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The three sat together in pews at Calvary C.M.E. Methodist Church in Pasadena Friday during the funeral service, trying to comfort one another and erase feelings of guilt created by their friend's death. These were three of Alan Wiggins' closest friends growing up in Pasadena, staying together from Little League to Elliott Junior High to the Senior Babe Ruth League to being teammates at Muir High.
May 27, 2008 | Teresa Watanabe, Times Staff Writer
Long before merchants from India, El Salvador, Hong Kong and elsewhere hawked their wares in the Toy District of downtown Los Angeles, the neighborhood was filled with the colorful sights and fragrant smells of old Greece. There were Mediterranean delicacies at the city's first Greek restaurant, Marathon Cafe on 4th Street, and fine olive oil from the Kalamata Importing Co. a few doors down. A block away, Dan Stathatos Sr.
May 2, 1989
Mortgage Investments Plus, a real-estate investment trust in Woodland Hills, agreed to be a partner in the development of a $16-million shopping center in Castro Valley, a community in Alameda County about 25 miles southeast of San Francisco. Mortgage Investments said it will provide $2.5 million in equity to develop the center and will earn an 11% return on that investment. A construction loan of $13.5 million will be provided by a third-party lender. The project's general partner and developer is Oewel Partners Ltd. Mortgage Investments invests in real estate and passes along rental income, capital gains, interest income and other proceeds to its own investors.
November 26, 2002 | Thomas S. Mulligan
Shares of Cendant Corp. sank as much as 9.5% in trading Monday on a report -- denied by the company -- that the Securities and Exchange Commission added the real-estate and travel firm to its investigation of Homestore Inc. Cendant shares recovered to close down 44 cents, or 3.5%, at $12.26 on the New York Stock Exchange. "There is no basis for, nor is there any indication of an investigation by the [SEC] or other authorities into Cendant with regard to the alleged activities at Homestore.
July 16, 1997 | JEAN O. PASCO
Trustees for the county's pension fund will begin liquidating $112 million in real-estate properties around the U.S. plagued by dropping values and alleged mismanagement, swallowing a $53-million loss from its total $165-million investment. Board member Thomas Fox said a group of trustees visited the 12 properties this spring, purchased in 1989, and have been managed by Heitman/JMB Advisory Corp. of Chicago. The tour of the office buildings and malls was revealing, he said.
August 1, 1995 | Compiled by Jack Searles
First Exchange Corp., a real-estate exchange specialist, has relocated from Santa Barbara to downtown Ventura. The company, a subsidiary of First American Title Insurance Co., has moved into the Bard Professional Building at 121 Fir St., according to Grubb & Ellis Co., which arranged a long-term lease. First Exchange is leasing 1,600 square feet of office space from Morton Capital Management, Grubb & Ellis said.
November 2, 1996
Hey, T.J. Simers, Indianapolis is a great market [Oct. 26]. Just because Los Angeles, Houston, etc., can't support their teams, don't knock Indy. Smaller markets like Nashville are getting the teams, while this La-La town goes to the beach and whines. Mr. Simers, you're supposed to be a sportswriter, not a real-estate salesman. Quit California dreamin' and get real. DAVID L. WILSON Marina del Rey
December 13, 1986
Bravo for the West Adams Boulevard article. I always enjoyed reading about restoration efforts in that neighborhood, and I was pleased that Sam Hall Kaplan defended the preservation-minded newcomers. There are easier places to do fix-up real-estate speculation, and, as he said, they are not the people who subdivide the old houses, build ticky-tacky apartments or abandon junker cars everywhere. CHARLES LOCKWOOD Santa Monica
August 24, 1986
Construction is expected to be completed by the end of this month on the $19.5-million Anaheim Distribution Center. The 406,766-square-foot project will include two one-story industrial buildings at 610 South Street and 525 East South St., Anaheim, when completed by the Hayes Co., a Costa Mesa-based real-estate development firm. Oltmans Construction Co. of Whittier is the general contractor. Grubb & Ellis is the exclusive sales agent.
Saddled with a nationwide surplus of office buildings, the real estate industry faces shrinking profits and a continuing shakeout of developers in 1990, according to a new industry study. Next year "will be painful," said Charles Shorter, senior vice president of Real Estate Research Corp., which recently issued a bearish annual report on the industry. "Some will drop out," Shorter said of developers.
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