CALIFORNIA | LOCAL
March 20, 1994
On Feb. 23, you published an article about the city of Oxnard's intention to file a tax lien on the Oxnard Town Center. I was terribly disappointed to see that your paper chose to include photographs of our property, 1000 Town Center. This is very misleading. Bedford Property Investors recently purchased the building, all cash, and has reserved funds up front for any new leasing or capital improvements. All property taxes and bond assessments associated with the building are current.
January 11, 1994 |
A buyer has finally been found for 1000 Town Center Drive, the green glass office building in Oxnard that has been on the market for two years. Bedford Property Investors Inc., a real estate investment trust based in Lafayette, Calif., has purchased the six-story structure from Citicorp for $5.1 million. The building adjoining the Ventura Freeway was completed in 1991 at an estimated cost of $17 million. Only about 40% of its 110,000 square feet of space is occupied. Citicorp turned down a $6.
April 19, 1987
BankAmerica named three new directors, one outsider and two BankAmerica executives, bringing the number of board members to 17. The new outside director is Peter B. Bedford, 49, president of Bedford Properties Inc., a Lafayette, Calif., real estate development and investment firm. Bedford is the first outsider named to the board since 1982, when former Defense Secretary Robert S. McNamara and Kaiser Aluminum & Chemical Chairman Cornell C. Maier joined the BankAmerica board.
May 29, 1993 |
A real estate investment trust said Friday that it will sell the University Tower office building in Irvine to the In-N-Out Burgers fast-food chain for $15.2 million. In-N-Out already had plans to move its corporate headquarters, now in Baldwin Park, to two floors of the 10-story building by November. The sale of the building is expected to be completed within 90 days. Buying the building "was really a function of the economic situation," said Steve Tanner, chief financial officer of In-N-Out.
August 27, 1991 |
Gov. Pete Wilson on Monday named an influential Southern California cultural figure as executive director of the California Arts Council, a move that drew praise from across the spectrum of the local arts community and capped a major revision of the council's membership. The new director is Joanne C. Kozberg, 47, a longtime board member of the Music Center of Los Angeles County.
September 17, 1991 |
The California Arts Council has approved a plan which will redistribute grant money more evenly among large- and small-budget arts organizations, as well as set aside 2% of its funds for multicultural arts groups. The plan--which will begin Nov. 15 and goes into effect in stages over the next two years--could result in cuts in the amount of state funding received by major arts organizations such as the Los Angeles Music Center.