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BUSINESS
January 21, 1997 | GREG JOHNSON
Westminster Center, a 39-acre shopping center anchored by a Lucky grocery store, an Edwards Theatres complex and a Home Depot, has been sold to a Santa Monica-based real estate investment firm that describes itself as an expert in turning around properties that lost considerable value during California's long real estate recession.
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BUSINESS
September 25, 2006 | Roger Vincent, Times Staff Writer
A new firm backed by former executives of Arden Realty Inc. and other wealthy Los Angeles-area investors has been formed to renovate and develop shopping centers on the West Coast. Manarino Realty is headed by Robert A. Manarino, 50, former director of development in the West for Cousins Properties Inc., a publicly owned commercial developer based in Atlanta.
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BUSINESS
September 25, 2006 | Roger Vincent, Times Staff Writer
A new firm backed by former executives of Arden Realty Inc. and other wealthy Los Angeles-area investors has been formed to renovate and develop shopping centers on the West Coast. Manarino Realty is headed by Robert A. Manarino, 50, former director of development in the West for Cousins Properties Inc., a publicly owned commercial developer based in Atlanta.
BUSINESS
January 21, 1997 | GREG JOHNSON
Westminster Center, a 39-acre shopping center anchored by a Lucky grocery store, an Edwards Theatres complex and a Home Depot, has been sold to a Santa Monica-based real estate investment firm that describes itself as an expert in turning around properties that lost considerable value during California's long real estate recession.
BUSINESS
March 10, 2000 | Daryl Strickland
New Horizons Worldwide Inc., a major provider of computer training, said Thursday that its main office and training centers will be consolidated next year in a new six-story building under construction in Anaheim. The company said it has signed a 10-year, $20-million lease to occupy 75,000 square feet in Stadium Gateway, one of several office buildings being developed near Edison International Field.
BUSINESS
March 18, 2003 | Roger Vincent, Times Staff Writer
Los Angeles real estate investment company Summit Commercial Properties said Monday that it bought Kaiser Center, a high-rise office building in Oakland, for about $100 million. Built by industrialist Henry J. Kaiser in 1960, the 28-story tower was to be the centerpiece of a sprawling commercial development on Lake Merritt that was never completed. As part of the acquisition, from Kaiser Aluminum Corp.'s bankruptcy estate, Summit bought the rights to build an additional 1.5 million square feet.
BUSINESS
July 11, 2001 | BRAD BERTON, SPECIAL TO THE TIMES
Metropolitan Life Insurance Co. has purchased the 2-year-old Continental Grand Plaza II office building in El Segundo for $67.2 million, a move that suggests some institutional investors remain bullish about Southern California despite the recent decline in tenant demand. At more than $280 a square foot, the price is one of the highest paid for an El Segundo office property. The New York-based insurance giant bought the six-story, 240,000-square-foot building at 400 Continental Ave.
BUSINESS
September 18, 2001
Allianz of America Inc. acquired a 755,137-square-foot warehouse and distribution building at 4250 Hamner Ave. in Mira Loma from Pacific Newport Properties Inc. Terms of the transaction were not disclosed, but real estate industry sources estimated the purchase price at nearly $29 million. The building is 100% occupied by Wal-Mart Stores Inc., said Kent Hindes of Cushman & Wakefield, who represented the seller with Heidi Phillips and David Hasbrouck, also of Cushman & Wakefield. Westport, Conn.
BUSINESS
November 9, 1999
RPD Properties, a Los Angeles-based private investment group, acquired an 883,711-square-foot portfolio of office and industrial properties in five states for $36 million from three limited partnerships affiliated with Laguna Niguel-based Birtcher Real Estate Group. David Lachoff of Grubb & Ellis, who represented RPD, said the properties included seven office and industrial buildings in Minnesota, Illinois, Utah, Washington and Wisconsin.
BUSINESS
November 14, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
One of the Bay Area's most active real estate investment and development companies has purchased the twin Manhattan Towers office complex along the South Bay's popular Rosecrans Corridor for about $55 million. As the lively bidding for the fully leased property suggests, many commercial real estate companies are bullish on prospects for raising rents and values in the increasingly technology-oriented area of El Segundo and Manhattan Beach.
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
December 9, 1998 | DEBRA CANO, SPECIAL TO THE TIMES
Developers unveiled proposals Tuesday for an action-packed indoor sports complex and a six-story office building at Sportstown Anaheim, the giant entertainment and business project to be built in the parking lot of Edison International Field. The two projects, which would draw an estimated 2 million visitors a year and generate about $40 million in revenue for the city over the next 30 years, would help make Anaheim a world-class resort destination, city officials said.
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