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September 23, 1992 | From Times Staff and Wire Reports
New Laaco Unit to Provide Management Services: Laaco Ltd. has announced the formation of Club & Resort Management, a new unit that will provide management services to country clubs, yacht clubs, city clubs, athletic clubs, golf courses and resorts. Laaco was formed at the turn of the century to acquire and operate the Los Angeles Athletic Club. Laaco now owns and operates the Athletic Club, along with the California Yacht Club and a number of real estate holdings.
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CALIFORNIA | LOCAL
March 15, 2001 | ANNETTE KONDO, TIMES STAFF WRITER
A conservation group will buy 1,659 acres in the Santa Monica Mountains for parkland, clearing the way for the largest coastal acquisition there in two decades. Atop the mountainous parcel, spectacular ocean views are visible, and rare species such as the horned lizard and the Santa Monica Mountains dudleya, a plant, can be found. It is also habitat for threatened species such as the California gnatcatcher and Braunton's milk vetch.
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CALIFORNIA | LOCAL
August 22, 1990
A potential transaction in which the investment group that owns the Los Angeles Athletic Club had agreed to sell 1,600 acres of rugged mountain land in Malibu for use as a public park has collapsed. "It is disappointing, but the financing simply wasn't there," said Ruth Kilday, executive director of the Mountains Conservancy Foundation, which had agreed to pay Laaco Ltd., the investment group, $25 million for the property.
BUSINESS
September 23, 1992 | From Times Staff and Wire Reports
New Laaco Unit to Provide Management Services: Laaco Ltd. has announced the formation of Club & Resort Management, a new unit that will provide management services to country clubs, yacht clubs, city clubs, athletic clubs, golf courses and resorts. Laaco was formed at the turn of the century to acquire and operate the Los Angeles Athletic Club. Laaco now owns and operates the Athletic Club, along with the California Yacht Club and a number of real estate holdings.
BUSINESS
September 9, 1989 | TOM FURLONG, Times Staff Writer
Laaco Ltd., the investment group that sparked a furor last year when it agreed to sell the Riviera Country Club & Tennis Club to foreign buyers, announced Friday that it may sell about 1,600 acres that it owns overlooking the Pacific Ocean at Topanga Canyon Boulevard. Laaco said in a statement that it is "exploring" a possible sale or joint-venture development of the land with "various potential buyers or partners."
CALIFORNIA | LOCAL
May 9, 1990 | RON RUSSELL, TIMES STAFF WRITER
An investment group that owns the Los Angeles Athletic Club has agreed to sell 1,900 acres of rugged mountain land in Malibu to the Mountains Conservancy Foundation for $25 million. The land is to be used as a public park. Spokesmen for the two parties said the deal is contingent on the foundation obtaining funds from either state or federal sources before Jan. 31, 1991, which is the date the sale will close.
CALIFORNIA | LOCAL
March 15, 2001 | ANNETTE KONDO, TIMES STAFF WRITER
A conservation group will buy 1,659 acres in the Santa Monica Mountains for parkland, clearing the way for the largest coastal acquisition there in two decades. Atop the mountainous parcel, spectacular ocean views are visible, and rare species such as the horned lizard and the Santa Monica Mountains dudleya, a plant, can be found. It is also habitat for threatened species such as the California gnatcatcher and Braunton's milk vetch.
BUSINESS
August 12, 1988 | NANCY YOSHIHARA, Times Staff Writer
Perhaps hoping to defuse criticism, the still-secret Japanese buyer of the landmark Riviera Country Club has scaled back its purchase plans and now intends to initially buy only a 49% interest in the Los Angeles golf and tennis resort. Laaco Ltd., the partnership that currently owns the club, said Thursday that the Japanese buyer has agreed to pay $52.9 million to acquire the minority stake. Laaco will retain the 51% majority interest.
NEWS
May 4, 1988 | TOM FURLONG, Times Staff Writer
Investors from Japan have agreed to buy the Riviera Country Club, a landmark Los Angeles resort that opened during Hollywood's golden era, for $108 million, it was disclosed Tuesday. Laaco Ltd., the partnership that owns the venerable golf and tennis club, announced that it will sell the club to an unidentified Japanese real estate company. The buyer will not be identified until the deal is closed, Laaco said.
BUSINESS
September 10, 1988 | NANCY YOSHIHARA, Times Staff Writer
After months of secrecy, Marukin Shoji Ltd., a Japanese real estate company, emerged Friday as the mysterious investor in the Riviera Country Club, the landmark 168-acre golf and tennis resort in Pacific Palisades. Noboru Watanabe, chairman of Marukin USA, signed a formal agreement to pay, as previously disclosed, $52.9 million for a 49% interest in Riviera Associates, a new partnership formed with Laaco Ltd., the club's current owner. Laaco will retain the majority stake in the new partnership.
CALIFORNIA | LOCAL
August 22, 1990
A potential transaction in which the investment group that owns the Los Angeles Athletic Club had agreed to sell 1,600 acres of rugged mountain land in Malibu for use as a public park has collapsed. "It is disappointing, but the financing simply wasn't there," said Ruth Kilday, executive director of the Mountains Conservancy Foundation, which had agreed to pay Laaco Ltd., the investment group, $25 million for the property.
CALIFORNIA | LOCAL
May 9, 1990 | RON RUSSELL, TIMES STAFF WRITER
An investment group that owns the Los Angeles Athletic Club has agreed to sell 1,900 acres of rugged mountain land in Malibu to the Mountains Conservancy Foundation for $25 million. The land is to be used as a public park. Spokesmen for the two parties said the deal is contingent on the foundation obtaining funds from either state or federal sources before Jan. 31, 1991, which is the date the sale will close.
BUSINESS
September 9, 1989 | TOM FURLONG, Times Staff Writer
Laaco Ltd., the investment group that sparked a furor last year when it agreed to sell the Riviera Country Club & Tennis Club to foreign buyers, announced Friday that it may sell about 1,600 acres that it owns overlooking the Pacific Ocean at Topanga Canyon Boulevard. Laaco said in a statement that it is "exploring" a possible sale or joint-venture development of the land with "various potential buyers or partners."
BUSINESS
September 10, 1988 | NANCY YOSHIHARA, Times Staff Writer
After months of secrecy, Marukin Shoji Ltd., a Japanese real estate company, emerged Friday as the mysterious investor in the Riviera Country Club, the landmark 168-acre golf and tennis resort in Pacific Palisades. Noboru Watanabe, chairman of Marukin USA, signed a formal agreement to pay, as previously disclosed, $52.9 million for a 49% interest in Riviera Associates, a new partnership formed with Laaco Ltd., the club's current owner. Laaco will retain the majority stake in the new partnership.
BUSINESS
August 12, 1988 | NANCY YOSHIHARA, Times Staff Writer
Perhaps hoping to defuse criticism, the still-secret Japanese buyer of the landmark Riviera Country Club has scaled back its purchase plans and now intends to initially buy only a 49% interest in the Los Angeles golf and tennis resort. Laaco Ltd., the partnership that currently owns the club, said Thursday that the Japanese buyer has agreed to pay $52.9 million to acquire the minority stake. Laaco will retain the 51% majority interest.
NEWS
May 4, 1988 | TOM FURLONG, Times Staff Writer
Investors from Japan have agreed to buy the Riviera Country Club, a landmark Los Angeles resort that opened during Hollywood's golden era, for $108 million, it was disclosed Tuesday. Laaco Ltd., the partnership that owns the venerable golf and tennis club, announced that it will sell the club to an unidentified Japanese real estate company. The buyer will not be identified until the deal is closed, Laaco said.
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