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BUSINESS
November 6, 2003 | Roger Vincent
Rockefeller Group International Inc. and Los Angeles-based CommonWealth Partners said they were forming a real estate investment management partnership. The venture will provide CommonWealth with financial backing to acquire and develop large-scale office and mixed-use projects across the country on behalf of institutional investors such as the California Public Employees' Retirement System. CommonWealth has about $1.5 billion under management.
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WORLD
July 22, 2006 | Don Lee, Times Staff Writer
They cursed. They smashed beer bottles. They pushed and shoved. "Qiang fangzi! Qiang fangzi!" they shouted. "House robbers! House robbers!" In a rare public melee Friday in this bustling city, several dozen residents along the Bund riverfront district protested the forced eviction of a neighbor, who watched helplessly as migrant workers, shielded by about 20 police, loaded his possessions onto a truck.
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BUSINESS
September 12, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Rockefeller Group, the investment arm of the wealthy Rockefeller family, said it is exploring ways to overhaul the house that patriarch John D. built. The proposals include selling part of the privately held company, whose flashiest asset is New York's famed Rockefeller Center.
BUSINESS
November 6, 2003 | Roger Vincent
Rockefeller Group International Inc. and Los Angeles-based CommonWealth Partners said they were forming a real estate investment management partnership. The venture will provide CommonWealth with financial backing to acquire and develop large-scale office and mixed-use projects across the country on behalf of institutional investors such as the California Public Employees' Retirement System. CommonWealth has about $1.5 billion under management.
BUSINESS
February 6, 1986 | Associated Press
Rockefeller Group said Wednesday that it has agreed to sell its television and radio stations to an investment group formed by managers of the subsidiary and Wesray Capital Corp. for more than $625 million. Outlet Communications, as the Rockefeller family-owned group's broadcast subsidiary is known, includes five network-affiliated television stations and two independent UHF stations as well as four radio stations, including KIQQ-FM in Los Angeles. After completing the purchase, xProvidence, R.
NEWS
September 11, 1989 | From Associated Press
Rockefeller Group Inc. confirmed today that it is seeking ways to raise more cash for the family members who are majority shareholders after a published report indicated part of the firm could be up for sale by month's end.
BUSINESS
January 20, 1986
According to a story in the Wall Street Journal, Rockefeller Group is negotiating to sell its television and radio station group to the managers of the unit and the Pritzker family of Chicago for between $600 million and $650 million. Rockefeller Group's subsidiary, Outlet Co. of Providence, R.I., operates seven television stations and four radio stations, mostly in medium-size markets.
BUSINESS
December 30, 1986
The company said it sold its 45% interest in the landmark headquarters building in New York for $118 million, continuing cost-cutting moves linked to possible takeover threats and flagging national advertising. The buyer of the 48-story building was the majority owner, Rockefeller Group Inc., the holding company set up by the heirs of John D. Rockefeller to oversee the prestigious Rockefeller Center office complex in midtown Manhattan.
NEWS
October 31, 1989 | KARL SCHOENBERGER, TIMES STAFF WRITER
Mitsubishi Estate Co., one of Japan's leading real estate concerns, announced here today that it has invested $846 million for a 51% stake in the Rockefeller Group, making the firm a major partner in such American icons as New York City's Rockefeller Center and Radio City Music Hall.
BUSINESS
November 1, 1989 | JAMES FLANIGAN
What does it mean that Mitsubishi Estate, the real estate arm of a gigantic Japanese business combine, is buying a 51% interest in Rockefeller Group--the owners of New York's Rockefeller Center? Once again, as with so much foreign investment, Americans hesitate and wonder if they should worry or cheer. The one-word answer is cheer--the deal means additional investment in New York real estate and in other business ventures.
BUSINESS
May 12, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
The Japanese-controlled partnerships that own New York's famed Rockefeller Center filed for Chapter 11 bankruptcy protection Thursday in one of the largest examples yet of a major Japanese investment in the United States gone sour. The partnerships, Rockefeller Center Properties and RCP Associates, said they took the action "because of the impact of the deep and prolonged recession in the New York real estate market."
BUSINESS
November 1, 1989 | KARL SCHOENBERGER, TIMES STAFF WRITER
Yataro Iwasaki was a man with an eye for real estate. In 1890, the founder of the Mitsubishi Zaibatsu--a large industrial combine that later spawned a loose family of 41 companies with combined annual revenue approaching $200 billion--bought a tract of swampy land adjacent to the Imperial Palace. Today, Iwasaki's little corner of Tokyo is potentially the most valuable turf in the world. It lies beneath the concrete bedrock of the premier business districts of Marunouchi and Otemachi.
BUSINESS
November 1, 1989 | From United Press International
New York officials Tuesday praised the $868-million deal that gave a Japanese company controlling interest in Rockefeller Center--but people in the street were angry to see another piece of Americana fall into foreign hands. The sale came just weeks before the lighting of the famous Christmas tree that overlooks the center's skating rink and the opening of the Radio City Music Hall Christmas show with its high-kicking Rockettes. "Money talks very loudly," said New Yorker Sumner Baye.
BUSINESS
November 1, 1989 | JAMES FLANIGAN
What does it mean that Mitsubishi Estate, the real estate arm of a gigantic Japanese business combine, is buying a 51% interest in Rockefeller Group--the owners of New York's Rockefeller Center? Once again, as with so much foreign investment, Americans hesitate and wonder if they should worry or cheer. The one-word answer is cheer--the deal means additional investment in New York real estate and in other business ventures.
NEWS
October 31, 1989 | KARL SCHOENBERGER, TIMES STAFF WRITER
Mitsubishi Estate Co., one of Japan's leading real estate concerns, announced here today that it has invested $846 million for a 51% stake in the Rockefeller Group, making the firm a major partner in such American icons as New York City's Rockefeller Center and Radio City Music Hall.
BUSINESS
September 12, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Rockefeller Group, the investment arm of the wealthy Rockefeller family, said it is exploring ways to overhaul the house that patriarch John D. built. The proposals include selling part of the privately held company, whose flashiest asset is New York's famed Rockefeller Center.
BUSINESS
May 12, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
The Japanese-controlled partnerships that own New York's famed Rockefeller Center filed for Chapter 11 bankruptcy protection Thursday in one of the largest examples yet of a major Japanese investment in the United States gone sour. The partnerships, Rockefeller Center Properties and RCP Associates, said they took the action "because of the impact of the deep and prolonged recession in the New York real estate market."
BUSINESS
November 1, 1989 | KARL SCHOENBERGER, TIMES STAFF WRITER
Yataro Iwasaki was a man with an eye for real estate. In 1890, the founder of the Mitsubishi Zaibatsu--a large industrial combine that later spawned a loose family of 41 companies with combined annual revenue approaching $200 billion--bought a tract of swampy land adjacent to the Imperial Palace. Today, Iwasaki's little corner of Tokyo is potentially the most valuable turf in the world. It lies beneath the concrete bedrock of the premier business districts of Marunouchi and Otemachi.
NEWS
September 11, 1989 | From Associated Press
Rockefeller Group Inc. confirmed today that it is seeking ways to raise more cash for the family members who are majority shareholders after a published report indicated part of the firm could be up for sale by month's end.
BUSINESS
December 30, 1986
The company said it sold its 45% interest in the landmark headquarters building in New York for $118 million, continuing cost-cutting moves linked to possible takeover threats and flagging national advertising. The buyer of the 48-story building was the majority owner, Rockefeller Group Inc., the holding company set up by the heirs of John D. Rockefeller to oversee the prestigious Rockefeller Center office complex in midtown Manhattan.
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