CALIFORNIA | LOCAL
March 31, 1994 |
The City Council has agreed to pay $450,000 to a property owner who alleged in a lawsuit that the city breached a contract when it backed out of a deal to buy his land four years ago. In a 5-0 vote Tuesday night, the city agreed to the settlement with Martin Stayden, closing the final chapter of a complex deal that went awry and over the years has cost the city nearly $2 million. "It was a very troubled project and it's very disappointing how it all came out," City Atty. Joseph Fletcher said.
February 8, 2012 |
Real estate services provider CBRE Group Inc. reported a robust fourth quarter as property sales increased and the company expanded its asset management business. The Los Angeles firm formerly known as CB Richard Ellis Group Inc. earns commissions from arranging transactions to buy or rent space in offices, warehouses and other commercial properties. Property sales revenue rose 10% compared with the fourth quarter of 2010, powered by a growing number of deals in the United States and Asia, while sales in Europe remained flat, the company said Tuesday.
March 3, 2007 |
Days after announcing it would buy 23 Southern California office buildings for almost $3 billion, Maguire Properties Inc. is putting 17 properties on the block. The Los Angeles developer and landlord wants to sell buildings in Glendale, San Diego and Orange County totaling almost 4.7 million square feet of space, according to an offering being circulated to investors. A representative for Maguire declined to comment Friday.
June 20, 1999 |
An enormous crystal chandelier hovers above the 38-person refectory table at Belcourt Castle here. From St. Petersburg, coos Harle Tinney as she guides a visitor through her family's 60-room mansion, built a century ago in the style of Louis XIII. Baloney, rejoins her adopted brother-in-law, Kevin Tinney, a plumber who showed up in 1974 to fix the heating system and ended up owning a third of the castle.
CALIFORNIA | LOCAL
September 30, 1993 |
Looking for a clean, late-model, one-owner used car? Don't mind a little mileage on it? OK, how about a lot of mileage on it--say, up to 120,000 miles or so on a car that's only a couple of years old? If you're still game, then California Highway Patrol Used Car Sales in Torrance may be just the place to look. There, $8,000 or less--a lot less in some cases--will buy you a 1- to 3-year-old Ford Mustang or Crown Victoria that until recently was chasing down speeders on the freeways.
CALIFORNIA | LOCAL
February 13, 1987 |
Seemingly poised for battle, five Soviet-designed MIG-15 fighter jets sit in a hangar at Chino Airport. The red star of the Korean War-era Soviet Volunteer Corps is emblazoned on the tail, wings and fuselage. Goessling starts his capitalistic sales pitch. They are clean, sleek and scramble through the air near the speed of sound, Goessling says. In "mint condition," these jets can be had for a mere $150,000 each, or best offer. But there is a hitch.
January 28, 2007 |
It's hard to buy undeveloped land in booming northern Arizona for $166 an acre. But now-Senate Majority Leader Harry Reid effectively did just that when a longtime friend decided to sell property owned by the employee pension fund that he controlled. In 2002, Reid (D-Nev.) paid $10,000 to a pension fund controlled by Clair Haycock, a Las Vegas lubricants distributor and his friend for 50 years.
February 21, 1996 |
You ascend the black Belgian marble double staircase, gripping the upholstered rail, and finally reach the room you've come to see. The ceiling is 23 feet above, the fireplace 78 feet away, Fifth Avenue 42 stories below. Your jaw hangs somewhere in between. This is Lady Fairfax's living room. For $35 million, it can be yours. The "grand salon," as it is known up here, is the centerpiece of the Australian heiress' triplex apartment atop the Pierre Hotel. But it is more than that, your guide says.
August 16, 1998 |
The Walt Disney Co. announced Saturday that it has acquired an option to buy the last large undeveloped site in the resort district of Anaheim, a 52.5-acre strawberry farm that the Fujishige family had refused to sell for decades. The property, which could be used for a third Disney theme park or a cluster of restaurants and nightclubs, is one of the most valuable in Orange County. Several real estate experts speculated the land will cost Disney from $65 million to $78 million.
February 5, 2014 |
CBRE Group Inc., the world's largest commercial real estate brokerage, reported an 11% jump in revenue during the fourth quarter, led in part by thriving property markets in Europe, the Middle East and Africa. Profit was down from the same period in 2012, however, as the Los Angeles company wrote down $106.6 million primarily on the decreased value of its investment pools in Europe Southern California's housing recovery Fourth-quarter net income was $114.6 million, or 34 cents a share, down from $173 million, or 53 cents, a year earlier.