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BUSINESS
December 18, 1987 | VICTOR F. ZONANA, Times Staff Writer
In 1984, Mindset Corp. was the toast of Silicon Valley, boasting a fat bankroll and a product so stylish that it was selected for the Museum of Modern Art's design collection in New York. But now it is just another victim of the shakeout among makers of personal computers, and people came here in droves on Thursday to pick over the carcass. "I got 200 for this beautiful PC with two floppy drives, color monitor and printer, can I hear two-and-a-half?
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BUSINESS
December 18, 1987 | VICTOR F. ZONANA, Times Staff Writer
In 1984, Mindset Corp. was the toast of Silicon Valley, boasting a fat bankroll and a product so stylish that it was selected for the Museum of Modern Art's design collection in New York. But now it is just another victim of the shakeout among makers of personal computers, and people came here in droves on Thursday to pick over the carcass. "I got 200 for this beautiful PC with two floppy drives, color monitor and printer, can I hear two-and-a-half?
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BUSINESS
June 23, 1992
Omnivar, a Glendale-based computer reseller that filed for Chapter 11 bankruptcy last month, said it has contracted with Ross-Dove Co. to conduct a public auction of its inventory and other assets on July 10. Louis Da Re, Omnivar's chief executive officer, said the auction is being held because the company could not get concessions from creditors and because it needs cash to operate while Omnivar tries to reorganize its finances.
BUSINESS
December 8, 1992 | JACK SEARLES
A group of Los Angeles-area investors has purchased Belwood Center, a Simi Valley neighborhood shopping center, in a Federal Deposit Insurance Corp. auction for $4 million. The group was one of a dozen qualified bidders for the 80,000-square-foot center, said the lead broker on the property, Craig Lane of the Sherman Oaks office of Grubb & Ellis Co. Belwood went on the block Wednesday as part of a nationally televised auction.
BUSINESS
January 26, 1994 | Debora Vrana, Times correspondent
Beachfront Property: The Holiday Inn Express, a 30-room Capistrano Beach hotel built in 1985, will be auctioned off Friday as part of National Hotel Auction in Beverly Hills, where $100 million worth of hotel properties are expected to be sold. The hotel, the only Orange County property in the sale, is on Pacific Coast Highway near Doheny State Park. Formerly called the Edgewater Inn, the hotel, which includes a sauna and spa, is the world's smallest Holiday Inn.
BUSINESS
November 24, 1992 | JACK SEARLES
More than 100 potential buyers have inquired about Belwood Center, a Simi Valley neighborhood shopping center that will be among the properties offered for sale by the Federal Deposit Insurance Corp. in a nationwide auction next Tuesday and Wednesday. The 80,000-square-foot center houses an Alpha Beta market and a Sav-On Express drugstore, but has a vacancy rate of 41%, said the lead broker on the property, Craig Lane of the Sherman Oaks office of Grubb & Ellis Co.
BUSINESS
November 1, 1991 | Susan Christian, Times staff writer
What to buy the person who has everything for Christmas this year? How about a reasonably priced office building with a view of Newport Harbor? On Dec. 12, bidders will get to choose from 182 government-owned properties valued at roughly half a billion dollars. The Federal Deposit Insurance Corp.
BUSINESS
June 11, 1990 | From Reuters
Drexel Burnham Lambert, the investment house built on junk bonds and destroyed by charges of fraud, put the furniture up for sale Sunday. Thousands lined up for more than an hour to walk through Drexel's headquarters at 60 Broad St., just four doors away from the New York Stock Exchange. On view were more than 1,500 lots of merchandise to be auctioned Wednesday in New York's biggest convention hall.
BUSINESS
August 10, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
In an important test of buyer interest in the troubled U.S. commercial real estate market, a group of institutional property owners this week will attempt to auction off apartments, hotels, office towers, retail centers and industrial buildings worth $500 million. The event, scheduled for Thursday at the Century Plaza Hotel in West Los Angeles, will be one of the largest auctions ever of commercial property not held by the government.
NEWS
November 12, 1991 | RALPH VARTABEDIAN, TIMES STAFF WRITER
The lathes, grinders and drill presses at Norman Modglin's small aerospace machine shop in North Hollywood are silent now, awaiting the pounding today of the auctioneer's gavel that will liquidate a business handed down through three generations in his family. Such scenes, the inevitable consequence of the Cold War's demise, are being repeated across Southern California and the nation's other aerospace centers every week. On Wednesday, Eaton Corp.
REAL ESTATE
March 11, 1990 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years
The bidding war has started. Real estate brokers nationwide are teaming up with auctioneers to offer sellers one more incentive for signing with them. And real estate auctioneers are trying to take their image beyond the courthouse steps by planning more upscale sales to the public. Everybody wants to claim a part of the more than 30,000 properties that are to be sold through the Resolution Trust Corp., the agency charged with liquidating assets of defunct thrift institutions.
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