CALIFORNIA | LOCAL
December 9, 1998
The Sherman Oaks Galleria, the shopping mall enshrined in San Fernando Valley lore as the second home to "Valley girls," is headed for a major make-over that will transform most of the flagging retail center into office space.
CALIFORNIA | LOCAL
April 21, 1993 |
Unexpectedly strong sales of industrial and office space have perked up Ventura County's real estate market, raising hope that the sagging construction industry may rebound and pull the economy along with it. Three major transactions in the Conejo Valley and Simi Valley sparked the turnaround in the first quarter of 1993, according to a report released Tuesday by Grubb & Ellis Co. brokers.
March 13, 1992 |
You didn't see it on Cable News Network, but Vince DiMeglio's N.Y. Cheesecake bakery in El Toro was a casualty of the Persian Gulf War. Overly dependent on customers in the military, sales plummeted when the war broke out. DiMeglio closed the store and retreated to his 15-year-old Costa Mesa location. "In these times, we had to find a way to lower our costs without affecting the quality of our cheesecake and cheesecake-on-a-stick," DiMeglio said.
June 3, 1986 |
There may not be a "For Sale" sign outside the First Interstate Plaza at 4th Avenue and B Street downtown, but that shouldn't stop would-be buyers. The 23-story, 504,000-square-foot, six-sided, carmine red granite building has been shopped to several parties in the last six months, as 50% owner Great-West Life Assurance Co. of Winnipeg, Canada, tries to find a buyer. The building, which was built for $83 million and opened in December, 1984, is 45% leased.
February 16, 1999 |
The office vacancy rate fell for the 12th straight quarter from October to December as a strong U.S. economy boosted the demand for space, a study found. The office vacancy rate nationwide was 8.9% at end of the year, down from 9.0% in September and 9.8% a year earlier, according to CB Richard Ellis Services Inc., the largest manager and broker of commercial property. The U.S.
August 24, 1986
Occupied office space in metropolitan Phoenix increased by 2.18 million square feet during the first half of 1986 but about twice as much, 4.27 million square feet of new space was added, according to a survey conducted by Del E. Webb Realty & Management Co.
CALIFORNIA | LOCAL
January 30, 1998 |
Rock Harbor Church, an outgrowth of the Mariners South Coast Church campuses in Newport Beach and Irvine, is searching for a new place to house administrative operations. Launched last year, the church shares office space with Mariner's Newport Beach, which is closing Feb. 13 to consolidate operations with the Irvine center. The church needs about 2,000 square feet and room for five or six offices. Members also need room to park their storage trailer. Rock Harbor services, at 9:30 a.m.
April 14, 2006 |
Hollywood may soon face a shortage of office space, some analysts fear. Thus it can been seen as good news that the CNN building there is being sold to investors who plan to keep it for offices and not join the trend of converting such structures to residences. Palo Alto investment firm Broadreach Capital Partners is paying about $50 million for the 14-story tower at 6430 Sunset Blvd.
May 18, 1998 |
Independent counsel Kenneth W. Starr has hired 10 new lawyers and more than doubled his Washington office space since January. U.S. News & World Report said Starr's office rented an additional 7,400 square feet, which brings his operation's monthly Washington rent to $43,186. Starr's inquiries, which began as a probe of Arkansas land deals involving President Clinton and Hillary Rodham Clinton, have expanded to include the president's relationship with former White House intern Monica S.
October 22, 1998
Pimco Advisors Holdings LP said it plans to hire 60 new employees by the end of the year and will lease 74,000 square feet of additional office space to handle the company's burgeoning mutual fund business. The Newport Beach-based fund manager said it signed an agreement with the Irvine Co. to lease one building and part of another building under construction at Newport Center. The buildings are part of a four-building expansion of the Corporate Plaza office complex.