June 28, 1987
Mark J. Riedy, former president of the Federal National Mortgage Assn., has been named president and chief operating officer of Alexandria, Va.-based J. E. Robert Cos. Riedy was an executive at the Mortgage Bankers Assn. of America for eight years before he joined Fannie Mae in January, 1985. J. E. Robert helps investors and regulators to seek profits from financially distressed real estate.
November 17, 2001 |
LandGrant Development opened a 75-store retail center in San Diego, phase one of a $260-million project that will be the largest private development on the 2,000-mile U.S.-Mexico border. The Spanish-style Las Americas project was built in an effort to capture business from the 60 million people who annually pass through the San Ysidro border crossing, the world's busiest, said Samuel Marasco, president of the San Diego-based developer. The project abuts the border crossing.
June 13, 1997 |
Financier and supermarket mogul Ron Burkle has expressed interest in becoming a partner in the troubled Playa Vista real estate project where DreamWorks SKG wants to build a studio, according to people close to the project. Burkle's interest is the latest twist in the saga of the much-hyped, $8-billion mixed-use project that each day teeters closer to unraveling altogether.
February 7, 1997 |
One of the biggest hurdles holding up the beleaguered Playa Vista/DreamWorks movie studio development was crossed Thursday when developer Maguire Thomas Partners agreed to negotiate exclusively with a Los Angeles-based financier aiming to arrange $200 million in financing. The developer said it will team with Pacific Capital Group, which beat out such competitors as Wall Street firms Morgan Stanley and Goldman, Sachs & Co. to form a new partnership to develop Playa Vista.
January 24, 1997 |
From studios in Burbank to shopping centers in Orange County, union pension money has helped finance scores of real estate projects large and small across Southern California. But those projects and investments pale in comparison to an ambitious and risky union venture to buy control of the region's largest and most controversial proposed development, Playa Vista.
August 11, 1989 |
Its assets include a racehorse with syphilis, the world's first vertical country club and the shell of a luxury condominium on a rocky ledge in Puerto Rico. In fact, the Resolution Trust Corp., which conducted its first business on Thursday, will be the largest financial institution in the world.