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
November 20, 2013 |
A vast but vacant Sears Roebuck & Co. product distribution center in Boyle Heights dating to the 1920s has sold for $29 million to a Los Angeles developer who plans to bring it back to life, perhaps with housing, offices and stores. The building has been a fixture on the East Los Angeles skyline for decades. Izek Shomof, who has renovated several office buildings and hotels in downtown's historic core, bought the sprawling nine-story Olympic Boulevard complex, where workers once glided on roller skates among far-flung racks of merchandise to fill orders from the popular Sears mail order catalog.
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.
CALIFORNIA | LOCAL
January 17, 2014 |
Simi Valley police are investigating what they're calling a suspicious death after a body was found on a large residential property that has been visited by officers multiple times in the past. Simi Valley Police Cmdr. Stephanie Shannon said detectives do not know whether the unidentified person died at the location in the 4000 block of Adam Road, or if the body was transported there. Officers discovered the body about 8 a.m. Thursday after arriving at the property in response to reports of a suspicious incident.
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.
CALIFORNIA | LOCAL
January 5, 1997
On Tuesday, the Thousand Oaks City Council will discuss signing a preliminary contract with Kilroy Development Co. for the development of the property adjacent to City Hall and the Performing Arts Center. The plans at this time include a two-story movie theater, a virtual reality theater, a fitness center, food concessions and possibly a children's science museum. This prime property deserves more than these ill-conceived plans by a developer who has no interest in our city. Let's think in terms of upgrading our beautiful city, not setting it up to become a blighted area.