October 23, 2001 |
Investors opened their wallets Monday for the first billion-dollar initial public stock offering since July, as insurance firm Principal Financial Group priced its new shares. The Des Moines-based company sold 100 million shares at $18.50 each, raising $1.85 billion. It's the first billion-dollar IPO since July 19, when consulting firm Accenture raised $1.67 billion. The IPO market all but dried up in the aftermath of the Sept. 11 terrorist attacks. Only two other IPOs have been sold in October.
January 4, 1987
A $12-million, 60,000-square-foot, four-story office building at 15165 Ventura Blvd., Sherman Oaks, has been topped out by Oltmans Construction for the Lewis Co., Oltmans Investment Co. and Principal Financial Group. Coldwell Banker is handling leasing.
May 31, 1987
Corporate Pointe, a $20-million project occupying a 10-acre site in Corporate Park in Irvine, has been completed by the Sammis Co. of Irvine, in joint venture with the Principal Financial Group of Des Moines, Iowa. The project consists of five two-story office and research-and-development buildings ranging from 24,000 to 42,000 square feet, for a total of 167,000 square feet.
January 24, 1997
Pacific Gulf Properties Inc. said Thursday it has acquired a 200,400-square-foot industrial building in the Seattle area from Principal Financial Group for $9.45 million. The fully leased building, situated on 10.5 acres in Algona, Wash., was designed as an industrial distribution/manufacturing facility. Pacific Gulf, a real estate investment trust, said the purchase increases its Seattle-area portfolio to five projects totaling more than 861,000 square feet.
August 14, 1997 |
PacifiCare Health Systems Inc. said it has signed a definitive agreement to sell its FHP of Illinois subsidiary to Principal Health Care Inc., a unit of Principal Financial Group. Terms of the previously announced all-cash sale have not been disclosed. The transaction must be approved by state and federal regulators and the directors of both companies. PacifiCare said it expects the deal to close later this year.
April 28, 1999 |
LatinaStyle magazine will hold a free business workshop for Latina entrepreneurs at the Queen Mary on May 8, as part of a national series that began last year. The event, from 8 a.m. to 2:30 p.m., will focus on the Internet, technology and how to prepare for the Y2K problem. The series is sponsored by the Small Business Administration, Principal Financial Group, the Commerce Department's Minority Business Development Agency and the Queen Mary.