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Sierra Capital Cos

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BUSINESS
April 20, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
Bolstered by the booming 1980s real estate market, Sierra Capital Cos. became one of the biggest real estate investment trust funds in the nation during the decade--with 43,000 investors holding shares in properties worth as much as $600 million. But today, at a time when many other REITs are holding their own despite a nationwide real estate slump, the Sierra funds are compiling one of the worst performance records since the giant Dallas real estate concern Southmark Corp.
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BUSINESS
April 20, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
Bolstered by the booming 1980s real estate market, Sierra Capital Cos. became one of the biggest real estate investment trust funds in the nation during the decade--with 43,000 investors holding shares in properties worth as much as $600 million. But today, at a time when many other REITs are holding their own despite a nationwide real estate slump, the Sierra funds are compiling one of the worst performance records since the giant Dallas real estate concern Southmark Corp.
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BUSINESS
August 5, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
After unsuccessfully asking tight-fisted bankers for loans, more real estate developers may sidle up to Wall Street in the wake of real estate magnate A. Alfred Taubman disclosing plans Monday for a public stock offering to raise up to $388 million for his company. The Bloomfield Hills, Mich., developer, which owns 19 regional shopping malls--including Beverly Center near Beverly Hills--would launch one of the largest real estate investment trusts since the property slump began in 1989.
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