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Jon Douglas Co

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BUSINESS
June 10, 1995 | JESUS SANCHEZ, TIMES STAFF WRITER
Well-known Los Angeles real estate broker Jon Douglas and Prudential California Realty confirmed Friday that they have held discussions during the past year about a possible merger. Douglas, whose 30-office company is the dominant player on the Westside, said in a statement that "none of the discussions have produced anything of substance." Douglas said he has had discussions with other brokerages as well. "I'm always looking for new opportunities to strengthen Jon Douglas Co.
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BUSINESS
September 12, 1997 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
The parent of Coldwell Banker Residential Brokerage said Thursday that it bought Jon Douglas Co. of Beverly Hills, the nation's third-largest real estate brokerage, for an undisclosed price. Coldwell Banker, already No. 1 nationwide among real estate brokerages, doubles its size in Southern California with the purchase and will obliterate the Jon Douglas name everywhere but in its West Los Angeles stronghold.
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BUSINESS
June 9, 1990 | PATRICE APODACA, TIMES STAFF WRITER
Mike Glickman, the bankrupt San Fernando Valley real estate phenom, said Friday that he is going to work for Beverly Hills-based Jon Douglas Co., one of the Los Angeles area's largest residential brokerage firms. Glickman will be executive director for Douglas Properties in the San Fernando and Conejo Valleys, a division that sells homes priced at more than $1 million.
BUSINESS
September 11, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Prudential Real Estate Affiliates Inc. said Wednesday that it had dissolved its relationship with its largest real estate sales franchisee, Beverly Hills-based Jon Douglas Co., and signed contracts with three other California real estate brokerages. The Prudential/Douglas merger was seen as a way for both brokerage firms to expand their sales networks and cut costs.
REAL ESTATE
August 11, 1985
The Jon Douglas Co. is expanding and refurbishing 10 of its offices at a cost of $2 million. The firm has 26 divisions in 20 locations with 19 sales outlets. Its corporate headquarters is in Beverly Hills.
BUSINESS
November 13, 1990
Jon Douglas Co., a major real estate brokerage, has let about 35 agents go since June and might trim an additional 50 or so agents in the next several months because of sluggish sales, the company's namesake and chief executive said Monday. Besides the 35 agents that were asked to leave, 15 others left on their own accord, Douglas said. All were former agents of Mike Glickman Realty, once the Valley's largest real estate brokerage that sought Bankruptcy Court protection last June.
BUSINESS
November 15, 1990 | TOM FURLONG, TIMES STAFF WRITER
Jon Douglas Co., one of the best-known real estate brokerages in Los Angeles, is preparing to lay off as many as 500 agents, or about 20% of its sales force, the company confirmed Wednesday. The news is the latest evidence of the continuing deterioration in California's residential real estate market, whose decline accelerated after Iraq's Aug. 2 invasion of Kuwait sent consumer confidence plunging.
BUSINESS
April 14, 1992 | From Times Staff and Wire Reports
Jon Douglas to Buy Brokerage: Jon Douglas Co., one of the biggest residential real estate companies in Los Angeles, has agreed to acquire June Scott & Associates Inc. for an undisclosed amount. The acquisition of Scott, a Beverly Hills real estate brokerage firm with about 20 sales agents, will boost the Douglas sales force to about 1,800 agents in 34 sales offices, Douglas said.
BUSINESS
December 18, 1990
Jon Douglas Co. realty, based in Beverly Hills, has moved out of temporary offices in Tarzana and will relocate 45 employees to offices in Sherman Oaks and Encino. Douglas said the company had needed extra office space after it hired former agents of Mike Glickman Realty, which filed for Chapter 7 bankruptcy in June. But the space was no longer needed because the company has let go 350 agents in the Los Angeles area due to the region's sluggish real estate market, he said.
BUSINESS
September 12, 1997 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
The parent of Coldwell Banker Residential Brokerage said Thursday that it bought Jon Douglas Co. of Beverly Hills, the nation's third-largest real estate brokerage, for an undisclosed price. Coldwell Banker, already No. 1 nationwide among real estate brokerages, doubles its size in Southern California with the purchase and will obliterate the Jon Douglas name everywhere but in its West Los Angeles stronghold.
CALIFORNIA | LOCAL
September 24, 1996
The school reform group LEARN launched a partnership with a real estate giant Monday under which agents are to provide information about the group to all prospective home buyers. The Prudential-Jon Douglas Company has agreed to educate its 2,700 sales agents about LEARN and have them distribute brochures that describe how parents can get involved in the reform effort, which has spread to about a third of the Los Angeles Unified School District's 660 campuses.
BUSINESS
September 11, 1995 | VICKI TORRES, TIMES STAFF WRITER
Two of the best-known names in the Southern California real estate industry, the Jon Douglas Co. and Prudential California Realty, announced plans Sunday to merge, creating a firm that will have 4,000 real estate agents and more than 70 offices throughout the state. The new firm, to be called Prudential Jon Douglas Co., combines two rivals that together sold more than $11 billion in properties last year and generated operating revenues of $300 million. The deal is expected to close in 30 days.
BUSINESS
June 10, 1995 | JESUS SANCHEZ, TIMES STAFF WRITER
Well-known Los Angeles real estate broker Jon Douglas and Prudential California Realty confirmed Friday that they have held discussions during the past year about a possible merger. Douglas, whose 30-office company is the dominant player on the Westside, said in a statement that "none of the discussions have produced anything of substance." Douglas said he has had discussions with other brokerages as well. "I'm always looking for new opportunities to strengthen Jon Douglas Co.
CALIFORNIA | LOCAL
January 12, 1994 | JULIE TAMAKI, TIMES STAFF WRITER
Actor Michael J. Fox said Tuesday that he believes a woman who purchased his former Studio City home targeted him for a lawsuit because he is a celebrity. "It kind of came down to what I expected all along--that a celebrity was targeted," Fox said in an interview from his Beverly Hills hotel room following closing arguments in the case Tuesday. Michele Ader filed suit against Fox, his business manager, Robert Philpott, the Jon Douglas Co.
CALIFORNIA | LOCAL
January 5, 1994
Superior Court Judge Florence T. Pickard threw out a lawsuit Tuesday against a real estate company and its agents who sold actor Michael J. Fox's ranch home in Studio City to a woman who described it as a dream house that turned into a nightmare. Michele Ader filed suit against Fox, his business manager, the Jon Douglas Co. and two of its agents over landscaping and repairs to the $750,000 home.
CALIFORNIA | LOCAL
January 5, 1994 | JULIE TAMAKI, TIMES STAFF WRITER
A judge threw out a lawsuit Tuesday against a real estate company and its agents who sold actor Michael J. Fox's Studio City ranch home to a woman who described it as a dream house that turned into a nightmare. Michele Ader filed suit against Fox, his business manager, Robert Philpott, the Jon Douglas Co. and agents Bettina Linke and Marie Gray over landscaping and repairs to a $750,000 home nestled in the mountains between Mulholland Drive and Laurel Canyon Boulevard.
BUSINESS
July 17, 1990 | PATRICE APODACA, TIMES STAFF WRITER
Brentwood-based Fred Sands Realtors was awarded on Monday the leases on four of the five offices previously occupied by the bankrupt Mike Glickman Realty Inc., formerly the San Fernando Valley's largest residential brokerage. Sands' plan to assume the leases on offices in Encino, Sherman Oaks, Agoura and Northridge was accepted by the Federal Bankruptcy Court in Los Angeles, which must approve all transactions involving Glickman creditors.
CALIFORNIA | LOCAL
January 5, 1994
Superior Court Judge Florence T. Pickard threw out a lawsuit Tuesday against a real estate company and its agents who sold actor Michael J. Fox's ranch home in Studio City to a woman who described it as a dream house that turned into a nightmare. Michele Ader filed suit against Fox, his business manager, the Jon Douglas Co. and two of its agents over landscaping and repairs to the $750,000 home.
BUSINESS
April 14, 1992 | From Times Staff and Wire Reports
Jon Douglas to Buy Brokerage: Jon Douglas Co., one of the biggest residential real estate companies in Los Angeles, has agreed to acquire June Scott & Associates Inc. for an undisclosed amount. The acquisition of Scott, a Beverly Hills real estate brokerage firm with about 20 sales agents, will boost the Douglas sales force to about 1,800 agents in 34 sales offices, Douglas said.
BUSINESS
December 18, 1990
Jon Douglas Co. realty, based in Beverly Hills, has moved out of temporary offices in Tarzana and will relocate 45 employees to offices in Sherman Oaks and Encino. Douglas said the company had needed extra office space after it hired former agents of Mike Glickman Realty, which filed for Chapter 7 bankruptcy in June. But the space was no longer needed because the company has let go 350 agents in the Los Angeles area due to the region's sluggish real estate market, he said.
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