NEWS
May 10, 2012
FOOTBALL URBAN LEGEND : A professional football team once leased a quarterback to another team. Strange trades have long been a part of professional sports history. Heck, just recently in Sports Legends Revealed I've featured a quarterback that the New York Giants acquired an entire franchise just to add to their team and a trade by the San Diego Padres where they dealt a player for a pair of treadmills . However, I don't believe I have ever encountered a trade like the one the Houston Oilers and the Denver Broncos made in 1964 where the Broncos traded a player to lease a quarterback from the Oilers!
CALIFORNIA | LOCAL
May 7, 2012 | Howard Blume
A court ruling has invalidated the lease of a high-performing charter school in Glassell Park, threatening it with closure when the school year ends in June. The Alliance Environmental Science and Technology School, whose students have some of the highest test scores in the Los Angeles Unified School District, will lose its campus under a ruling last week by Los Angeles County Superior Court Judge Ann I. Jones. Her ruling came in a lawsuit against the Los Angeles Community College District filed by a coalition of community groups over the college district's compliance with environmental laws.
BUSINESS
April 25, 2012 | By Roger Vincent, Los Angeles Times
CBRE Group Inc., the world's largest commercial real estate brokerage, turned a profit in the first quarter as U.S. property sales took off. The Los Angeles firm said Tuesday that income from arranging transactions to buy or rent space in offices, warehouses and other commercial properties helped revenue increase 14% from a year earlier to $1.35 billion. Growth was driven primarily by activity in the United States as leasing transactions fell off in Europe and sales slid in Asian markets.
BUSINESS
April 25, 2012 | By W.J. Hennigan, Los Angeles Times
Troubled insurance giant American International Group Inc. filed a lawsuit against the former head of its aircraft leasing business, Steven Udvar-Hazy, contending the Los Angeles billionaire stole company secrets, wooed away customers and pilfered business deals after he started a competing firm in 2010. The New York insurance company and its Century City unit, International Lease Finance Corp., or ILFC, filed suit Tuesday in Los Angeles County Superior Court. The 33-page complaint listed the defendants as Udvar-Hazy, his current company, Air Lease Corp., and 30 employees who left ILFC to work with him. AIG asserted in the lawsuit that the defendants collectively connected 16 flash drives to ILFC computers and downloaded nearly 13,000 ILFC files, which included price data concerning the value of aircraft fleets, past contracts, letters of intent and statements of work.
BUSINESS
April 22, 2012 | By Roger Vincent
Information technology firm Hewlett-PackardCo.renewed its lease of an entire building in El Segundo, real estate brokers said. The 47,576-square-foot building at 621 Hawaii St. is the regional office of Palo Alto computer maker Hewlett-Packard, according to brokerage Jones Lang LaSalle. The landlord is Asset Management Consultants Inc. of Mission Hills. Terms of the deal were not disclosed, but experts familiar with the South Bay real estate market valued it at about $6 million.
CALIFORNIA | LOCAL
April 18, 2012 | By Rong-Gong Lin II and Paul Pringle, Los Angeles Times
After months of secret negotiations that drew fire from open-government advocates, the Los Angeles Memorial Coliseum Commission unveiled a proposed lease Tuesday that would surrender public control of the historic stadium to USC. The move comes as the taxpayer-owned venue's finances continue to deteriorate. In the 12 months ending in February, the Coliseum Commission has lost about $1.4 million, according to its financial statements. The losses came despite new business the stadium and the companion Sports Arena attracted, such as temporarily hosting UCLA basketball.