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BUSINESS
June 26, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Venerable Los Angeles architecture and engineering firm Daniel Mann Johnson & Mendenhall agreed to move its headquarters from the Wilshire district to Arco Plaza downtown. The international company popularly known as DMJM, or "DimJim," will be downtown's biggest new tenant in recent memory--giving the vacancy-plagued high-rise district a shot in the arm. The move had been anticipated for several months. DMJM's 500 workers as well as officials of its parent company, Aecom Technology Corp.
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BUSINESS
July 18, 2010 | By Roger Vincent, Los Angeles Times
The chief executives at Atlantic Richfield Co., the oil company once based in Los Angeles, ran their international empire from some of the most regal corporate offices ever created in Southern California. With Arco's 20-foot ceilings, dark wood paneling and private rooftop helipad, "this was corporate America as people thought of it," said Kent Handleman of Thomas Properties Group Inc., the building's landlord. That was then. Nowadays, the landlord can't find a renter for the space's 1970s-era sumptuousness.
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CALIFORNIA | LOCAL
May 29, 1998 | LARRY GORDON, TIMES STAFF WRITER
The dream of turning empty or underused office buildings around downtown Los Angeles into residential lofts moved a bit closer to reality Thursday when the city Planning Commission approved rules that would make such conversions much easier. Planners hope that the new codes will encourage so-called live-work projects that will attract video techies, graphic artists and adventurous attorneys the way similar efforts have succeeded in Denver, New York and San Francisco.
BUSINESS
July 5, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
It was only a year ago that the owners of many empty and run-down downtown buildings across the country were leasing and selling space at top dollar to rapidly expanding telecommunication firms. But the hard times that have hit telecommunication businesses have caught many landlords with too much supply and little if any demand.
CALIFORNIA | LOCAL
July 8, 1995 | ERIC SLATER
Three BASE jumpers, as they call themselves, were charged Friday with trespassing following a May 31 event in which they allegedly leaped from the roof of the 36-story Texaco building in Universal City and parachuted to the ground, a deputy city attorney said. Michael Taylor Muscat, 43, of Van Nuys; Susan Hunt Runyon, 31, of Santa Monica, and John Marx Eagle, 26, of Hemet, each face a maximum penalty of one year in jail and a $1,000 fine, said Deputy City Atty. Richard Schmidt.
NEWS
July 3, 2001 | From Times Wire Reports
A shrinking water supply and low commodity prices are forcing growers in the arid western San Joaquin Valley to lay off workers. Officials in the Westlands Water District estimate that as many as 100,000 acres will lie fallow this year and that, as a result, 800 workers have been laid off or are working fewer hours.
NEWS
November 2, 1999 | JESUS SANCHEZ, TIMES STAFF WRITER
Just when it seemed as if you couldn't give away office space in downtown Los Angeles, the telecommunications industry arrived on the scene, paying top dollar for vast amounts of floor space in formerly empty office buildings. But not everyone is thrilled with the new neighbors, including Mayor Richard Riordan, who is alarmed by the most recent plan to fill the historic Terminal Annex postal facility with switching equipment.
BUSINESS
September 17, 1991 | From Times Staff and Wire Reports
Transamerica Leases Space to State Bar: The State Bar of California has signed a 20-year agreement to lease 150,000 square feet in the Transamerica Center building in downtown Los Angeles. Valued at more than $62 million, the lease is said to be the second-largest in downtown Los Angeles--behind AT&T, which in March signed a lease for 183,000 feet at 611 W. 6th St. About 350 state bar employees will move into the Transamerica building from their current location near 6th and Beaudry streets.
BUSINESS
August 23, 1996 | JESUS SANCHEZ, TIMES STAFF WRITER
In a boost for the struggling downtown Los Angeles office market, fast-growing Aames Financial Corp. said Thursday that it will move its headquarters into a gleaming Bunker Hill skyscraper, one of the largest corporate relocations into the area in recent years. The 15-year lease for seven floors of space at Two California Plaza will bring an estimated 700 workers to downtown Los Angeles, which has lost numerous corporate headquarters over the years as a result of mergers and cutbacks.
NEWS
July 3, 2001 | From Times Wire Reports
A shrinking water supply and low commodity prices are forcing growers in the arid western San Joaquin Valley to lay off workers. Officials in the Westlands Water District estimate that as many as 100,000 acres will lie fallow this year and that, as a result, 800 workers have been laid off or are working fewer hours.
BUSINESS
July 3, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Entertainment mogul David Geffen and health-care executive Dr. Bernard Salick have started construction on a luxurious $60-million office building in Beverly Hills called the Maple. Although demand for Westside office space has cooled considerably in recent months, some real estate professionals predict the market will be stronger late next year when Geffen and Salick complete their four-story, 165,000-square-foot project at 407 N. Maple Drive.
BUSINESS
June 26, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Venerable Los Angeles architecture and engineering firm Daniel Mann Johnson & Mendenhall agreed to move its headquarters from the Wilshire district to Arco Plaza downtown. The international company popularly known as DMJM, or "DimJim," will be downtown's biggest new tenant in recent memory--giving the vacancy-plagued high-rise district a shot in the arm. The move had been anticipated for several months. DMJM's 500 workers as well as officials of its parent company, Aecom Technology Corp.
BUSINESS
March 11, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
Through one of the biggest office lease transactions in Los Angeles history, Fox Entertainment Group Inc. will stay put at the landmark Fox Plaza in Century City--at least for 15 more years. Media tycoon Rupert Murdoch's Fox team is consolidating various lease arrangements in the building totaling more than 315,000 square feet through a transaction said to be valued at more than $250 million--pretty close to what billionaire investor Marvin Davis paid for the building 28 months ago.
NEWS
November 2, 1999 | JESUS SANCHEZ, TIMES STAFF WRITER
Just when it seemed as if you couldn't give away office space in downtown Los Angeles, the telecommunications industry arrived on the scene, paying top dollar for vast amounts of floor space in formerly empty office buildings. But not everyone is thrilled with the new neighbors, including Mayor Richard Riordan, who is alarmed by the most recent plan to fill the historic Terminal Annex postal facility with switching equipment.
BUSINESS
October 30, 1999 | Brad Berton
A Sunset Boulevard office building housing such tenants as Motown, ACNielsen EDI and the corporate offices of the House of Blues has been sold for $42 million. A fund managed by Wall Street investment banker Goldman Sachs & Co. acquired the 22-story Sunset Media Tower at 6255 Sunset Blvd., near Vine Street, from an affiliate of Kennedy-Wilson Inc. Beverly Hills-based Kennedy-Wilson bought the building last year for $31 million. The 300,000-square-foot building is 90% leased. Trammell Crow Co.
CALIFORNIA | LOCAL
April 19, 1991 | CAROL McGRAW, TIMES STAFF WRITER
A Los Angeles Superior Court jury returned a $2-million verdict Thursday against one of the largest janitorial services in the Southland which planted an executive inside a competitor's firm to disrupt operations and woo clients. The jury determined that Premier Building Maintenance and its owners, Eric Johnson and Vince Sutton, engaged in unfair competition and misappropriated the trade secrets of Advance Building Maintenance and its owners, George Vallen and Forrest Nolin.
BUSINESS
October 30, 1999 | Brad Berton
A Sunset Boulevard office building housing such tenants as Motown, ACNielsen EDI and the corporate offices of the House of Blues has been sold for $42 million. A fund managed by Wall Street investment banker Goldman Sachs & Co. acquired the 22-story Sunset Media Tower at 6255 Sunset Blvd., near Vine Street, from an affiliate of Kennedy-Wilson Inc. Beverly Hills-based Kennedy-Wilson bought the building last year for $31 million. The 300,000-square-foot building is 90% leased. Trammell Crow Co.
BUSINESS
September 14, 1999 | BRAD BERTON, SPECIAL TO THE TIMES
Growing technology and entertainment companies are in the vanguard of wealthy tenants who are filling up top-flight Westside offices, pushing less affluent renters into secondary locations such as the Los Angeles International Airport area. The top of the pyramid has turned out to be Westwood, where several new tenants have signed substantial leases and more are apparently on the way.
CALIFORNIA | LOCAL
July 20, 1999
West Hills investment group R&R Enterprises has purchased a fully-occupied 30,000-square-foot office building at 7301 Topanga Canyon Blvd., Canoga Park, for $2 million. Charles Dunn Co., who represented both buyers and Intercoastal Properties, the seller, says R&R plans an immediate upgrade for the building.
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