July 9, 2002 |
Developer KOR Group has contracted with Taisei Construction to convert an aging office building in the financial district of downtown Los Angeles into an apartment complex. The 13-story building at 612 S. Flower St. and Wilshire Boulevard has been empty for eight years. Los Angeles-based KOR Group plans to convert the office property built in 1949 to 322 apartments over street-level stores and parking. The project is scheduled to be completed in summer 2003.
December 30, 1998 |
Hilton Hotels Corp. said it has purchased the Sheraton Grande Torrey Pines for $82.5 million. Hilton said it will rename the 394-room property in La Jolla the Hilton La Jolla Torrey Pines. Tokyo-based Taisei Corp. built the property and managed Torrey Pines Hotel Associates, the partnership that sold it to Hilton.
May 28, 1998 |
Bored with roller coasters that don't go fast enough or cartoon characters that are just a tad too cute? Then how about a theme park where you get to race around in the latest cars that Japan's biggest auto maker has to offer? Toyota Motor Corp. said Wednesday it will launch an automobile theme park as part of a new commercial and entertainment complex at a Tokyo waterfront site next year. The Tokyo Waterfront ST Block project is scheduled to open in the spring of 1999.
August 7, 1988
The second annual Pacific Basin Development Conference in Maui, Hawaii, on Aug. 17-20 will be attended by 100 American real estate developers and leaders of Japanese real estate investment firms in the United States and Japan to explore potential joint ventures. Featured speakers will be Taizo Watanabe, envoy extraordinary and minister plenipotentiary, at the Japanese Embassy in Washington, and Jim Deane, prominent California home builder.
February 13, 1986
A Superior Court judge has refused to block construction of a $130-million Sheraton hotel and office complex across from the Convention Center, and ground breaking for the 500-room hotel and 24-story office tower has been scheduled for May 5. "We don't believe at this point that there will be difficulty with the project proceeding," said David Biggs, project manager for the Long Beach Redevelopment Agency.
November 10, 1985 |
Ma Maison, that popular West Hollywood eatery of the stars and other luminaries, will close Thursday because the 22,000-square-foot property it occupies has been sold. That's the word from industry spokesmen, although Patrick Terrail, Ma Maison owner, was unavailable for comment. When contacted, Joe Lenzi of the Novagroup Realty in Beverly Hills, verified that he represented both sides in the $2-million-plus transaction, which closed escrow Nov. 1.