Advertisement
YOU ARE HERE: LAT HomeCollectionsSterik Co
IN THE NEWS

Sterik Co

FEATURED ARTICLES
BUSINESS
October 7, 1987 | MARY ANN GALANTE, Times Staff Writer
Buffums--the 84-year-old department store chain with a dowager's image--is up for sale for a reported $40 million, sources say, following years of sluggish sales. At least four major real estate developers are said to be interested in purchasing all or part of the Long Beach-based company, according to sources familiar with the negotiations. Three of the developers are said to be interested in phasing out the chain and remarketing the space to high-volume--and perhaps discount--retailers.
ARTICLES BY DATE
BUSINESS
October 7, 1987 | MARY ANN GALANTE, Times Staff Writer
Buffums--the 84-year-old department store chain with a dowager's image--is up for sale for a reported $40 million, sources say, following years of sluggish sales. At least four major real estate developers are said to be interested in purchasing all or part of the Long Beach-based company, according to sources familiar with the negotiations. Three of the developers are said to be interested in phasing out the chain and remarketing the space to high-volume--and perhaps discount--retailers.
Advertisement
NEWS
August 9, 1987
A history of major actions taken by the Lynwood Unified School District to build its new high school: October, 1983--State Allocation Board grants $34 million to the district for a new high school. November, 1983--District is awarded $325,982 from the state for a feasibility study for a new high school.
REAL ESTATE
December 21, 1986
The $50-million remodeling of 12 former Zody's department stores into Ralphs Giant supermarkets is nearing completion, according to a spokeswoman for Koenig & Wood Development Co. The stores average 70,000 square feet and have about 16,000 square feet of mall shops called the Marketplace, the spokeswoman said. Koenig & Wood is the developer in cooperation with Ralphs Grocery Co.
NEWS
July 30, 1987
More than 300 people Tuesday peacefully marched to the Lynwood Unified School District board meeting to protest condemnation of the private Lynwood Adventist Academy to build a public high school. After listening to pleas by members of STOPPS (Stop Taking Our Private Parochial Schools) to block eminent domain proceedings, school board members agreed to meet with STOPPS people at the next regularly scheduled board meeting Sept. 1.
NEWS
May 31, 1990
The Lynwood School District moved a step closer to building a high school for the overcrowded system recently when the state approved $6.8 million for the purchase of 12 acres of property. The money will be used to complete the purchase of the property on Imperial Highway owned by the Sterik Co. of West Los Angeles. The total state-funded price of the land was $24.9 million. The district had been in court with the company since 1986 in an attempt to settle on a price.
BUSINESS
February 10, 1986 | MARTHA GROVES, Times Staff Writer
HRT Industries appeared late last week to be heading toward closing most of its 32 ailing Zodys discount department stores and leasing the properties to other major retailers. Lease agreements on many Zodys locations appear to be all but locked up, with such prospective new tenants as Ralphs and HomeClub. In addition, some current and former employees say Zodys has eliminated layaway purchases and the sale of lottery tickets. It also is shutting down its leased optical departments.
NEWS
August 9, 1987 | LEE HARRIS, Times Staff Writer
When school Supt. Charlie Mae Knight went to the aging and overcrowded Lynwood High School one day in 1983, she brought a promise for members of the freshman class: They would graduate from a sparkling new high school. Knight, who has since left the school system, had reason to be confident in her pledge because the state had just agreed to give the Lynwood Unified School District $34 million to replace Lynwood High with a modern facility.
NEWS
July 23, 1987 | LEE HARRIS, Times Staff Writer
The City Council has given its support to a group attempting to prevent the local school district from condemning the private Lynwood Adventist Academy to build a public high school. After listening to impassioned speeches by students, parents, administrators and others opposing condemnation, the council voted unanimously Tuesday to investigate how the site can be designated as a historical landmark.
NEWS
October 29, 1987 | LEE HARRIS, Times Staff Writer
Eighty-nine candidates, including 27 incumbents, are seeking election to seats on 16 Southeast Los Angeles County school and community college boards on Tuesday. Issues range from power struggles with administrators to student drug abuse, from spending cuts to fluctuating school enrollments. In three districts--El Rancho Unified School District, Little Lake City School District and Lowell Joint School District--incumbents are not being challenged.
Los Angeles Times Articles
|