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BUSINESS
December 3, 1988 | United Press International
The Pacific Stock Exchange building, a 74-year-old art deco landmark in the heart of San Francisco's financial district, has been sold for $2 million to an investment group. The Empire Group, a San Francisco-based real estate firm, and two local investors, John Wright and William Dixon, said they had bought the building from the San Francisco Stock & Bond Exchange. The historic 20,000-square-foot building houses the Pacific Stock Exchange, the largest regional stock exchange west of Chicago.
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BUSINESS
December 3, 1988 | United Press International
The Pacific Stock Exchange building, a 74-year-old art deco landmark in the heart of San Francisco's financial district, has been sold for $2 million to an investment group. The Empire Group, a San Francisco-based real estate firm, and two local investors, John Wright and William Dixon, said they had bought the building from the San Francisco Stock & Bond Exchange. The historic 20,000-square-foot building houses the Pacific Stock Exchange, the largest regional stock exchange west of Chicago.
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BUSINESS
July 17, 1998 | DEBORA VRANA, TIMES STAFF WRITER
San Francisco and Los Angeles have housed vibrant stock exchange floors since the 19th century, but they may not make it into the 21st. When board members of the Pacific Exchange meet in Carmel on Tuesday, they are expected to discuss whether a possible merger with the Chicago Board Options Exchange could mean spinning off the Pacific's equity business and closing its two stock trading floors, those familiar with the talks said.
BUSINESS
January 9, 1997 | DEBORA VRANA, TIMES STAFF WRITER
Like many of the nation's smaller securities exchanges, the Pacific Stock Exchange has struggled for years to establish a name for itself with investors. "Most people don't know we're here," said PSE Chairman Robert M. Greber, looking out at downtown Los Angeles from the PSE's mammoth white building overlooking the Harbor Freeway. Greber hopes all that is about to change.
BUSINESS
May 25, 2001 | WALTER HAMILTON, TIMES STAFF WRITER
When the closing bell rings on the Pacific Exchange's Los Angeles stock trading floor today, it literally will be the closing bell. The 102-year-old trading operation--which began life as the Los Angeles Oil Exchange in an era when oil lubricated the local economy--is falling victim to changing times and what some critics say were missteps by its owners. The once-bustling trading floor on Beaudry Avenue west of downtown will shut for good at 1 p.m. local time, when the markets close for the day.
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