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BUSINESS
November 2, 2006 | Roger Vincent, Times Staff Writer
The former West Hollywood headquarters of noted architect Charles Luckman was sold Wednesday for a near-record price per square foot in Los Angeles County, accentuating a run-up in local office values over the last few years. Los Angeles-based Mani Bros. Real Estate Group bought two Sunset Boulevard office buildings on the eastern border of Beverly Hills for undisclosed terms, said Chief Executive Simon Mani.
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CALIFORNIA | LOCAL
April 18, 2014 | Times Staff Reports
Police have a man in custody in connection with a threat to start shooting at the Los Angeles Times Building. The man, believed to be in his 20s, is not an employee of The Times but works for Vxi Global Solutions, which rents office space in the building. According to witnesses, the man, who has not been identified, said he had been depressed, didn't mind killing someone and said he didn't want to go to jail. He reportedly handed one person a bag of bullets. Employees throughout the building were placed on lockdown.
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NEWS
August 30, 1990 | MARTHA L. WILLMAN, TIMES STAFF WRITER
The Carnation Co. is in the throes of moving from its landmark headquarters in the mid-Wilshire district of Los Angeles into the largest office building in Glendale, set to open on North Brand Boulevard on Tuesday. The massive undertaking began late Wednesday and will continue through Labor Day, John R. Curd, company spokesman, said.
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...
BUSINESS
February 23, 2009 | Cyndia Zwahlen
Professional matchmaker Julie Ferman, chief executive of Cupid's Coach, used to meet with clients in a hotel lobby or one of a dozen restaurants around town to save them the drive to her home-based office in Westlake Village. It wasn't always the best choice for clients expected to share personal information for their dating profiles, but like many start-up founders she was pinching pennies and testing her concept. Ferman spent the time between appointments trying to work in her parked car.
BUSINESS
March 27, 2014 | By Roger Vincent
In a sign that the definition of prime office space is undergoing a dramatic shift, an old downtown Los Angeles office complex - once considered second rate - is now outperforming many of its newer, glitzier competitors. PacMutual Plaza, which dates to 1908, was one of the best addresses in Southern California until an unprecedented office building boom in the late 1980s and early 1990s brought a stately new crop of skyscrapers to town. For decades to follow, PacMutual - in the same block as the Biltmore hotel in Pershing Square - was a lower-cost alternative to such elite enclaves of corporate America as U.S. Bank Tower, Two California Plaza and the Gas Company Tower.
BUSINESS
October 2, 2013 | By Jessica Guynn
SAN FRANCISCO -- Ahead of its hotly anticipated initial public offering, Twitter is looking to expand its perch in San Francisco. The company is negotiating to lease a 320,000-square-foot office next to its headquarters, unnamed sources told Bloomberg News. The move would more than double Twitter's footprint in San Francisco. A Twitter spokesman declined to comment. With its rooftop garden, gourmet café and airy art deco offices, Twitter has made its mark in the blighted Central Market neighborhood of San Francisco since moving there in June 2012.
BUSINESS
February 4, 2012 | By Roger Vincent, Los Angeles Times
In a move to shed nonessential assets, Bank of America will sell and lease back some of its administrative office space. Only three office buildings — two in North Carolina and one in New York — have been identified for sale so far, but others are expected to follow. "Real estate ownership is not a core business for Bank of America," spokeswoman Kelli Raulerson said. "Therefore we are currently reviewing our administrative portfolio and may make the decision to sell our ownership interest in certain properties.
BUSINESS
August 10, 2000
Tokyo remains the most expensive office market in the world, though growth in demand from computer and Internet-related companies has U.S. cities quickly closing the gap, according to a study by CB Richard Ellis Services Inc., the world's largest property brokerage firm. At No. 9, San Francisco is the highest- priced U.S. city and the first U.S. city to crack the top 10. The top 10 cities with the most expensive office space: *--* Leasing cost City (area) per square foot/year 1.
BUSINESS
December 23, 1999 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670, and at: daryl.strickland@latimes.com
New jobs are being created so rapidly in Orange County that developers would have to build the equivalent of Newport Center annually for the next decade in order to keep pace with demand for office space, according to a new survey by The Seeley Co. The study, part of a broader report on the Southland's office needs, showed that Orange County's construction of commercial buildings over the next decade will increase by a third. Using conservative job growth estimates, the report found that 3.
BUSINESS
March 27, 2014 | By Roger Vincent
In a sign that the definition of prime office space is undergoing a dramatic shift, an old downtown Los Angeles office complex - once considered second rate - is now outperforming many of its newer, glitzier competitors. PacMutual Plaza, which dates to 1908, was one of the best addresses in Southern California until an unprecedented office building boom in the late 1980s and early 1990s brought a stately new crop of skyscrapers to town. For decades to follow, PacMutual - in the same block as the Biltmore hotel in Pershing Square - was a lower-cost alternative to such elite enclaves of corporate America as U.S. Bank Tower, Two California Plaza and the Gas Company Tower.
ENTERTAINMENT
March 4, 2014 | By Richard Verrier
Culver Studios, a historic independent studio where “Gone with the Wind” and “Citizen Kane” were filmed, is changing hands. Lehman Bros. Holdings has reached an agreement to sell the Culver City property to Hackman Capital Partners, a Los Angeles real estate investment firm, two sources familiar with the matter said. The transaction, expected to close this week, is among former Lehman assets being sold off following the investment firm's 2008 bankruptcy filing. ON LOCATION: Where the cameras roll Hackman Capital is buying the property for $85 million, close to what Lehman and other investors paid Sony Pictures Entertainment a decade ago for the 14-acre Washington Boulevard property, sources said.
BUSINESS
February 13, 2014 | By Roger Vincent
One of the tallest office buildings in downtown Los Angeles has been acquired by a major Hollywood real estate investor, CIM Group, in an unusual portfolio sale that included a regional shopping center in Montclair, a high-rise in Anaheim and a hotel in Bakersfield. The crown jewel of the seven properties acquired by CIM Group is Two California Plaza, a prestigious but troubled skyscraper on Bunker Hill where gleaming office towers erected during the last building boom decades ago are having a tough time attracting tenants.
CALIFORNIA | LOCAL
February 11, 2014 | By Paloma Esquivel
Investigators in Orange County are looking into the business dealings of a man and woman who were shot to death inside their multimillion-dollar home in San Juan Capistrano over the weekend. The killings have shocked this normally quiet mission town, where violent crime is rare and homicides even rarer. Bradford and Andra Sachs were found dead at home early Saturday. An 8-year-old boy believed to be their son was also found shot and remains hospitalized. Two teenage girls, believed to be their daughters, were in the house at the time but were not hurt.
BUSINESS
January 19, 2014 | By Roger Vincent
Despite a mixed performance in 2013, the Southern California office market improved slightly overall as the year finished with small increases in occupancy and rents. The ever-popular Westside continued to lead the way as active leasing helped landlords fill empty space in their buildings and ratchet up rents. Orange County also held on to its upward trajectory. "Things are getting better, little by little," said Petra Durnin, director of research in the West for real estate brokerage Cushman & Wakefield.
ENTERTAINMENT
January 9, 2014 | By Greg Braxton
Mike Judge, the creator of the animated "Beavis and Butt-head" and "King of the Hill," is also known for taking a sharply satirical look at workplace politics in his 1999 hit comedy, "Office Space. " He returns to that white-collar canvas in a totally different setting in his new HBO comedy, "Silicon Valley," which is scheduled to premiere April 6. The show "takes a comic look at the modern-day epicenter of the high-tech gold rush, where the people most qualified to succeed are the least capable of handling success," according to production notes.
REAL ESTATE
November 10, 1985 | Dick Turpin
Downtown Los Angeles, during the third quarter, experienced its largest growth ever of commercial space. A record 2.8 million square feet of new office space was added to the inventory, making 23 million square feet of such space available, along with a vacancy factor of about 18%. While the developers of that ample supply may be uneasy, potential tenants should continue to enjoy a competitive leasing market as broker activity intensifies.
BUSINESS
December 16, 2010 | By Roger Vincent, Los Angeles Times
CareMore, a Cerritos-based health maintenance organization, is on a hiring binge that will require it to double its headquarters space in March. The company, which caters to Medicare recipients, has hired 220 employees since September and plans to add as many as 275 more next year, said Dawn Maroney, chief sales and marketing officer. CareMore has agreed to expand from 60,000 square feet to about 142,000 square feet in a lease valued at about $12 million. The company will grow into space in an adjacent building at 12898 Towne Center Drive, which is owned by Principal Financial Group.
ENTERTAINMENT
December 2, 2013 | By Christopher Hawthorne, Los Angeles Times Architecture Critic
NEW YORK - The mess at ground zero has been a collaborative production. The delays, backbiting, design compromises and massive cost overruns that have marked the rebuilding process at the World Trade Center site are the sorry collective work of politicians angling for higher office, architects turning Sept. 11 cynically to their advantage and city, state and federal bureaucrats working at cross purposes for years on end. But if you had to pick a leading villain in this decade-long black comedy, it would probably be developer Larry Silverstein.
CALIFORNIA | LOCAL
November 8, 2013 | By Bob Pool
Just in time for Veterans Day, a dozen local military service organizations have reached an armistice with Los Angeles County over use of its newly refurbished Bob Hope Patriotic Hall. Instead of being relegated to basement cubicles as the county had planned, the American Legion, Veterans of Foreign Wars, Disabled American Veterans and other service groups will get office space elsewhere in the hall, which reopened Friday after a seven-year, $45.3-million renovation. About 460 people attended a rededication ceremony for the upgraded hall.
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