June 12, 1988
The six-story Beverly La Jolla Towers, 8201 Beverly Blvd., has been purchased for $4.9 million by Hal Lederman from Postal Instant Press. L.J. Hooker International, which represented both parties, is also the leasing agent.
July 3, 1990
Image Entertainment Inc., a Chatsworth company that licenses and distributes laser videodiscs, reported losses for its fiscal fourth quarter and year ended March 30. For the year, the net loss widened to $1.34 million from a $779,000 loss a year earlier. Revenues increased 52% to $28.1 million from $18.5 million. The fourth-quarter loss of $1.14 million followed net income of $156,523 a year earlier, while revenues rose 48% to $9.62 million from $6.51 million.