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BUSINESS
July 6, 1989 | NANCY YOSHIHARA, Times Staff Writer
The historic Ambassador Hotel, which closed its doors in January, has been sold to an investment group headed by a New York developer, but the fate of the 68-year-old hotel, once an oasis for Hollywood's rich and famous, remained unclear Wednesday. Anglo-Wilshire Partners, a California general partnership, reached an agreement over the weekend to purchase the 23.
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BUSINESS
July 6, 1989 | NANCY YOSHIHARA, Times Staff Writer
The historic Ambassador Hotel, which closed its doors in January, has been sold to an investment group headed by a New York developer, but the fate of the 68-year-old hotel, once an oasis for Hollywood's rich and famous, remained unclear Wednesday. Anglo-Wilshire Partners, a California general partnership, reached an agreement over the weekend to purchase the 23.
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CALIFORNIA | LOCAL
September 15, 1989
The new owners of the historic Ambassador Hotel in Los Angeles vowed Thursday to fight any attempt by the Los Angeles Unified School District to put a new high school on the Mid-Wilshire District property. On Thursday, Wilshire Center Partners, originally known as Anglo-Wilshire Partners, completed the purchase of the 23.5-acre property for $64 million from the J. Myer Schine family. The sale went through despite city plans to build a 2,000-student high school on the site.
CALIFORNIA | LOCAL
March 6, 1989
The historic Ambassador Hotel, once a playground for film stars, business tycoons and even royalty--and the site of Sen. Robert F. Kennedy's assassination in June, 1968--will be offered for sale today through a sealed bidding process, the owners announced. The 68-year-old, mid-Wilshire hotel closed its doors last January amid reports that a joint venture of British and American developers was negotiating to buy the property for $60 million.
BUSINESS
June 5, 1990 | TOM FURLONG, TIMES STAFF WRITER
Two Japanese companies have agreed to acquire a majority stake in a shopping mall being built at Rodeo Drive and Wilshire Boulevard in Beverly Hills, one of Southern California's best-known intersections, it was announced Monday. The exact price for the 135,000-square-foot complex, known as Two Rodeo Drive, was not revealed. But the sellers said the amount was "well over $200 million," a high price for retail space even by Beverly Hills standards.
BUSINESS
January 13, 1990 | TOM FURLONG and JANE FRITSCH, TIMES STAFF WRITERS
Flamboyant East Coast builder Donald J. Trump is expected to announce today that he is teaming up with U.S. and European investors to develop the site of the historic Ambassador Hotel. Trump has scheduled a press conference this morning at the hotel, at which his plans are expected to be discussed, sources said. Mayor Tom Bradley and City Councilman Nate Holden, whose district includes the hotel, are also supposed to attend.
NEWS
January 14, 1990 | TOM FURLONG, TIMES STAFF WRITER
Donald J. Trump, the brash and controversial builder from Manhattan, announced plans in Los Angeles on Saturday that apparently would lead to the demolition of the historic Ambassador Hotel as part of a mammoth commercial and residential redevelopment expected to cost more than $1 billion. Trump also confirmed that his plans may include construction of the nation's tallest building--125 stories--on the hotel site, nearly 24 acres in the mid-Wilshire area.
REAL ESTATE
June 24, 1990 | RON GALPERIN, Galperin is a Los Angeles-based free-lance writer who has covered the commercial real estate scene for several years
It's 2 a.m., and you are finally ready to leave work. The office feels like a cavern. The corridors are dim. The elevator seems to take forever. And the parking garage is barren. Maybe it's time to start shopping for new office space. Today, building security is a topic sure to come up in lease negotiations. Buildings without a comprehensive plan are increasingly shunned by businesses looking to relocate.
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