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BUSINESS
April 14, 1997 | AMY HARMON, TIMES STAFF WRITER
Santa Anita Cos., owner of the landmark Arcadia racetrack, said Sunday that it agreed to merge with Meditrust, a health-care real estate investment trust, in a deal valued at about $383 million. Santa Anita Chairman William Baker said the deal would allow the track to continue operating as a racing facility.
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BUSINESS
June 4, 1994 | From Times Staff and Wire Reports
Santa Anita Realty Enterprises Inc. said it is reducing the company's dividend as part of its long-range plan to build shareholder value. The Arcadia, Calif.-based real estate investment trust revised the company's annual dividend rate to 80 cents a share from $1.36. . . . Los Angeles-based Atlantic Richfield Co. and British Gas began drilling their first gas and oil well off the southern Vietnam coast, the British company's senior official in Vietnam said.
BUSINESS
March 29, 1997 | JAMES F. PELTZ, TIMES STAFF WRITER
The tortuous chase for control of Santa Anita Cos. took another wide turn Friday when the only bidding group with a publicly announced offer said it has pulled out of the contest. The group--consisting of real estate specialists Koll Co. of Newport Beach, Colony Capital Inc. of Los Angeles and Apollo Real Estate Advisors in New York--made good on an ultimatum in which it threatened to withdraw unless it struck a deal with Santa Anita by the close of business Friday.
BUSINESS
February 17, 1996 | Times Staff and Wire Reports
Santa Anita to Sell Stake in REIT: Santa Anita Realty Enterprises Inc., an Arcadia trust that owns the Santa Anita race track and shopping centers, said it will sell its 16.37% stake in Pacific Gulf Properties Inc., a Newport Beach real estate investment trust created by Santa Anita in 1994.
BUSINESS
September 19, 1992 | From Times Staff and Wire Reports
Santa Anita Realty Makes 2nd Move Into Texas: Orange-based Santa Anita Realty Enterprises Inc. has made a second move into the Texas market, buying a 328-unit apartment community in San Antonio for $4.5 million. The 10-acre acquisition Thursday from Travelers Insurance Co. followed Santa Anita's purchase last June of a 244-unit complex also in San Antonio.
BUSINESS
June 2, 1993 | Ted Johnson, Times correspondent
So much has been said about real estate investment trusts recently, you'd think the idea was new. Many developers--including the Irvine Co.--are considering forming some sort of REIT, as they are often called, as a way to raise needed investment dollars. A REIT is a type of real estate investment in which ownership shares in real estate or mortgages are sold. Most of the income is passed on to shareholders, so is therefore not taxed at the corporate level.
BUSINESS
March 29, 1997 | JAMES F. PELTZ, TIMES STAFF WRITER
The tortuous chase for control of Santa Anita Cos. took another wide turn Friday when the only bidding group with a publicly announced offer said it has pulled out of the contest. The group--consisting of real estate specialists Koll Co. of Newport Beach, Colony Capital Inc. of Los Angeles and Apollo Real Estate Advisors in New York--made good on an ultimatum in which it threatened to withdraw unless it struck a deal with Santa Anita by the close of business Friday.
BUSINESS
October 10, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
A bidding war for control of Santa Anita Cos. erupted Wednesday as a group including Newport Beach real estate mogul Donald M. Koll offered to buy 55% of the famed racetrack operator as part of a complex deal valued at more than $180 million. Koll teamed up with Apollo Advisors in New York to make the bid, which calls for a cash dividend payment of $14 a share to existing Santa Anita shareholders. Apollo is run by former Drexel Burnham Lambert deal maker Leon Black.
BUSINESS
August 20, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
Santa Anita Cos. agreed Monday to sell a 45% stake to a Los Angeles real estate firm in a move that presages a wholesale reconsideration of its development plans in Arcadia and elsewhere. The buyer is Colony Capital Inc., which has extensive development holdings in Hawaii and throughout the U.S. Colony would pay $138 million for its stake in a series of complex transactions over two years. The deal, which amounts to $15 a share, requires shareholder approval.
CALIFORNIA | LOCAL
May 1, 1996
Citing community opposition and financial exposure, Santa Anita Park in Arcadia has withdrawn its controversial plan for a $100-million entertainment complex in the horse racing track's huge parking lot, promising instead to propose another project later, track officials said Tuesday.
BUSINESS
February 17, 1996 | Times Staff and Wire Reports
Santa Anita to Sell Stake in REIT: Santa Anita Realty Enterprises Inc., an Arcadia trust that owns the Santa Anita race track and shopping centers, said it will sell its 16.37% stake in Pacific Gulf Properties Inc., a Newport Beach real estate investment trust created by Santa Anita in 1994.
BUSINESS
June 4, 1994 | From Times Staff and Wire Reports
Santa Anita Realty Enterprises Inc. said it is reducing the company's dividend as part of its long-range plan to build shareholder value. The Arcadia, Calif.-based real estate investment trust revised the company's annual dividend rate to 80 cents a share from $1.36. . . . Los Angeles-based Atlantic Richfield Co. and British Gas began drilling their first gas and oil well off the southern Vietnam coast, the British company's senior official in Vietnam said.
SPORTS
June 24, 1993 | BOB MIESZERSKI
Stephen P. Keller, the president and chief executive officer of the Santa Anita Operating Co., has been named chairman of the board. Keller, who also is chairman of Santa Anita Realty Enterprises, succeeds Robert P. Strub, who died last month at 74 after battling Lou Gehrig's disease. After joining Santa Anita in June, 1991, as president and chief operating officer, Keller was appointed chairman of Santa Anita Realty Enterprises in January, 1992, and was named CEO last February.
CALIFORNIA | LOCAL
May 1, 1996
Citing community opposition and financial exposure, Santa Anita Park in Arcadia has withdrawn its controversial plan for a $100-million entertainment complex in the horse racing track's huge parking lot, promising instead to propose another project later, track officials said Tuesday.
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