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Jones Lang Wootton

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BUSINESS
July 24, 1992 | Susan Christian, Times staff writer
It will be one of the largest commercial real estate auctions to date. On Aug. 13, half a billion dollars worth of properties across the United States, including two in Orange County, will go on the block. But there's a twist. None of the 68 office buildings and apartment complexes are the property of thrifts taken over by the Resolution Trust Fund. Huge public auctions have become a common tactic by the government for unloading the real estate it has inherited from failed savings and loans.
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BUSINESS
August 10, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
In an important test of buyer interest in the troubled U.S. commercial real estate market, a group of institutional property owners this week will attempt to auction off apartments, hotels, office towers, retail centers and industrial buildings worth $500 million. The event, scheduled for Thursday at the Century Plaza Hotel in West Los Angeles, will be one of the largest auctions ever of commercial property not held by the government.
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BUSINESS
August 10, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
In an important test of buyer interest in the troubled U.S. commercial real estate market, a group of institutional property owners this week will attempt to auction off apartments, hotels, office towers, retail centers and industrial buildings worth $500 million. The event, scheduled for Thursday at the Century Plaza Hotel in West Los Angeles, will be one of the largest auctions ever of commercial property not held by the government.
BUSINESS
July 24, 1992 | Susan Christian, Times staff writer
It will be one of the largest commercial real estate auctions to date. On Aug. 13, half a billion dollars worth of properties across the United States, including two in Orange County, will go on the block. But there's a twist. None of the 68 office buildings and apartment complexes are the property of thrifts taken over by the Resolution Trust Fund. Huge public auctions have become a common tactic by the government for unloading the real estate it has inherited from failed savings and loans.
BUSINESS
July 25, 1994 | From Times Staff and Wire Reports
Housing Prices Fall in Second Quarter: The government's policies to cool the booming real estate market helped bring down housing prices by as much as 12% in the quarter, said real estate consultant Jones Lang Wootton. Residential housing prices fell between 8% and 12%, while luxury housing prices dropped 3.2%, the firm said.
BUSINESS
March 16, 1987
British investor Sir James Goldsmith has put Crown Zellerbach's San Francisco headquarters up for sale for $100 million just a month after completing its purchase. He is employing Jones Lang Wootton, an international real estate consulting firm, to market the property, the firm said. The downtown complex includes the 18-story Crown Zellerbach tower, a 300,000-square-foot office building, a business kiosk and a 225-car parking garage.
REAL ESTATE
August 10, 1986
A major New York law firm plans to open its first Los Angeles office in the fall at Citicorp Center in Citicorp Plaza. The firm--Fried, Frank, Harris, Shriver & Jacobson--has a staff of 300 attorneys, who handle securities, tax, litigation, government contracts, real estate, technology, transfers and energy law. It is the third major New York law firm to move into Citicorp Center, joining Shearman & Sterling and Mendes & Mount.
BUSINESS
July 2, 1999 | Jesus Sanchez
Kennedy-Wilson Inc., a real estate services company based in Los Angeles, said it acquired Jones Lang Wootton California Inc., which manages about 7 million square feet of office and industrial properties in the state. The purchase price was not disclosed. The regional property manager firm is a subsidiary of the international real estate investment and services firm Jones Lang LaSalle Inc.
REAL ESTATE
September 13, 1987
One Bush Street, a 20-story, 340,000-square-foot San Francisco "plaza skyscraper" that is the current headquarters of Crown Zellerbach, has been sold for $60 million in cash to two pooled investment accounts managed by Equitable Real Estate Investment Management Inc. The seller was an affiliate of industrialist Sir James Goldsmith; the transaction was arranged by the San Francisco office of London-based Jones Lang Wootton.
REAL ESTATE
February 16, 1986
Barbara Harris, vice president and chief operating officer for Murdock Management, has been elected to a second year as president of the Building Owners & Managers Assn. of Greater Los Angeles. Other officers include George (Chip) Julin III, partner of Morlin Management Corp., first vice president; Richard Welles, vice president of asset management for Halferty Management Co., and Dale Marlene Clark, vice president and section head of property management for Lloyds Bank, treasurer.
REAL ESTATE
October 30, 1988
Four Los Angeles area office buildings captured top honors as Buildings of the Year at the annual awards luncheon of BOMA (Building Owners & Managers Assn.) of Greater Los Angeles. They include Citicorp Center and 655 South Hope Street, both in downtown Los Angeles; Westside Towers in West Los Angeles, and 10 Universal City Plaza in Universal City.
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