September 5, 2013 |
Los Angeles commercial landlord Thomas Properties Group Inc., which revived downtown's massive City National Plaza, is fading from the local landscape. The company has agreed to be sold to Parkway Properties Group Inc., a real estate investment trust based in Orlando, Fla., for $294 million in stock. The deal, which the two companies value at about $1.2 billion after including the value of debt and other costs, will give Parkway two properties in Houston and five in Austin, Texas.
CALIFORNIA | LOCAL
July 1, 1993
If money and property confiscated from drug dealers were to go into the general fund and not directly to enforcement coffers, perhaps even enforcement agencies would acknowledge the dismal failure of the current "war" on drugs. WILLIAM H. McCORMICK Garden Grove
October 30, 1988
I wonder why the two candidates for President have not mentioned selling federal government property or services to the public like TVA, Amtrak, etc., which could result in revenue of several billion and reduce the federal deficit? Do we have to wait until we decline like England, New Zealand and other nations who are now selling government-owned enterprises to private business? I hope not. FRED NEWMAN Marina del Rey
HOME & GARDEN
August 8, 2011 |
Jon Feltheimer, chief executive of the Santa Monica film and television studio Lions Gate Entertainment Corp., has sold his Holmby Hills estate for $14.4 million. The 1.4-acre flat property overlooks a fairway at the private Los Angeles Country Club. The 6,400-square-foot house, built in 1927, has five bedrooms and 51/2 bathrooms. Feltheimer, 59, bought the property in 2009 for $9,812,500, public records show. David Offer of Prudential California, Brentwood, was the listing agent, according to the Multiple Listing Service.
April 30, 2010 |
Architect David Denton spends much of his time on a lush tropical island, where he experiments with cutting-edge building designs and creates spaces for artists to showcase their work. Never mind that the island only exists in the virtual-reality world of Second Life, a popular online venue where people interact via digital avatars. Denton, 62, said he purchased the island for about $700 — real money, not virtual cash — from its former owner, and considers it his property.
November 6, 2012 |
MPG Office Trust Inc., the largest office landlord in downtown Los Angeles, turned a profit in the third quarter as it continued to shrink its property portfolio. The Los Angeles real estate investment trust, which also owns buildings in Glendale and Cerritos, continued to sell heavily indebted properties while hanging on to most of its trophy buildings in L.A.'s financial district. MPG reported third-quarter net income of $88 million, or $1.57 a share, up from $25.6 million, or 51 cents, in the same period last year.