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CALIFORNIA | LOCAL
August 5, 1995 | STEVE RYFLE, SPECIAL TO THE TIMES
A group of developers who built some of the city's most prominent office and retail buildings in the 1980s could lose one of its signature properties this month unless it can pay off a $5-million loan now in default, officials said. The 10-story structure at 100 N. Brand Blvd. was an aging bank and office building when the Howard-Platz Group purchased it in 1984, refurbished it and made it part of The Exchange, a two-block retail and commercial project jointly built by several developers.
BUSINESS
May 22, 2007 | Peter Pae, Times Staff Writer
Billionaire Kirk Kerkorian already owns a controlling 56% stake of MGM Mirage, one of the world's largest hotel and gaming companies. Which is why investors found the enigmatic Los Angeles investor's latest move all the more puzzling: He wants to carve out for himself two of the company's prized landmarks on the Las Vegas Strip. Kerkorian's Tracinda Corp.
BUSINESS
June 16, 2008 | Roger Vincent, Times Staff Writer
The new chief executive of Southern California landlord Maguire Properties Inc. is today expected to announce plans to sell some buildings -- including an Orange County landmark -- mortgage others and replace some top executives. The major initiatives from Nelson Rising come less than a month after the company's board of directors put him in charge of the real estate investment trust. Founder Robert F. Maguire stepped down under pressure from dissident shareholders alarmed by the company's escalating losses and falling stock price.
CALIFORNIA | LOCAL
September 2, 2009 | Patrick McGreevy and Evan Halper
Gov. Arnold Schwarzenegger this week tried to yank one of his appointees from a state board after the man balked at an administration-backed proposal he considered too risky for taxpayers. But lawmakers, in an end run, kept the San Francisco businessman on the panel. The appointee to the California Transportation Commission, James Ghielmetti, objected to an administration plan to accelerate the expansion of private companies' role in freeway construction. He advocated giving regulators more time to assess the potential effects of such a move.
BUSINESS
January 21, 2003 | Roger Vincent, Times Staff Writer
With Metro-Goldwyn-Mayer Inc. packing its bags for a move to Century City, the landlord of MGM Plaza in Santa Monica is about to begin a major renovation to improve the aging landmark in the highly competitive Westside office market. Owner Tishman Speyer Properties will spend $17 million to transform the 15-acre property with six buildings from a stark concrete locale into a lush corporate campus and public park.
CALIFORNIA | LOCAL
September 5, 2003
These contributions were reported by major candidates on the Oct. 7 ballot who have received sums of at least $100,000 for their gubernatorial campaigns. Totals are for all contributions through Aug. 23 and contributions of $1,000 or more through Thursday. Donations of $1,000 or more must be reported within 24 hours of receipt. * Telacu Industries, an East Los Angeles economic development company, gave $20,200.
BUSINESS
June 26, 2008 | Thomas S. Mulligan and Roger Vincent, Times Staff Writers
Cash-strapped Tribune Co. is considering putting two of its signature properties -- the Los Angeles Times' main office downtown and Tribune Tower in Chicago -- on the block. Tribune Chief Executive Sam Zell told employees in an e-mail Wednesday that the company had contacted "several of the country's leading real estate firms" about the Times property and Tribune Tower, the company's 40-story headquarters in Chicago. "Both Tribune Tower and Times Mirror Square are iconic structures," Zell said.
CALIFORNIA | LOCAL
August 27, 2003 | Jeffrey L. Rabin and Doug Smith, Times Staff Writers
Labor unions, entertainment industry figures, developers and an array of other interests with a stake in what happens in Sacramento are lining up behind Gov. Gray Davis as he battles the effort to bounce him from office. Since the recall measure was placed on the ballot, the governor's anti-recall receipts have eclipsed all fund-raising by those supporting his ouster. Davis' two committees collected more than $2.
BUSINESS
March 20, 2008 | Jim Christie, Reuters
Even in the worst storms, there are pockets of calm, and the housing crisis gripping the United States is no different. Although prices are falling and owners are losing their homes to foreclosure around the country, places like Ross, a wealthy, woodsy town 18 miles north of San Francisco, still enjoy robust demand. That demand is explained by the town's sleepy feel -- the 2,300 residents have to collect their own mail from the post office -- and its exclusivity. Actor Sean Penn and Grateful Dead bassist Phil Lesh live here.
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