worth an unfathomable $4.5 billion. Then there are the stories.
March 2, 1989 |
After five seemingly serene years composing and listening to classical music in the soundproof salon of his San Francisco mansion, Gordon Getty, the quirky, 55-year-old oil heir, has made a splashy return to the world of big business. His last major business exposure was at Getty Oil Co., not as an executive but as a member of its board and sole trustee of the family fortune that owned 40% of the company.
February 26, 1988 |
Getty Petroleum Corp. on Thursday joined two other investor groups building up stakes in Texaco, saying it has acquired about $14 million worth of shares in the oil company and plans to buy more. Getty Petroleum--not the same Getty at the root of Texaco's battle with Pennzoil that caused its bankruptcy filing last year--said it would seek government approval to buy more than $15 million of Texaco stock.
January 1, 1988
Robert N. Miller, 59, president of Getty Oil Co. until 1984 when Texaco Inc. took over the company. An engineer with Getty since 1950, Miller left the company to join Skelly Oil Co. in Tulsa but rejoined his old Los Angeles-based employer when it absorbed the Oklahoma firm in 1977. After his retirement he moved to Texas and established his own businesses. In Bastrop, Tex., on Wednesday after what was described only as a "short illness."