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High Rise Buildings

BUSINESS
April 3, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
Downtown Los Angeles' glitzy but financially struggling high-rise apartment complexes have become the target of real estate investors gambling that rents will rise as the real estate market recovers. The latest buyer is Palo Alto-based Essex Property Trust Inc., which this week acquired the 19-story Bunker Hill Towers, downtown L.A.'s first high-rise apartment complex, from a Hong Kong partnership for $36.5 million.
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CALIFORNIA | LOCAL
March 3, 1998
A group of homeowners near the site of a proposed high-rise office building have vowed to continue fighting the project despite a vote of approval by the city Planning Commission. The commission last week approved the Constellation Place development as well as the developers' plan to use a new traffic mitigation measure on 73 intersections surrounding the project.
CALIFORNIA | LOCAL
February 1, 1998 | JON STEINMAN, SPECIAL TO THE TIMES
Robert M. Reich moved into his condominium in Verdugo Towers in 1966, one year after Glendale's first residential high-rise was completed. After paying $71,000 for an 11th-floor penthouse, Reich and his wife prepared for the quiet life of retirement, amid views spanning the San Fernando Valley and its cradling mountains.
NEWS
December 9, 1997 | From Times Wire Reports
Workers trapped in a burning office tower of the nation's central bank yelled for help and waved red cloths as flames gutted the building's top three floors, killing at least 14 people. Faulty electrical wiring may have caused the fire in the new, 25-story Bank Indonesia building in central Jakarta, a fire official said. Some of the victims died of smoke inhalation; others were badly burned. About 200 people were evacuated down stairs, and a police helicopter rescued four people from the roof.
BUSINESS
November 26, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Howard-Platz Group of Glendale has revived its long-dormant plans to build a nine-story office building and a 362-car garage on North Brand Boulevard in Glendale. The developer has already begun demolishing several small buildings on the site to make way for the 170,000-square-foot office building. Construction could begin in the next month or two, said Derrill Quaschnick, assistant director of the Glendale Redevelopment Agency. The $16.3-million construction contract was recently awarded to St.
BUSINESS
November 26, 1997 | BRAD BERTON, SPECIAL TO THE TIMES
A real estate investment operation affiliated with one of Hong Kong's wealthiest families will acquire one of the tallest office towers in Beverly Hills today for $27 million, the president of the buyer company confirmed. The K.S. Lo family-controlled company's acquisition of the 12-story tower at 9701 Wilshire Blvd. continues a recent string of sales of high-profile office buildings on the fast-recovering Westside.
CALIFORNIA | LOCAL
October 21, 1997
More than 100 people attended a public hearing Monday to discuss a proposal to build a 38-story office building near the Century City Shopping Center, officials said. AP Properties, owner of a parking lot on Constellation Boulevard between Avenue of the Stars and Century Park East, has proposed building 770,000 square feet of office space on the site, said Cindy Starrett, attorney for the company. City Councilman Mike Feuer, who represents the area, spoke against the project.
BUSINESS
September 30, 1997 | Jesus Sanchez
An affiliate of Equity Office Properties Trust, which is controlled by Chicago financier Sam Zell, has agreed to purchase 550 South Hope, a 28-story building in downtown Los Angeles owned by Ohbayashi America Corp., for an estimated $100 million, according to sources familiar with the deal. The sale of the 565,000-square-foot building is expected to be completed during the first week of October.
CALIFORNIA | LOCAL
September 2, 1997 | J.J. POPE
When it comes to high-rise buildings in Orange County, the extreme isn't all that extreme. Costa Mesa's Center Tower, at 287 feet and 21 stories, is the tallest. The second-tallest building in the county is just 2 feet shorter: the 21-story Plaza Tower, also in Costa Mesa, near South Coast Plaza. Signs indicate that these kings of the Orange County skyline probably won't be dethroned by other structures any time soon.
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