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Homart Development Co

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BUSINESS
June 13, 1995 | Times Staff and Wire Reports
Sears May Sell Its Malls to General Growth: Sears, Roebuck & Co. said it is negotiating the sale of its shopping center properties to General Growth Properties Inc., moving the retailer closer to an exit from the real estate business. Sears said it will negotiate only with the Des Moines, Iowa-based real estate investment trust to unload Homart Development Co.'s mall portfolio, which has been valued at about $1.6 billion.
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BUSINESS
June 13, 1995 | Times Staff and Wire Reports
Sears May Sell Its Malls to General Growth: Sears, Roebuck & Co. said it is negotiating the sale of its shopping center properties to General Growth Properties Inc., moving the retailer closer to an exit from the real estate business. Sears said it will negotiate only with the Des Moines, Iowa-based real estate investment trust to unload Homart Development Co.'s mall portfolio, which has been valued at about $1.6 billion.
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REAL ESTATE
November 16, 1986
Construction has begun on Centerside II, Homart Development Co.'s 16-story office building in Mission Valley, San Diego. Completion is scheduled for fall, 1987. The $40-million, 282,000-square-foot building is the tallest office building under construction in Mission Valley and is rising next to Centerside I, the Commonwealth Bank Building. The new building will match Centerside I's glass curtain wall and will expand on the park-like setting with its pond, and brook.
REAL ESTATE
November 16, 1986
Construction has begun on Centerside II, Homart Development Co.'s 16-story office building in Mission Valley, San Diego. Completion is scheduled for fall, 1987. The $40-million, 282,000-square-foot building is the tallest office building under construction in Mission Valley and is rising next to Centerside I, the Commonwealth Bank Building. The new building will match Centerside I's glass curtain wall and will expand on the park-like setting with its pond, and brook.
REAL ESTATE
June 7, 1987
The $12-million, 12-story second phase of the four-phase Xerox Centre has been completed at El Segundo and Continental boulevards in El Segundo. The 256,000-square-foot office tower, developed by Xerox Realty Corp. and Homart Development Co., was designed by Gensler & Associates, Century City.
REAL ESTATE
June 21, 1987
The Wilshire Landmark, Homart Development Co.'s 24-story office building in Brentwood, has reached the 52% leasing mark with the signing of Doremus Porter Novelli and Ketchum Communications, according to Christopher T. Stirling, senior development director. The Landmark was designed by the Nadel Partnership, Santa Monica.
REAL ESTATE
July 13, 1986
Two Los Angeles area buildings have been honored for their renovation and modernization efforts by Buildings, the facilities construction and management magazine. An award for modernization excellence went to Montclair Plaza, a shopping mall in Montclair, built in 1968 and renovated by Homart Development Co. with the addition of a second story and a food court and an interior redesign. An honorable mention went to the Hammerson 655 Building, Los Angeles, owned by the Hammerson Property Corp.
NEWS
August 22, 1991
Revised landscaping plans to conserve water at a temporary park downtown were approved Tuesday by the Glendale Redevelopment Agency. The park will be on the northern portion of the site of a new 20-story office and retail development at Broadway and Brand Boulevard. Homart Development Co.
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