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.
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.
March 3, 2013 |
Word got around that Jack Kent Cooke wanted to cash out. It was 1977 and the Lakers owner had entered into a divorce that would eventually cost $41 million, a sum worthy of the Guinness World Records for the most costly marital split in history at that time. His mounting legal bills created an opportunity for an eager buyer named Jerry Buss. The onetime chemist, now wealthy from the real estate boom, wanted to purchase not only the Lakers but also the Forum and the Kings. Buss had one problem -- he wasn't the highest bidder.
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.
October 4, 2007 |
Murdock Plaza, a 17-story red-brick office building in Westwood that boasts VIP tenants such as ex-Mayor Richard Riordan and philanthropist Eli Broad, has been acquired for $130 million. The tower at the intersection of Wilshire and Westwood boulevards was completed in 1981 by billionaire investor and developer David H. Murdock, who still occupies a suite there. The building also houses the exclusive Regency Club, which is one of the first private clubs in Los Angeles to admit women as members.
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.