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CALIFORNIA | LOCAL
September 4, 1985
Acting in the absence of public protest, the Los Angeles City Council Tuesday approved construction of an office development of up to eight three-story buildings next to the Sepulveda Basin. The 12-0 vote sent the zoning change needed for the project, from agricultural to commercial, to Mayor Tom Bradley for approval. Councilwoman Joy Picus had earlier withdrew her opposition to the project, situated in her district, after developer George Moss scaled back his original proposal.
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BUSINESS
April 2, 2014 | By Roger Vincent
From some classic Adirondack chairs in front of his colorful new office complex near Marina del Rey, commercial landlord Ned Fox can sit back and watch his property value go up. The developer who made his bones building skyscrapers in downtown Los Angeles during the late 1980s and early 1990s today finds himself with a close-up view of the rapidly evolving planned community of Playa Vista and the young tech and entertainment workers transforming the...
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REAL ESTATE
November 10, 1985
Permanent financing in excess of $15 million has been obtained from Aetna Casualty & Surety Co. for the Park Mile Center office development, a project of Scientific Computer Center of Los Angeles, at 4751 Wilshire Blvd. Loan placement was negotiated by the Los Angeles office of Coldwell Banker Real Estate Finance Services. Aetna has also contributed $8 million to the financing of Baldwin Commerce Center, a project of Baldwin Industrial Properties Ltd.
BUSINESS
February 19, 2014 | By Roger Vincent
One of Los Angeles' longtime developers is betting big on the revival of Hollywood as he launches work on a $138-million speculative office development near Santa Monica Boulevard. After dusting off plans for an office complex first conceived before the 2008 recession brought development to a halt, Jerry Snyder has begun construction of his 959 Seward project, even though he has no tenants lined up. Snyder, who has been in the real estate business since 1949, thinks demand is strong enough among businesses in creative fields such as entertainment to justify the risk of building a campus-style complex catering primarily to them in a part of Hollywood known as the Media District.
CALIFORNIA | LOCAL
December 26, 1985 | ROXANA KOPETMAN, Times Staff Writer
Baseball and football fans know that Anaheim Stadium is a great place to view professional sports, munch a hot dog, root for the home team--and then go home. City officials want to change that picture and make the Anaheim Stadium surroundings a place for work as well as play.
BUSINESS
March 14, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
Construction should finally begin this summer on an oft-delayed Burbank Media District office development. The Ventura Freeway-front property near the NBC, Warner Bros. and Disney studios has traded hands for the fourth time in barely eight years. The 4.4-acre triangular site bounded by the freeway, California Street and Olive Avenue is now in the hands of Burbank's biggest privately owned office landlord, Santa Monica-based M. David Paul Development.
REAL ESTATE
October 20, 1985
The $35-million, 156,120-square-foot Phase 1 of Regents Square, an office development of Lankford & Associates Inc., La Jolla, has opened in La Jolla, and work has started on Phase 22, a $30-million project with 130,000 square feet of rentable space.
BUSINESS
March 25, 1997 | JILL LEOVY, SPECIAL TO THE TIMES
A new partnership has taken over the troubled Palladian World Center project in Glendale and will break ground this summer on a 24-story tower. The project is seen as a first for the region's stalled office real estate market because it will be the only large, new office tower under construction in Los Angeles since the recession. "We are six to nine months ahead of any other project," said Pete Hillman, a member of PacTen Partnership, which closed escrow on the site this month.
CALIFORNIA | LOCAL
December 1, 1998
PacTen Partners, a Glendale-based developer, broke ground last week on the 180,000-square-foot phase one of its Valencia Corporate Pointe, a 700,000-square-foot, campus-style office development in Valencia. The $95-million project, for which PacTen is seeking tenants, is on the grounds of the Newhall Land & Farming Co.'s Gateway Commerce Center. The first phase, which includes three two-story buildings and has an estimated cost of $20 million, is scheduled for completion next summer.
BUSINESS
June 21, 2012 | By Roger Vincent, Los Angeles Times
An Australian real estate giant is joining forces with Irvine-based Birtcher Development & Investments as part of a $1.5-billion expansion into North America. Goodman Group, Australia's biggest industrial real estate investment trust, said Wednesday that with Birtcher it will develop more than $700 million worth of industrial properties at four locations in the United States. Two of the sites are in the Inland Empire, another is in Oakland and the fourth is near Philadelphia.
BUSINESS
January 3, 2003 | From Bloomberg News
Equity Office Properties Trust, the largest owner of office buildings in the U.S., said Thursday that it ended a venture to build offices in the San Francisco area because of the region's high vacancy rate. Equity Office, whose chairman is billionaire Sam Zell, invested $253 million to construct four office projects with developer William Wilson, including buildings for Sun Microsystems Inc. and Siebel Systems Inc.
BUSINESS
June 4, 2002 | JESUS SANCHEZ, Times Staff Writer
The gleaming glass-and-steel buildings nearing completion at Jefferson and Lincoln boulevards are signs that the long-delayed Playa Vista project near Marina del Rey is finally beginning to take shape. But with no tenants on board, the Water's Edge project also is a sign of the weak and competitive office leasing market on the Westside of Los Angeles.
BUSINESS
January 2, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Across the country, the near-frantic demand is cooling for business space of all sorts: shops, offices, warehouses and the various new-wave facilities housing all those "new-economy" companies. Although California by most accounts will remain one of the nation's strongest commercial real estate marketplaces, Southland landlords are likely to feel the decline in demand to some degree in 2001.
CALIFORNIA | LOCAL
August 14, 2000 | Marie Padilla,(949) 574-4204
The Planning Commission took the first step Thursday to create "visual preferences" for office and industrial development in the city by participating in a workshop organized by staff. The workshop focused on building materials and colors, entry design and how to hide outside mechanical equipment. Over the last four years, the commission has reviewed more than 50 buildings that have evolved from warehouses to high-tech offices.
BUSINESS
March 14, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
Construction should finally begin this summer on an oft-delayed Burbank Media District office development. The Ventura Freeway-front property near the NBC, Warner Bros. and Disney studios has traded hands for the fourth time in barely eight years. The 4.4-acre triangular site bounded by the freeway, California Street and Olive Avenue is now in the hands of Burbank's biggest privately owned office landlord, Santa Monica-based M. David Paul Development.
CALIFORNIA | LOCAL
August 14, 2000 | Marie Padilla,(949) 574-4204
The Planning Commission took the first step Thursday to create "visual preferences" for office and industrial development in the city by participating in a workshop organized by staff. The workshop focused on building materials and colors, entry design and how to hide outside mechanical equipment. Over the last four years, the commission has reviewed more than 50 buildings that have evolved from warehouses to high-tech offices.
NEWS
August 9, 1987
The Santa Monica Planning Commission will hold a public hearing Monday on the third phase of Colorado Place, a huge retail and office development proposed for Colorado Avenue. Residents say they fear that the development would cause traffic gridlock on nearby streets. More than 100 people have signed a petition asking the council to delay approval of large developments until a citywide traffic study is completed next year.
BUSINESS
January 11, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
For the most part, the L.A. area's commercial real estate community partied last year like it was, well, 1999. And this year? There's reason to expect plenty of activity. Who among the region's property professionals will make the most headlines? No one can know for certain, of course, but The Times offers here a small sampling of the pros likely to participate in noteworthy trends and transactions in the months ahead.
CALIFORNIA | LOCAL
December 1, 1998
PacTen Partners, a Glendale-based developer, broke ground last week on the 180,000-square-foot phase one of its Valencia Corporate Pointe, a 700,000-square-foot, campus-style office development in Valencia. The $95-million project, for which PacTen is seeking tenants, is on the grounds of the Newhall Land & Farming Co.'s Gateway Commerce Center. The first phase, which includes three two-story buildings and has an estimated cost of $20 million, is scheduled for completion next summer.
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