Peter B Bedford

Three Californians have been accused by a bipartisan watchdog commission in Washington of exceeding federal limits on campaign contributions before the 1990 election. Joseph J. Bogdanovich of Rolling Hills, chairman of Sun-Kist Foods; A. Jerrold Perenchio of Los Angeles, a former producer with Embassy Pictures, now with Chartwell Partnership; and Peter B.

Three Californians have been accused by a bipartisan watchdog commission in Washington of exceeding federal limits on campaign contributions before the 1990 election. Joseph J. Bogdanovich of Rolling Hills, chairman of Sun-Kist Foods; A. Jerrold Perenchio of Los Angeles, a former producer with Embassy Pictures, now with Chartwell Partnership; and Peter B.

Fast-food chain In-N-Out Burgers Inc. on Thursday completed its $15.2-million purchase of the University Tower office building in Irvine, said officials at Bedford Property Investors Inc., the seller. In-N-Out, which will be moving its headquarters from Baldwin Hills, operates about 80 restaurants in California and Arizona. The company has been planning for some time to relocate its 60-person corporate staff to the Irvine building, where it has been leasing two full floors.

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.

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.

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.

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.

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.

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.

Kaiser Aluminum & Chemical Corp. said Friday that it will sell the bulk of its real estate assets for about $450 million to an investor group led by Peter B. Bedford, a company director. The transaction includes thousands of acres of property in California, Arizona, Oregon and Washington, including the 28,000-acre Rancho California development in Riverside. Kaiser signed a letter of intent with Bedford Properties, Bedford's real estate development company based in Lafayette, Calif.