April 17, 1993 |
Koll Co. said on Friday that Wells Fargo Bank has refused to refinance the loan on a 12-story office tower at Koll Center Irvine North and will probably foreclose on the building. The developer and the Resolution Trust Corp. had asked the bank to extend the $51-million construction loan beyond its June, 1992, maturity date.
April 8, 1987
The Koll Co., which has been among the most successful developers in Orange County at filling the buildings it develops, said it has signed leases totaling $30 million with 35 tenants in its new 11-story building in Koll Center Irvine. Most of the tenants have already moved into the $40-million, 234,500-square-foot building, which was completed early this year. The tenants include a 200-seat steak house and two life insurance companies: Penn Insurance Co.
September 7, 1986
Three winners have been announced for the annual "Office Building of the Year" contest sponsored by the Orange County chapter of the Building Owners & Managers Assn. South Coast Plaza Town Center Office Towers took the award for the over-500,000-square-foot category. Owned jointly by C. J. Segerstrom & Sons and Prudential Life Insurance Co., the adjacent Central Bank Tower and Great Western Savings Tower were designed by Albert C. Martin & Associates.
CALIFORNIA | LOCAL
December 23, 1989
A memorial Mass will be held at 11 a.m. Thursday at Our Lady Queen of Angels Catholic Church in Newport Beach for Michael L. Lewis, a Koll Co. executive who died Tuesday at his Laguna Beach home after an illness. He was 39. Lewis was a senior vice president of development for the Newport Beach division of the Koll Co. responsible for operations in Orange, Riverside and San Bernardino counties.
September 22, 1985
Talk is cheap when it comes to planning a city within a city, but the price is high when it comes to actually doing it, as the Newport Beach-based Koll Co. is finding out in Irvine near the John Wayne Airport. That is where the firm, a major West Coast-headquartered commercial and industrial property owner-manager and general contractor, has been building a mixed-use complex known as the Koll Center Irvine, and its price tag, when completed, is now estimated at a nice, round $1 billion.
May 18, 1989 |
In a real estate developer's dream tract, the largest plot of land belongs to the U.S. Marines. Near the northeastern corner of an area defined by the Santa Ana, San Diego and Costa Mesa freeways and Culver Drive in Irvine, the U.S. Marine Corps Helicopter Air Station in Tustin occupies 1,558 acres of prime commercial/industrial acreage. It borders the rich concentration of private industries in Irvine Business Complex, which boasts 47 Fortune 500 companies and nearly 600 corporate headquarters.
January 24, 1987 |
Shuwa Investments Corp., a Japanese real estate company that paid $620 million for Arco Plaza in downtown Los Angeles last September, has purchased a nine-story office building for $40.6 million near Orange County's John Wayne Airport and is negotiating to buy almost $160 million more of the airport area's premier office and high-tech industrial properties.
September 1, 1998 |
Orange County developer Donald Koll is beginning construction on an eight-story concrete and glass office building and parking structure--the first out of the ground in the posh John Wayne Airport area in seven years. That may sound like a familiar refrain. In the last year and a half, buoyed by a rising market, developers have announced plans for more than half a dozen office buildings.
CALIFORNIA | LOCAL
November 19, 2001 |
Newport Beach residents on Tuesday will participate in the first test of the Greenlight Initiative when they vote on Measure G, which would permit the expansion of the Koll Center near John Wayne Airport. The Greenlight Initiative, which voters approved in November 2000, requires a special election for projects that add more than 40,000 square feet of building space, 100 peak-hour car trips or 100 homes above what is allowed by the city's general plan.
CALIFORNIA | LOCAL
November 22, 2001 |
A day after Newport Beach voters soundly rejected a 10-story office tower proposal, business leaders and some urban planners expressed concern that the referendum signals a major shift away from development in the city. "I think this sends a clear message that Newport Beach is not open to further development," said Richard Luehrs, president of the Greater Newport Beach Chamber of Commerce.