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Real Estate Development

November 24, 1998
James Staver, real estate development executive and great-grandson of Times pioneer publisher Harry Chandler, has died. He was 47. Staver died Thursday at his home in Leucadia, Calif., after a 13-month battle with leukemia, his wife, Rachel, said Monday. The young executive had served as president of Torrey Pacific Corp., a Staver family holding company that concentrates in real estate investment and development.
July 10, 2013 | By Cale Ottens
As the economy improves, commercial real estate industry leaders are increasingly optimistic about a surge in the California market over the next three years or so, a new report said. Experts said they expect the nonresidential market will keep growing steadily for the next three years but start to slow after 2016 or 2017. There will still be growth, the report said, but at a slower rate. The conclusions are based on a survey of selected California real estate professionals in the development and investment sectors of the industry.
On a sad stretch of Broadway in South Los Angeles, Ferris Trimble drives past rickety storefronts and graffiti-covered walls before coming to a stop at a vacant corner lot. Here, across the street from the Paradise Baptist Church, Trimble and the church want to break into the world of commercial real estate development.
June 14, 2013 | By Cale Ottens, Los Angeles Times
The gig: Ken Kahan, 54, is founder and president of California Landmark, a real estate development company that has made its mark throughout the Los Angeles area by acquiring, rehabilitating and building new projects in both commercial and residential real estate. He is responsible for overseeing the day-to-day operations of the organization, which is based in West Los Angeles. Kahan frequently finds himself on job sites, getting his hands dirty. "We don't call ourselves developers," Kahan said.
When the annual Sumigarden Conference on real estate issues convenes at the posh Four Seasons Hotel here Thursday morning, there will be a few changes apparent. First is the name. The exclusive, invitation-only confab has been renamed the UCI Sumigarden Conference--reflecting UC Irvine's new role as sponsor. Another change will be the absence of co-founder Michael Sumichrast, who has delivered the keynote address since the first conference was held in Washington in 1984.
June 30, 2006 | Roger Vincent, Times Staff Writer
The fast-moving makeover of the Hollywood district may soon include a new development on the site of the Hollywood Palladium, the famous concert hall that has hosted such top musical acts as Glenn Miller and the Grateful Dead. Whether the building itself can survive the transition is unclear. Combined Properties Inc.
To those who knew him, Amway distributor Al Keranen seemed to personify the dream of instant riches. With a sprawling house in Woodland Hills, fancy cars, a private plane and a second home at a Utah ski resort, the former high school football coach-turned-salesman radiated prosperity as brightly as the sun that glinted off his gold Rolex watch and diamond pinky ring.
The 16-acre wasteland in the heart of Anaheim's downtown had become something of an embarrassment for civic leaders. The dusty vacant lots beckoned developers, yet more than a decade passed without solid prospects for a renewal project. Now comes Koll Co. After scrutinizing the property for years, the Newport Beach-based development firm interested Pacific Bell in a new office tower on the Anaheim site.
November 30, 1986
Potter Development Co., a real estate development and investment firm has opened at 12121 Wilshire Blvd.
March 16, 1988
USC has received a $4-million gift to establish a center for the study of real estate development. The gift is from John D. Lusk, chairman of the Lusk Co., a major real estate development concern in Orange County, and his son, William D.
July 22, 2012 | By Roger Vincent, Los Angeles Times
Light-rail passenger service returned to Culver City last month after a nearly 60-year break, speeding the evolution of the formerly insulated bedroom community into an urban hub of business and revelry. Hundreds of millions of dollars' worth of real estate development are in the pipeline, including a project linked to the new Expo Line that would contain apartments, stores and a hotel. Restaurant operators have been so keen on opening in the gentrifying downtown that rents for retail space didn't decline during the economic downturn as they did in most markets.
March 15, 2012 | By Valerie J. Nelson, Los Angeles Times
Paralyzed by a spinal cord injury in 1986, real estate developer Rogers Severson sought out a leading rehabilitation facility after doctors told the former college athlete he'd never walk again. Six months later, he walked out of Casa Colina Center for Rehabilitation in Pomona with the aid of a cane and the realization that he possessed what most patients there did not: excellent insurance and the personal means to pay for top-flight care. He vowed to help change that. Almost a year to the day after he was thrown from a mule, breaking two vertebrae, Severson stood before those gathered at a fundraising luncheon to benefit the charity he'd founded, the Spinal Cord Injury Special Fund.
January 19, 2012 | By Roger Vincent, Los Angeles Times
California commercial real estate developers and their bankers are growing optimistic about their industry's prospects, a report said. Although the national economy has given mixed signals in the last six months, California's markets for office and industrial space have made progress, albeit uneven, according to the semiannual Allen Matkins UCLA Anderson Forecast. "The progress, such as it is, has been driven by the steady employment gains in coastal California," the report said.
December 12, 2011 | By Jerry Hirsch, Los Angeles Times
Donald M. Koll, a real estate developer who pioneered high-rise office building in Orange County and among other projects helped turn Los Cabos, Mexico, into a premier resort destination, has died. He was 78. Koll died Tuesday at Ronald Reagan UCLA Medical Center of complications of a heart attack suffered Dec 2. He had been in ill health since having a stroke six years ago. Real estate and construction have been in the Koll family for generations. In 1889, Koll's grandfather August founded A.J. Koll, a lumber business in Los Angeles.
November 22, 2011 | By Bill Shaikin
Former Dodgers manager Joe Torre has discussed teaming with one of Los Angeles' most prominent real estate developers in pursuing the team. Rick Caruso, whose signature project is the Grove but who has not run a sports franchise, could strengthen a potential bid by aligning with Torre. The discussions between Caruso and Torre were first reported Tuesday by the New York Times and subsequently confirmed by the Los Angeles Times. Charles Sipkins, a spokesman for Caruso, declined to comment.
September 16, 2011
Two liberal groups have asked the Judicial Conference of the United States to investigate whether Supreme Court Justice Clarence Thomas has violated the federal Ethics in Government Act. The prospect of such an investigation is remote, but the conduct cited by Common Cause and the Alliance for Justice is troubling. The groups have asked the Judicial Conference to consider two possibilities: that Thomas knowingly withheld information about his wife's income from financial disclosure forms, and that he misrepresented the amount of free air travel he received from a wealthy friend.
December 6, 1990
Josep M. Figueras, the president of a Spanish real estate development company, has acquired ownership rights to the Barcelona franchise in the new World League of American Football.
January 6, 2011 | By Roger Vincent, Los Angeles Times
A Chinese real estate firm with one Los Angeles hotel in its fold closed on a deal to buy the Sheraton Universal hotel, showing a growing trust in a recovery of the hospitality industry and the rising interest of Asian investors in U.S. commercial property. The price of the Sheraton was not disclosed, but industry experts who tracked the deal said Shenzhen New World Group Co. paid about $90 million for the 451-room inn overlooking Universal City. That would make it a deep discount from the $122 million that previous owner Lowe Enterprises paid for the hotel at the top of the market in 2007.
October 9, 2010 | Patt Morrison
Maybe the name "Sonny" gives you a clue. It's the nickname Hassan Astani chose from a favored singer, Sonny Bono, a scrappy underdog if ever there was one. Astani's dream downtown condo project, Concerto, has gone dissonant. The bank backing the project failed, the FDIC stepped in and the hedge fund Starwood Capital Group won the bidding on the bank's portfolio, including Astani's nearly finished $260-million project. Starwood now shares ownership with the feds, and Astani wants control of his project back.
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