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CALIFORNIA | LOCAL
January 23, 2008 | From the Associated Press
The Roman Catholic Archdiocese of Los Angeles has sold its 12-story administrative headquarters building to help pay last year's $660-million settlement with people alleging sex abuse by clergy, a spokesman said Tuesday. The Archdiocesan Catholic Center was sold to Jamison Properties of Los Angeles for $31 million, archdiocese spokesman Tod Tamberg said.
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CALIFORNIA | LOCAL
January 23, 2008 | From the Associated Press
The Roman Catholic Archdiocese of Los Angeles has sold its 12-story administrative headquarters building to help pay last year's $660-million settlement with people alleging sex abuse by clergy, a spokesman said Tuesday. The Archdiocesan Catholic Center was sold to Jamison Properties of Los Angeles for $31 million, archdiocese spokesman Tod Tamberg said.
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BUSINESS
September 25, 2001 | Jesus Sanchez
A company controlled by real estate investor David Lee boosted its already sizable portfolio of mid-Wilshire-area properties last week by purchasing a 12-story Wilshire Boulevard high-rise for about $24.2 million, according to property records and people familiar with the transaction. The 308,000-square-foot Wilshire Serrano Building at 3699 Wilshire Blvd. is almost fully occupied. The previous owner was Operating Engineers Pension.
BUSINESS
September 25, 2001 | Jesus Sanchez
A company controlled by real estate investor David Lee boosted its already sizable portfolio of mid-Wilshire-area properties last week by purchasing a 12-story Wilshire Boulevard high-rise for about $24.2 million, according to property records and people familiar with the transaction. The 308,000-square-foot Wilshire Serrano Building at 3699 Wilshire Blvd. is almost fully occupied. The previous owner was Operating Engineers Pension.
BUSINESS
August 13, 2002 | Jesus Sanchez
The Banco Popular building, a nearly century-old downtown Los Angeles building listed on the National Register of Historic Places, was acquired by Jamison Properties for $6 million. The seller, Los Angeles-based Hertz Investment Group, purchased the landmark building in December 1997 for $4.5 million. The nine-story structure is located at Spring and 4th streets. Los Angeles-based Jamison Properties is headed by David Lee, who owns approximately $300 million worth of real estate.
BUSINESS
November 20, 2003 | From Bloomberg News
Trizec Properties Inc., the second-largest U.S. real estate investment trust, said Wednesday that it had agreed to sell the 14-story Herbalife Building in Los Angeles to closely held Jamison Properties Inc. for $22.3 million in cash. The 358,000-square-foot building at La Cienega and Century boulevards was built in 1983. Its primary tenant is Herbalife International Inc., a marketer of weight-loss products.
BUSINESS
September 4, 2007 | Roger Vincent, Times Staff Writer
Jamison Properties, one of Southern California's largest private landlords, has acquired six office properties in the region for $125 million from a Newport Beach investor. The largest building, the Academy, is an eight-story office complex on the northeast corner of Lankershim and Magnolia boulevards in North Hollywood. It is part of a master-planned development that includes the Academy of Television Arts and Sciences' headquarters.
BUSINESS
August 27, 2001 | JAMES FLANIGAN
New immigrants and the increasingly global nature of business are creating a new economy in Southern California that is thriving despite the worldwide economic slowdown. One secret of this new economy is that it is based as much on small business and real estate locally as on international trade. In the San Gabriel Valley, newcomers from mainland China are joining earlier immigrants from Hong Kong and Taiwan to spur an already thriving business community.
CALIFORNIA | LOCAL
May 5, 2009 | David Zahniser
A federal judge has issued a temporary injunction barring the city of Los Angeles from taking action against unpermitted supergraphics on at least 18 buildings while the case moves ahead in court. U.S. District Judge Audrey Collins said the SkyTag advertising company submitted evidence stating that its supergraphics, or multistory images, had been erected at each location before Dec. 26, the day a temporary sign ban went into effect.
BUSINESS
December 18, 2001 | BOB HOWARD, SPECIAL TO THE TIMES
Compared with the prestigious office and retail district that it was up through the 1970s, Mid-Wilshire--which local business leaders prefer to call Wilshire Center--remains faded.
BUSINESS
June 6, 2013 | By Roger Vincent, Los Angeles Times
It was hailed as a crowning achievement for Los Angeles in the early 1970s - an indoor shopping mall that filled an entire downtown block and also boasted a plush hotel and a high-rise office building. For years, tourists flocked to the premier address. These days, however, Macy's Plaza has devolved into a dated, downscale relic and gets little love, even at the busy intersection of 7th and Flower streets. The mammoth complex can reclaim star status, its new owner said, but only after several multimillion-dollar improvements and radical surgery to open its fortress-like exterior.
BUSINESS
April 18, 2000 | BOB HOWARD, SPECIAL TO THE TIMES
Southern California office buildings have become a battleground in the quest to capture the millions of dollars per year in new revenue generated by explosive growth in tenants' demand for telecommunications services.
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