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Shopping Centers Southern California

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BUSINESS
April 5, 1992 | CARLA LAZZARESCHI, TIMES STAFF WRITER
The Beau Monde Mall in suburban Denver was one of those shopping centers tailor-made for the "shop-till-you-drop" 1980s. Outfitted with rustic tile floors, wide brick arches and black wrought-iron lampposts to resemble a quaint European village, the $34-million center had grandiose plans to offer residents of its tony neighborhood an assortment of fancy boutiques and fine restaurants. But then the bottom fell out of the Denver economy, and the mall never filled.
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CALIFORNIA | LOCAL
May 6, 2011 | By Dennis McLellan, Los Angeles Times
Alexander Haagen, a major Southern California shopping center developer who, as president of the Los Angeles Memorial Coliseum Commission in the late 1980s, clashed with Los Angeles Raiders owner Al Davis over proposed stadium seating renovations before Davis announced plans to move the pro football team to suburban Irwindale, has died. He was 91. A longtime resident of Palos Verdes Estates, Haagen died of age-related causes April 26 at an assisted-living center in Beverly Hills, said his son Alexander Haagen III. Haagen began his real estate career in Los Angeles in the late 1940s with his wife, Charlotte, and founded Alexander Haagen Properties in 1963.
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BUSINESS
August 1, 1996 | GEORGE WHITE, TIMES STAFF WRITER
Shirley Selim will go to great lengths to get a bargain--90 miles, to be exact. That's the distance from her Irvine home to the factory outlet center in the border community of San Ysidro where she shops for silk and cotton clothing at upscale shops such as Georgiou. "I can leave at 8 a.m. on Saturday and return by 1 p.m. because I know exactly what I want to buy," said Selim, a contract administrator for a federal agency.
BUSINESS
December 13, 2010 | By Stuart Pfeifer, Los Angeles Times
It's name is No Fear, but it's getting another reputation in local malls: No Rent. The casual clothing company from Carlsbad has been sued by several Southern California shopping malls for falling months ? and tens of thousands of dollars ? behind in rent for its retail outlets. An attorney for No Fear Retail Stores Inc. blamed the late payments on the sour economy and said the company was working with shopping centers to renegotiate leases that were signed when the future looked brighter.
NEWS
July 8, 1993 | THUAN LE and MARK PLATTE, TIMES STAFF WRITERS
As terrified shoppers ducked for cover or hid in nearby stores, a teen-ager fired more than five rounds from the upper level of Westminster Mall on Wednesday afternoon into a knot of youths below, scattering the group and hitting a 13-year-old girl twice in the back. The girl, whom police declined to identify, was taken to UCI Medical Center in Orange. She was in stable condition after the 4 p.m.
BUSINESS
January 23, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Fallout from the less-than-merry holiday shopping season may prove as painful to Southern California shopping center owners as it was to their retail tenants. Poor sales, a slowing economy and a surge in shopping center construction will keep the pressure on retailers and raise the prospect of higher vacancy rates and lower rents for property owners, say real estate and retail analysts.
BUSINESS
November 10, 1998 | MORRIS NEWMAN, SPECIAL TO THE TIMES
Has Rick Caruso reinvented the shopping center, as he and his champions claim? Or has the Southern California developer just put a more expensive set of clothes on an old formula? The question is probably academic to the crowds who stroll among the ornate buildings he erected at the Promenade at Westlake in Thousand Oaks.
BUSINESS
October 11, 1998 | MELINDA FULMER, TIMES STAFF WRITER
In their bid to crush competitors and grab market share, the nation's top retailers are opening scores of new stores in Southern California, driving a shopping center construction boom that some experts think is careening out of control. Although some additional stores are needed for residents of far-flung new suburban neighborhoods, analysts say, most new centers are serving up the same kind of apparel, food and home-improvement outlets that already exist in abundance.
NEWS
April 3, 1992 | MAUREEN SAJBEL, SPECIAL TO THE TIMES
Women wearing loose, flowing djellabahs . Welcome signs in Spanish, Chinese and Korean. Mariachi Muzak. It's just another day in a typical Los Angeles mall. As Southern California's cultural demographics shift, shopkeepers are learning to cater to a new clientele, hoping to attract local residents as well as cash-rich international tourists. "Cultural literacy" is the buzz phrase used in the retail world to refer to an understanding of foreign customs and shopping habits.
BUSINESS
October 11, 1998 | BOB HOWARD, SPECIAL TO THE TIMES
As the so-called power center has emerged as the darling of developers during the late 1990s, the street-corner mini-mall was its counterpart during the last real estate boom. In a little more than 10 years, from the mid-1970s to the mid-1980s, the mini-mall shot to popularity as a convenient alternative to big shopping centers--then just as quickly became a symbol of overdevelopment, widely reviled as a blight and a neighborhood nuisance.
BUSINESS
May 8, 2001 | BOB HOWARD, SPECIAL TO THE TIMES
Sales of shopping centers dropped by more than 38% in Southern California last year--the second year in a row that the number of sales declined--but selling prices continued to rise. The combination of fewer sales and higher prices, according to a new report, suggests that most centers are doing well and owners are reluctant to sell unless they get top dollar. Many buyers, meanwhile, are reluctant to pay premium prices.
BUSINESS
January 23, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Fallout from the less-than-merry holiday shopping season may prove as painful to Southern California shopping center owners as it was to their retail tenants. Poor sales, a slowing economy and a surge in shopping center construction will keep the pressure on retailers and raise the prospect of higher vacancy rates and lower rents for property owners, say real estate and retail analysts.
BUSINESS
March 18, 2000 | LESLIE EARNEST, TIMES STAFF WRITER
Shopping centers across the nation are planning to install large, showy advertising displays, uncorking a new stream of revenue for mall owners and transforming retail hubs into advertising runways. In the Southland, four centers are adding dozens of the back-lit displays this month, including the Shops at Mission Viejo, MainPlace/Santa Ana, Brea Mall and Century City Shopping Center in Los Angeles.
NEWS
December 14, 1999 | MORRIS NEWMAN, SPECIAL TO THE TIMES
Regional malls, those retail shrines so beloved by Southern Californians since the automobile-crazy region boomed after World War II, are losing their monopoly on consumer desire. As shoppers find other ways to buy merchandise, several traditional malls--including that famous playground for Valley girls, the former Sherman Oaks Galleria--are being converted to such new hybrids as entertainment centers, "big box" retail centers, office buildings, schools and even housing.
BUSINESS
May 7, 1999 | From Bloomberg News
Westfield America Inc., the largest shopping mall owner in California, said Thursday that it agreed to sell its Westfield Shoppingtown Cerritos mall in Cerritos to Macerich Co. for $188 million in cash and assumed debt. Separately, the Los Angeles-based real estate investment trust said it bought the 50% it didn't already own of Westfield Shoppingtown Valley Fair mall in San Jose for $152 million in cash and assumed debt. The Cerritos property was sold to Santa Monica-based Macerich.
BUSINESS
November 10, 1998 | MORRIS NEWMAN, SPECIAL TO THE TIMES
Has Rick Caruso reinvented the shopping center, as he and his champions claim? Or has the Southern California developer just put a more expensive set of clothes on an old formula? The question is probably academic to the crowds who stroll among the ornate buildings he erected at the Promenade at Westlake in Thousand Oaks.
BUSINESS
May 7, 1999 | From Bloomberg News
Westfield America Inc., the largest shopping mall owner in California, said Thursday that it agreed to sell its Westfield Shoppingtown Cerritos mall in Cerritos to Macerich Co. for $188 million in cash and assumed debt. Separately, the Los Angeles-based real estate investment trust said it bought the 50% it didn't already own of Westfield Shoppingtown Valley Fair mall in San Jose for $152 million in cash and assumed debt. The Cerritos property was sold to Santa Monica-based Macerich.
BUSINESS
March 18, 2000 | LESLIE EARNEST, TIMES STAFF WRITER
Shopping centers across the nation are planning to install large, showy advertising displays, uncorking a new stream of revenue for mall owners and transforming retail hubs into advertising runways. In the Southland, four centers are adding dozens of the back-lit displays this month, including the Shops at Mission Viejo, MainPlace/Santa Ana, Brea Mall and Century City Shopping Center in Los Angeles.
BUSINESS
October 11, 1998 | MELINDA FULMER, TIMES STAFF WRITER
In their bid to crush competitors and grab market share, the nation's top retailers are opening scores of new stores in Southern California, driving a shopping center construction boom that some experts think is careening out of control. Although some additional stores are needed for residents of far-flung new suburban neighborhoods, analysts say, most new centers are serving up the same kind of apparel, food and home-improvement outlets that already exist in abundance.
BUSINESS
October 11, 1998 | BOB HOWARD, SPECIAL TO THE TIMES
As the so-called power center has emerged as the darling of developers during the late 1990s, the street-corner mini-mall was its counterpart during the last real estate boom. In a little more than 10 years, from the mid-1970s to the mid-1980s, the mini-mall shot to popularity as a convenient alternative to big shopping centers--then just as quickly became a symbol of overdevelopment, widely reviled as a blight and a neighborhood nuisance.
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