August 28, 1996 |
In a transaction seen as breathing new life into the moribund commercial real estate business, Warner Center Corporate Park, a 343,458-square-foot office complex, has been sold for $51.5 million to CarrAmerica Realty Corp., a Washington, D.C. real estate investment trust. The sale also represents the end of an era for Robert Voit, the 56-year-old developer who transformed the face of the west San Fernando Valley by building a large chunk of the gleaming high-rise district known as Warner Center.
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.
March 18, 2007 |
AT first blush, they sound like deals worthy of a late-night infomercial: "Buy a two-bedroom cabin in the middle of the national forest just two hours from Los Angeles for a mere $169,000!" Chump change for equity-rich Angelenos, right? But the devil, as always, is in the details. The cabins are part of the U.S. Forest Service's Recreation Residential Program, started nearly 100 years ago to encourage use of what was then the fledgling national forest system.
August 20, 2009 |
Real estate may be in the doldrums, but Rodeo Drive is still Rodeo Drive when it comes to property prices. The Hugo Boss building on Beverly Hills' famous shopping street has been purchased by Hong Kong-based investors for $28 million in one of the highest per-square-foot prices paid for commercial real estate since the recession began, the seller's broker said Wednesday. Rodeo Drive has such cachet that many high-profile retailers want to be there even if their rents are too high in some cases for them to turn a profit at that location, said broker Dave Feldman of Marcus & Millichap.
August 22, 2008 |
The Sheraton Gateway Hotel outside Los Angeles International Airport has been sold by Los Angeles real estate developer Kor Hotel Group to a Chicago-area investor for $97 million, a real estate brokerage said Thursday. The recently renovated hotel with 802 guest rooms on West Century Boulevard has been acquired by Harp Group, according to brokerage Jones Lang LaSalle Hotels, which represented the seller. "The LAX hotel market has performed extremely well in recent years with occupancies for the major hotels topping 80%," said John Strauss, an executive vice president at Jones Lang LaSalle.
July 26, 2006 |
TWO of Los Angeles' quintessential restaurants will soon disappear off the city's dining map. After 29 years of serving French haute cuisine to Angelenos, L'Orangerie "will be no more," says owner Gerard Ferry. He has sold the restaurant -- a package deal that includes everything in the restaurant, including the well-stocked wine cellar, to Nobu Matsuhisa and his original partner in the Nobu chain of restaurants, Robert De Niro, for an undisclosed price.