September 1, 1998 |
LaSalle Partners Inc. agreed to buy two real estate services businesses from Lend Lease Corp. for as much as $257.5 million to create the largest real estate management services company in the U.S. The two businesses are Compass Management & Leasing, with operations in the U.S., Australia, Brazil and Britain, and Lend Lease's U.S. retail property management business. LaSalle will take an after-tax charge of about $10.6 million through the rest of this year and the first half of next year.
February 21, 1996 |
Koll in Merger Talks: The Newport Beach-based real estate firm, one of the nation's largest property management companies, is discussing a possible merger with Chicago-based LaSalle Partners, another major property management firm, sources said. A merger between privately held Koll Real Estate Group, which manages more than 600 properties nationwide, and LaSalle would create one of the nation's biggest property managers. Neither company would confirm the discussions.
February 21, 1996 |
Koll, the large Newport Beach property manager, is discussing a possible merger with LaSalle Partners, a major property management firm in Chicago, sources said. A merger between LaSalle and Koll, a privately held firm that manages more than 600 properties nationwide, would create one of the nation's biggest such companies. If the merger goes through, the new company would consider becoming public, sources said.
CALIFORNIA | LOCAL
December 9, 1988
The Los Angeles Planning Commission, responding to complaints from several Westside homeowner organizations, voted Thursday to reject a request for a private heliport to serve the "tenants and invitees" of Fox Plaza, the Century City skyscraper where President Reagan will have his office when he leaves the White House. Studio Property Co.
January 15, 1997 |
National property manager Koll, which shelved plans for a public offering last year, said Tuesday it has raised $120 million from other sources to continue its aggressive acquisition strategy and reduce its debt. The Newport Beach-based company, part of the real estate empire headed by developer Donald M. Koll, received a $95-million credit line from a consortium of international banks led by Bankers Trust Co. of New York.
December 15, 1988 |
When President Reagan leaves the White House for Los Angeles next month, he'll have to put up with monstrous traffic jams just like everybody else--even as he shuttles between his $2.5-million Bel-Air estate, his plush Century City office and the new Presidential library in Simi Valley.