July 7, 1998
The following REITs are based in Southern California. The chart shows their closing prices as of July 2, their low and high share prices during the last year and their yield per share. *--* Ticker July 2 So. Cal. REITs symbol Exchange close Low Alexander Haagen Properties* ACH AMEX $14.88 $13.75 Alexandria Real Estate Equities ARE NYSE 29.75 22.25 American Residential Investment Trust INV NYSE 9.63 8.94 Angeles Mortgage Investment Trust ANM AMEX 18.25 14.88 Apex Mortgage AXM NYSE 10.88 10.19 15.
CALIFORNIA | LOCAL
November 25, 1997 |
The Calabasas City Council approved the construction of a 140-room hotel as part of the Calabasas Park Centre development, after Homestead Village made several design modifications to appease a critical public. The council voted unanimously last week to approve Homestead's site plan, which calls for a 63,441-square-foot hotel to be built on 4.42 acres at the southeast corner of Parkway Calabasas and Park Sorrento, said city Planning Director Steven Harris.
March 14, 2000
A look at recent commercial leasing and sales activity in Orange County. LEASES * Cox Communications Address: 9451 Toledo, Irvine Spectrum Space: 27,200 sf Term: 5 years Value: $2.3 million Landlord: Kilroy Realty Corp. Lessee broker: Cushman Realty Corp. Landlord broker: Cushman & Wakefield, South Orange County office SALES * Industrial building Address: 19652 Descartes, Foothill Ranch Size: 19,268 sf Price: $1.6 million Buyer: Performance Equipment Co. Seller: Foothill Ranch Co.
May 4, 1999 |
VPA Inc. plans to expand and relocate its headquarters operation to a building to be erected next to its current Calabasas headquarters. After considering alternative sites from the Warner Center to Agoura, VPA opted to stay near its leased Calabasas Road offices in a building to be developed by Kilroy Realty Corp., said broker Bryan Lewitt of Staubach Los Angeles, VPA's real estate consultant.
February 5, 2002 |
Commercial real estate developer Kilroy Realty Corp. has seen most of its new buildings fill with tenants even as the region's economy has declined over the last year or so. Nearly all of the company's new office buildings--and even some still under construction--are fully leased. But the company has struggled to find tenants for the two newest buildings at its Westside Media Center project ever since would-be "anchor" tenant EToys closed its doors.
December 24, 1997 |
It's no wonder commercial real estate investment broker Bob Safai was comfortable setting up his new Madison Partners "boutique" brokerage at the 3130 Wilshire Blvd. building in Santa Monica. After all, Safai has sold the six-story building three times in the last 14 months by capitalizing on heavy interest in the Westside market, driven by real estate investment trusts and institutional investors.
February 19, 2014 |
One of Los Angeles' longtime developers is betting big on the revival of Hollywood as he launches work on a $138-million speculative office development near Santa Monica Boulevard. After dusting off plans for an office complex first conceived before the 2008 recession brought development to a halt, Jerry Snyder has begun construction of his 959 Seward project, even though he has no tenants lined up. Snyder, who has been in the real estate business since 1949, thinks demand is strong enough among businesses in creative fields such as entertainment to justify the risk of building a campus-style complex catering primarily to them in a part of Hollywood known as the Media District.
October 7, 2012 |
The long-planned Columbia Square mixed-use development planned around the historic former CBS headquarters in Hollywood will be revived by new owner Kilroy Realty Corp. Kilroy, a Los Angeles real estate investment trust, bought Columbia Square at 6121 Sunset Blvd. for $65 million from iStar Financial. Previous owners planned an $850-million project with offices, condominiums and a hotel, but the project stalled in the recent economic downturn. Kilroy plans a scaled-down development valued at about $235 million, Executive Vice President David Simon said.