January 29, 1990 |
In the heart of Westside anti-growth territory, the developer of the enormous proposed city within a city called Playa Vista held a public meeting late last year to unveil plans for a new marina on the edge of Marina del Rey. The audience of several hundred community activists, boat owners, environmentalists and others listened for 2 1/2 hours as Nelson C.
December 13, 1989 |
JMB Realty Corp. reportedly is bidding for Bloomingdale's department stores and Hilton Hotels Corp., and an industry analyst said Tuesday that both properties would mesh with the international firm's expansion strategy. JMB, a real estate investment, management and development firm, is one of at least six bidders for all or part of Hilton, which went on the market in May, the Wall Street Journal reported in Tuesday's editions.
CALIFORNIA | LOCAL
February 16, 1989 |
Howard Hughes Properties withdrew Wednesday as the main developer of the late billionaire's vast Santa Monica Bay land holdings near Playa del Rey after years of bitter political controversy over the future of one of America's most valuable stretches of undeveloped urban land. Instead, the firm is forming a joint venture with two high-powered urban development firms that have close connections in Los Angeles City Hall--Maguire Thomas Partners and JMB Realty Corp.
July 27, 1988 |
Amfac, a diversified company with major interests in Hawaii, agreed Tuesday to be acquired in a $920-million deal by JMB Realty Corp., a giant Chicago real estate investor whose holdings include a big chunk of Century City. Privately owned JMB agreed to pay Amfac shareholders $49 a share, a significant increase over the $41-a-share proposal submitted by an Amfac management-led group in May.
May 28, 1987
The Canadian firm has signed a letter of intent to sell most of the U.S. holdings to a group including Michael Prentiss, a senior company official, for about $450 million. JMB Realty Corp. of Chicago, which earlier this month agreed to buy all of Cadillac, agreed to the transaction, and now will buy what remains of Cadillac after the Prentiss sale, the Wall Street Journal reported.