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BUSINESS
August 17, 1992 | From Times Staff and Wire Reports
Problems for British Homeowners: About one in 10 British homeowners lives in a house that is worth less than the mortgage used to finance its purchase, the central Bank of England reported. The condition, known as "negative equity," has been widely blamed for keeping Britain's residential property market in the doldrums and hurting both consumer confidence and the economy at large. The central bank's report suggests that 876,000 households became victims of negative equity by last March.
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NEWS
August 28, 2001 | JULIE TAMAKI, TIMES STAFF WRITER
Real estate agent Andrew Perratt is navigating his sporty black coupe along a bumpy, winding road that leads to a home he is trying to sell in this postwar Glasgow suburb. "The condition of the property is fabulous," Perratt, 28, says as he talks up his listing in a warm Scottish accent. "The quality of the upgrade is fantastic." Perratt possesses many of the traits of those who ply his trade: a slick car, fine clothes and a knack for easy conversation.
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NEWS
August 28, 2001 | JULIE TAMAKI, TIMES STAFF WRITER
Real estate agent Andrew Perratt is navigating his sporty black coupe along a bumpy, winding road that leads to a home he is trying to sell in this postwar Glasgow suburb. "The condition of the property is fabulous," Perratt, 28, says as he talks up his listing in a warm Scottish accent. "The quality of the upgrade is fantastic." Perratt possesses many of the traits of those who ply his trade: a slick car, fine clothes and a knack for easy conversation.
BUSINESS
July 9, 1998 | Jesus Sanchez
CB Richard Ellis, a Los Angeles-based real estate services firm, has acquired London-based Hillier Parker May & Rowden in a deal valued at about $100 million. The acquisition gives CB Richard Ellis--formerly CB Commercial--a major presence in Britain, where the company will be known as CB Hillier Parker. CB will pay $70.1 million in cash and stock for Hillier Parker--which employs 500 workers in six offices--and assume responsibility for paying various annuities at a cost of about $15 million.
BUSINESS
July 9, 1998 | Jesus Sanchez
CB Richard Ellis, a Los Angeles-based real estate services firm, has acquired London-based Hillier Parker May & Rowden in a deal valued at about $100 million. The acquisition gives CB Richard Ellis--formerly CB Commercial--a major presence in Britain, where the company will be known as CB Hillier Parker. CB will pay $70.1 million in cash and stock for Hillier Parker--which employs 500 workers in six offices--and assume responsibility for paying various annuities at a cost of about $15 million.
BUSINESS
September 22, 1991 | WILLIAM TUOHY, TIMES STAFF WRITER
The gigantic office building, its 800-foot, 50-story exterior clad in stainless steel and topped by a shining pyramid, gleams in the sunlight, a monumental new London landmark towering over the satellite buildings around it. This is Canary Wharf, centerpiece of the London Docklands redevelopment along the lower Thames River. It is Europe's largest urban renewal project.
BUSINESS
March 23, 1990 | TERESA WATANABE, TIMES STAFF WRITER
Japanese investment has more than quadrupled in United Kingdom real estate in the past two years and is also accelerating in other European nations as investors seek to position themselves for the community's unified market in 1992, a new report shows.
BUSINESS
August 17, 1992 | From Times Staff and Wire Reports
Problems for British Homeowners: About one in 10 British homeowners lives in a house that is worth less than the mortgage used to finance its purchase, the central Bank of England reported. The condition, known as "negative equity," has been widely blamed for keeping Britain's residential property market in the doldrums and hurting both consumer confidence and the economy at large. The central bank's report suggests that 876,000 households became victims of negative equity by last March.
BUSINESS
September 22, 1991 | WILLIAM TUOHY, TIMES STAFF WRITER
The gigantic office building, its 800-foot, 50-story exterior clad in stainless steel and topped by a shining pyramid, gleams in the sunlight, a monumental new London landmark towering over the satellite buildings around it. This is Canary Wharf, centerpiece of the London Docklands redevelopment along the lower Thames River. It is Europe's largest urban renewal project.
BUSINESS
March 23, 1990 | TERESA WATANABE, TIMES STAFF WRITER
Japanese investment has more than quadrupled in United Kingdom real estate in the past two years and is also accelerating in other European nations as investors seek to position themselves for the community's unified market in 1992, a new report shows.
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