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September 3, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
Red Sea Group of Israel has acquired another commercial property as part of its plan to build a Southern California real estate portfolio of $350 million or more. Its latest purchase is a 101,000-square-foot office building in Warner Center housing the headquarters of Wella Corp. USA, a subsidiary of German personal care products maker Wella. The seller of the two-story building at 6109 DeSoto Ave.
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BUSINESS
September 3, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
Red Sea Group of Israel has acquired another commercial property as part of its plan to build a Southern California real estate portfolio of $350 million or more. Its latest purchase is a 101,000-square-foot office building in Warner Center housing the headquarters of Wella Corp. USA, a subsidiary of German personal care products maker Wella. The seller of the two-story building at 6109 DeSoto Ave.
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BUSINESS
March 12, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
An Israeli real estate firm has purchased a 288,000-square-foot Hawthorne data center leased to AT&T Corp. The sale marks the first Southern California investment for Red Sea Group, whose U.S. operations are based in Dallas. Red Sea is believed to have paid more than $43 million for the former Northrop Grumman Corp. facility built in 1963 at 2301 W. 120th St. Tel Aviv-based Red Sea purchased the property from Seattle's Sabey Corp.
BUSINESS
March 12, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
An Israeli real estate firm has purchased a 288,000-square-foot Hawthorne data center leased to AT&T Corp. The sale marks the first Southern California investment for Red Sea Group, whose U.S. operations are based in Dallas. Red Sea is believed to have paid more than $43 million for the former Northrop Grumman Corp. facility built in 1963 at 2301 W. 120th St. Tel Aviv-based Red Sea purchased the property from Seattle's Sabey Corp.
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