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NEWS
August 3, 1990 | TOM FURLONG, TIMES STAFF WRITER
Southern California's once-booming commercial real estate market, which dramatically altered the region's office skylines in the 1980s, is in the early stages of a bust that may last two years or more, property experts believe. While not as severe as in other regions of the country, the downturn nonetheless could further depress the Southern California economy when it is already reeling from thousands of aerospace industry layoffs. "We're in the throes of a real estate recession . .
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NEWS
September 11, 1999 | From Reuters
The mansion in which 39 members of a religious cult committed suicide 2 1/2 years ago has quietly been sold for what an official called the bargain price of $668,000, it was disclosed Friday. According to records in the San Diego County assessor's office, the property was sold in June to a local developer, William Strong. Gary Fairbanks, division chief in the assessor's office, said the land alone had been assessed at $1.4 million. "But . . .
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BUSINESS
November 6, 1992
RTC Puts Great American Assets on the Block: The Resolution Trust Corp. is soliciting bids on a $474-million book value portfolio of land and loans secured by land from the failed Great American Federal Savings Assn. of San Diego. The RTC seized Great American in August, 1991. The portfolio being offered includes 56 loans secured by land, 47 of which are non-performing. In addition, there are 23 residential and commercial sites.
BUSINESS
March 4, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
Tightening control over its growing empire, Irvine Apartment Communities Inc. on Tuesday announced a new joint venture to manage the 15,000 units it owns at 51 complexes in Orange County and San Diego. Irvine Apartment, a Newport Beach-based real estate investment trust, will own 51% of the new company, Irvine Apartment Management Co. The rest will be owned by Western National Property Management of Orange.
NEWS
August 3, 1990 | TOM FURLONG, TIMES STAFF WRITER
Southern California's once-booming commercial real estate market, which dramatically altered the region's office skylines in the 1980s, is in the early stages of a bust that may last two years or more, property experts believe. While not as severe as in other regions of the country, the downturn nonetheless could further depress the Southern California economy when it is already reeling from thousands of aerospace industry layoffs. "We're in the throes of a real estate recession . . .
NEWS
September 11, 1999 | From Reuters
The mansion in which 39 members of a religious cult committed suicide 2 1/2 years ago has quietly been sold for what an official called the bargain price of $668,000, it was disclosed Friday. According to records in the San Diego County assessor's office, the property was sold in June to a local developer, William Strong. Gary Fairbanks, division chief in the assessor's office, said the land alone had been assessed at $1.4 million. "But . . .
BUSINESS
March 4, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
Tightening control over its growing empire, Irvine Apartment Communities Inc. on Tuesday announced a new joint venture to manage the 15,000 units it owns at 51 complexes in Orange County and San Diego. Irvine Apartment, a Newport Beach-based real estate investment trust, will own 51% of the new company, Irvine Apartment Management Co. The rest will be owned by Western National Property Management of Orange.
BUSINESS
August 9, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
When big real estate investors haul out their wallets in Southern California these days, they're as likely to be buying property in Orange County as in Los Angeles or San Diego. Nine of the 25 biggest transactions in Southern California through 1989 and into this year were in Orange County. Of the 10 largest deals in the region, half were in Orange County, according to a survey by San Diego's Comps Inc. for The Times. In 1988, 11 of the 25 largest deals were in Orange County.
BUSINESS
June 17, 1997 | (Dow Jones)
Pacific Gulf Properties Inc. acquired a portfolio of two senior citizen complexes with 551 units in Escondido for $25 million. The acquisition of the Terrace Gardens and Morning View Terrace bolsters the company's growing segment of senior communities, the real estate investment trust said Monday. Since October 1994, the Company's senior portfolio has grown from one property with 140 units to six properties containing a total of 999 units.
NEWS
February 13, 1994 | TONY PERRY, TIMES STAFF WRITER
Now that the California real estate market is thawing out, might you be interested in buying a town? For a mere $1,750,000--barely the cost of the fixer-upper in pricier ZIP codes--a buyer can own nearly all of this tiny mountain community 50 miles east of San Diego and just north of the Mexican border. Bob and Betty Heslop--he's a retired Navy chief, she's a ceramist--have owned Campo for six years and have decided it is time to cash out and go fishing permanently.
BUSINESS
June 17, 1997 | (Dow Jones)
Pacific Gulf Properties Inc. acquired a portfolio of two senior citizen complexes with 551 units in Escondido for $25 million. The acquisition of the Terrace Gardens and Morning View Terrace bolsters the company's growing segment of senior communities, the real estate investment trust said Monday. Since October 1994, the Company's senior portfolio has grown from one property with 140 units to six properties containing a total of 999 units.
NEWS
February 13, 1994 | TONY PERRY, TIMES STAFF WRITER
Now that the California real estate market is thawing out, might you be interested in buying a town? For a mere $1,750,000--barely the cost of the fixer-upper in pricier ZIP codes--a buyer can own nearly all of this tiny mountain community 50 miles east of San Diego and just north of the Mexican border. Bob and Betty Heslop--he's a retired Navy chief, she's a ceramist--have owned Campo for six years and have decided it is time to cash out and go fishing permanently.
BUSINESS
November 6, 1992
RTC Puts Great American Assets on the Block: The Resolution Trust Corp. is soliciting bids on a $474-million book value portfolio of land and loans secured by land from the failed Great American Federal Savings Assn. of San Diego. The RTC seized Great American in August, 1991. The portfolio being offered includes 56 loans secured by land, 47 of which are non-performing. In addition, there are 23 residential and commercial sites.
BUSINESS
August 9, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
When big real estate investors haul out their wallets in Southern California these days, they're as likely to be buying property in Orange County as in Los Angeles or San Diego. Nine of the 25 biggest transactions in Southern California through 1989 and into this year were in Orange County. Of the 10 largest deals in the region, half were in Orange County, according to a survey by San Diego's Comps Inc. for The Times. In 1988, 11 of the 25 largest deals were in Orange County.
NEWS
August 3, 1990 | TOM FURLONG, TIMES STAFF WRITER
Southern California's once-booming commercial real estate market, which dramatically altered the region's office skylines in the 1980s, is in the early stages of a bust that may last two years or more, property experts believe. While not as severe as in other regions of the country, the downturn nonetheless could further depress the Southern California economy when it is already reeling from thousands of aerospace industry layoffs. "We're in the throes of a real estate recession . . .
NEWS
August 3, 1990 | TOM FURLONG, TIMES STAFF WRITER
Southern California's once-booming commercial real estate market, which dramatically altered the region's office skylines in the 1980s, is in the early stages of a bust that may last two years or more, property experts believe. While not as severe as in other regions of the country, the downturn nonetheless could further depress the Southern California economy when it is already reeling from thousands of aerospace industry layoffs. "We're in the throes of a real estate recession . .
BUSINESS
October 28, 1989 | GENE YASUDA, TIMES STAFF WRITER
"Sold to the Japanese." These days, that same sign could be hung on some of San Diego County's best-known real estate properties, including the La Costa Resort Hotel and Spa in Carlsbad, the El Cortez Hotel downtown and Coronado's posh Hotel Meridien. The San Diego transactions exemplify the growing attraction that Japanese investors have for American real estate, which they perceive as safe and lucrative long-term investment vehicles. At the current rate, Japanese investment in U.S.
BUSINESS
October 28, 1989 | GENE YASUDA, TIMES STAFF WRITER
"Sold to the Japanese." These days, that same sign could be hung on some of San Diego County's best-known real estate properties, including the La Costa Resort Hotel and Spa in Carlsbad, the El Cortez Hotel downtown and Coronado's posh Hotel Meridien. The San Diego transactions exemplify the growing attraction that Japanese investors have for American real estate, which they perceive as safe and lucrative long-term investment vehicles. At the current rate, Japanese investment in U.S.
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