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La Solana Corp

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BUSINESS
June 6, 1987
The Irvine-based company, the U.S. arm of Sumitomo Realty and Development Co. of Tokyo, has agreed to pay $500 million for the 41-story building at 666 Fifth Ave. from Integrated Resources, a financial services company, and Cohen Bros. Realty Corp., both based in New York. The purchase price, $365 a square foot, was described as "top dollar" by a Manhattan real estate broker.
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BUSINESS
June 6, 1987 | LESLIE BERKMAN
La Solana Corp., the U.S. arm of Sumitomo Realty & Development Co. of Tokyo, has agreed to purchase a 41-story Manhattan office building for approximately $500 million. Irvine-based La Solana agreed to pay $365 a square foot, described as "top dollar" by a Manhattan real estate broker, to acquire the building at 666 5th Ave. from Integrated Resources Inc., a financial services company, and Cohen Brothers Realty Corp., both based in New York.
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BUSINESS
April 19, 1987 | LESLIE BERKMAN, Times Staff Writer
Orange County will soon join Dallas in the limelight of a television series. The success of the new series, however, will not be measured in Nielsen ratings but in the yen it can attract; the show is targeted for Japanese businessmen. The three-hour, three-part series portraying Orange County's business and investment potential is scheduled to air early this summer in Los Angeles on Channel 18's Japan News Magazine and later on two major networks in Japan.
REAL ESTATE
October 19, 1986
A ground-breaking ceremony has been held for Plaza Continental, a $20-million commercial complex within Chevron Land & Development Co.'s 673-acre Ontario Center. Auer & Associates is developing the project in a joint venture known as L-A Ontario Associates with La Solana Corp., part of the Sumitomo Group. The 15-acre Plaza Continental site is adjacent to Interstate 10.
REAL ESTATE
May 5, 1985
Monte Verde Estates, a Planned Unit Development of 29 ocean-view, single-family homes, opens today in Rancho Palos Verdes with eight houses priced from $570,000 to $796,000. Designed by Corbin/Yamafuji & Partners Inc.
REAL ESTATE
March 27, 1988
Following is an alphabetical listing of the building leaders included in the Times' 17th annual survey, with the ranking of each firm. Asterisk indicates a tie in ranking. Company Name 1987 Rank Ahmanson Developments Inc. 26 Air Development Corp. 116 Alamo Homes Inc. 149 Alexander/Catania Development Inc. 121 Allred (Douglas) Co., The 55 Allwest Development Corp. 147* Alpha Construction Co. Inc. 125* Amir Development Co. 67 A-M Homes 34 Anastasi Construction Co. Inc. 41 Ash Inc. 144 Baldwin Co.
REAL ESTATE
March 24, 1985 | DICK TURPIN, Times Real Estate Editor
Southern California home builders expect the sales momentum of 1984--the best year since 1980--to carry them into another vintage year. They feel their industry, once again, has led the California economy out of another down cycle and are confident that the pace of construction and sales will continue during 1985.
REAL ESTATE
March 19, 1989 | DICK TURPIN
Sales of new homes throughout the Southland in 1988 continued at an unprecedented pace while production expectations for 1989 soared to another high. The 18th annual Times survey of residential construction of a seven-county Southern California area reveals high optimism among home builders, who project a 29.5% increase in sales during the current year. Actual sales in 1988 increased 21.2% over 1987.
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