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October 15, 1989 | SUZETTE PARMLEY, TIMES STAFF WRITER
When Elmer J. Towle, heir to a zipper fortune, multimillionaire landlord and devout Roman Catholic, died Oct. 21, 1984, he did not leave just some of his real estate empire to his local parish. He left it all. Towle's gift consisted of choice properties spread over much of the South of Market district--a part of town in the midst of a redevelopment Renaissance. With an estimated worth of more than $18 million, the bequest was the largest donation in the history of the San Francisco Diocese.
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NEWS
October 15, 1989 | SUZETTE PARMLEY, TIMES STAFF WRITER
When Elmer J. Towle, heir to a zipper fortune, multimillionaire landlord and devout Roman Catholic, died Oct. 21, 1984, he did not leave just some of his real estate empire to his local parish. He left it all. Towle's gift consisted of choice properties spread over much of the South of Market district--a part of town in the midst of a redevelopment Renaissance. With an estimated worth of more than $18 million, the bequest was the largest donation in the history of the San Francisco Diocese.
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BUSINESS
September 21, 2002 | Bloomberg News
REAL ESTATE * San Francisco Bay Area home prices failed to rise in August for the first time in seven months as more people put their homes up for sale, DataQuick Information Systems said. The median price in the nine-county Bay Area matched the July peak of $417,000, DataQuick said. The price was up 11% from $376,000 a year earlier. The last time the median didn't rise from the month before was in January, when it fell to $371,000, from $377,000.
BUSINESS
December 15, 1995 | Times Staff and Wire Reports
Catellus to Acquire Home Builder: As part of the consolidation in the local real estate industry, San Francisco-based Catellus Development Corp. agreed to pay $9 million in stock for the Akins Co., a longtime, family-owned Orange County home builder. The new company will be called Catellus Residential Group and be based in Irvine. Founded by Ed Akins and run by his two sons, Akins Co. is one of Southern California's larger home builders.
NEWS
May 1, 1988
A state investigation into the alleged misuse of $1.13 million in Hastings School of Law trust and endowment funds ended with an agreement between the school and the state attorney general's office. Under terms of the agreement, filed in San Francisco Superior Court, the school will pay restitution and establish a new trust for scholarships and loans, a spokesman for Atty. Gen. John K. Van de Kamp said. Hastings will establish a new $2.
NEWS
July 14, 2001 | From Associated Press
Robert Mueller, President Bush's choice as FBI director, has prostate cancer and will undergo surgery within 30 days, Justice Department officials said Friday. Doctors said they expect Mueller, 56, to fully recover. Bush and Atty. Gen. John Ashcroft knew of Mueller's condition when he was chosen for the job, officials said. Mueller told the White House about the cancer in his initial interviews, they said.
BUSINESS
April 3, 2003 | From Reuters
San Francisco's downtown office vacancy rate set a new high in the first quarter and should rise throughout 2003 as the city reels from slumps in the technology and financial services sectors, according to a report issued Wednesday. Moreover, rents for office space in the city's central business district, which have been beaten down over the last two years, should fall even further as the city faces a glut of available space.
BUSINESS
October 23, 1992 | MARTHA GROVES and JAMES BATES, TIMES STAFF WRITERS
BankAmerica Corp. reported strong third-quarter profit of $476 million on Thursday, but its stock dropped sharply because of concerns that its accounting after the April merger with Security Pacific masked deepening problems with California loans. Separately, First Interstate Bancorp continued its turnaround by posting a profit of $75.1 million, or 82 cents a share, contrasted with a loss of $207.5 million, or $3.46 a share, in the year-earlier quarter.
BUSINESS
September 29, 1997 | From Times Wire Services
Microsoft Corp. co-founder Bill Gates' ever-increasing billions have kept him on top of Forbes' list of the 400 richest Americans for the fourth consecutive year, the magazine said Sunday. Gates, 41, more than doubled his net worth from $18.5 billion in 1996 to $39.8 billion this year--an increase of about $400 million a week, the magazine said in its Oct. 13 issue. Eighty-three people on the list are identified by Forbes as Californians.
BUSINESS
April 28, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
Despite slightly higher mortgage rates, the nation's housing recovery held its ground last month as sales of existing homes remained at the highest level in more than three years, a real estate trade group said Monday. "The economy is finally moving clearly toward recovery and we're feeling it not just in housing but other areas as well," said Dorcas T. Helfant, president of the Chicago-based National Assn. of Realtors.
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