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Real Estates Developers

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CALIFORNIA | LOCAL
November 15, 1989 | MICHELE FUETSCH, TIMES STAFF WRITER
A $2-million damage suit was filed Tuesday against the real estate developers who allegedly tried to illegally demolish the McKinley Mansion, a historic Lafayette Park residence built more than 70 years ago by a Los Angeles mortuary mogul.
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BUSINESS
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.
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CALIFORNIA | LOCAL
April 12, 1990 | MYRNA OLIVER, TIMES STAFF WRITER
Paul W. Trousdale, the real estate developer who created Beverly Hills' fashionable Trousdale Estates and built more than 25,000 homes throughout Southern California, has died. He was 75. Trousdale died Monday in Santa Barbara, according to an announcement Wednesday from El Camino Memorial Park and Mortuaries in San Diego. Trousdale was chairman of the board of El Camino. Born on a farm near Gallatin, Tenn.
BUSINESS
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.
BUSINESS
May 21, 1991 | HARRY BERNSTEIN
Given the conservative tilt of the nation these days, chances are nil that Congress or any state legislature will try to renew President Lyndon B. Johnson's War on Poverty, a war we've been losing badly since it began in the 1960s.
CALIFORNIA | LOCAL
September 4, 1992 | CAROL WATSON, TIMES STAFF WRITER
Los Angeles city planning commissioners approved a controversial plan on Thursday that would give developers 10 years, rather than two, to pay for traffic improvements along Ventura Boulevard. The amendment to the Ventura Boulevard Specific Plan, which governs development along the thoroughfare, would also set up a process for developers to appeal the fees. Passed unanimously by the five-member commission, the amendment is still subject to City Council approval.
NEWS
July 14, 1990 | JIM NEWTON, TIMES STAFF WRITER
In addition to investigating a local official who deeded 99 acres of public land to a developer in 1988, the Orange County district attorney is reviewing the role of county employees who indirectly managed the property, according to local leaders. Officials who have been interviewed by investigators said county staff members are not the focus of the probe, but they conceded that some staffers may have made mistakes in overseeing the land. Deputy Dist. Atty. Wallace J.
CALIFORNIA | LOCAL
June 3, 1991 | JOHN CHANDLER, TIMES STAFF WRITER
The developer who stirred a controversy in the Antelope Valley by trying to export nearly 6 million gallons of ground water a day says he wants to sell the water within the thirsty region but has sought deals elsewhere, believing that local agencies were not interested.
CALIFORNIA | LOCAL
February 18, 1990 | TIM WATERS, TIMES STAFF WRITER
A developer's plans to build homes and a golf course in a landslide-prone area of Rancho Palos Verdes has drawn fire from area residents fearful that any new construction could trigger land movement and endanger homes. Orange County developer Barry Hon has asked city officials to exclude more than 400 acres he owns from a longstanding building moratorium in the area. He is also hoping to build a lavish resort hotel on coastal property outside the moratorium area.
NEWS
May 4, 1996
Okitami Komada, 56, major commercial real estate developer in downtown Los Angeles. A graduate of Tokyo's Keio University, he received a graduate degree in business from UCLA. Komada was the former president and chief executive officer of Mitsui Fudosan U.S.A. Inc. During his tenure, he directed the development of the 52-story Sanwa Bank Plaza, completed in 1990 at Wilshire Boulevard and Figueroa Street.
BUSINESS
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.
CALIFORNIA | LOCAL
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.
BUSINESS
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.
CALIFORNIA | LOCAL
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.
SPORTS
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.
OPINION
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.
NEWS
May 17, 1997
Fred W. Marlow, 98, Southern California real estate developer for half a century. A native of Colorado and graduate of West Point and the Massachusetts Institute of Technology, Marlow served in the Army during World War I and later mapped rail yards in Mexico for the military. He resigned his captain's commission in 1928 and moved to Los Angeles to go into real estate. In 1934 he was named the first Southern California director of the Federal Housing Administration.
BUSINESS
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.
OPINION
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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