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BUSINESS
June 13, 1990 | NANCY YOSHIHARA, TIMES STAFF WRITER
European real estate investors and lenders consider Los Angeles and California as the most attractive city and state to invest in, according to a survey released Tuesday. The preference and optimism about Los Angeles and California expressed by European firms were comparable to similar assessments by Japanese firms, which Mead Ventures Inc. surveyed on the same questions six months ago.
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BUSINESS
April 3, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
Downtown Los Angeles' glitzy but financially struggling high-rise apartment complexes have become the target of real estate investors gambling that rents will rise as the real estate market recovers. The latest buyer is Palo Alto-based Essex Property Trust Inc., which this week acquired the 19-story Bunker Hill Towers, downtown L.A.'s first high-rise apartment complex, from a Hong Kong partnership for $36.5 million.
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BUSINESS
April 3, 1998 | MELINDA FULMER, SPECIAL TO THE TIMES
Downtown Los Angeles' glitzy but financially struggling high-rise apartment complexes have become the target of real estate investors gambling that rents will rise as the real estate market recovers. The latest buyer is Palo Alto-based Essex Property Trust Inc., which this week acquired the 19-story Bunker Hill Towers, downtown L.A.'s first high-rise apartment complex, from a Hong Kong partnership for $36.5 million.
BUSINESS
June 13, 1990 | NANCY YOSHIHARA, TIMES STAFF WRITER
European real estate investors and lenders consider Los Angeles and California as the most attractive city and state to invest in, according to a survey released Tuesday. The preference and optimism about Los Angeles and California expressed by European firms were comparable to similar assessments by Japanese firms, which Mead Ventures Inc. surveyed on the same questions six months ago.
BUSINESS
August 18, 1998
Dames & Moore Group said its board elected Arthur Darrow chairman of the Los Angeles-based engineering, consulting and environmental services company, succeeding George Leal. Darrow, 55, will continue as chief executive, a position he has held since January 1995. * Property manager and real estate investment company Los Angeles-based Kennedy-Wilson Inc.
BUSINESS
April 8, 1994 | From Times Staff and Wire Reports
A Japanese company is seeking to sell the Hotel Bel-Air in West Los Angeles, acquired for more than $100 million in the late 1980s during a Japanese buying spree of well-known American properties, a financier said here Thursday. If the sale goes through, it would mark the latest Japanese retreat from spectacular real estate purchases made in those years. The Japanese tycoon who bought the Pebble Beach golf resort in 1990 was thought to have lost $340 million when he sold it in 1992.
BUSINESS
January 8, 1987 | DENISE GELLENE, Times Staff Writer
A Japanese life insurance company is buying a nearly complete 21-story office building in downtown Los Angeles for $145 million cash, one of the highest prices ever paid for downtown office space. The sale was announced on Wednesday by the building's developer, the New York-based Reliance Development Group. The distinctive office building, at 1000 Wilshire Blvd., next to the Los Angeles Hilton, is still under construction and is expected to be completed in March.
CALIFORNIA | LOCAL
April 10, 1987 | SAM JAMESON, Times Staff Writer
Los Angeles County may raise as much as $1 billion in yen on the Japanese bond market this year, Chief Administrative Officer Richard B. Dixon said here Thursday. That will be conditional on the Japanese offering "a good deal," said Dixon, a member of a Los Angeles area economic development mission that has just ended a week of meetings here. If the fund raising occurs, the county would be the first municipal government in the United States to issue bonds in Tokyo.
BUSINESS
January 30, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
Ten years ago, John F. "Jack" Grundhofer was one of California's most prominent bankers, but he packed his bags when it became clear he'd been passed over for the top job at Wells Fargo Bank. The Los Angeles native moved to frosty Minnesota in the middle of winter to take command of a smaller, ailing bank. But ever since, the hyper-competitive Grundhofer has been fighting to get back home. He made an unsuccessful bid for Los Angeles-based First Interstate Bancorp in 1995.
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