July 17, 1988
Direct capital investment in the United States by the Japanese and the potential for joint-venture relationships by Japanese and American real estate investors, developers and builders will be the focus of the second annual Pacific Basin Development Conference at the Wailea Resort on Maui, Hawaii, Aug. 17-20.
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.
November 16, 1989 |
In an extraordinary action, the U.S. Justice Department is negotiating to collect $35 million in damages from a cartel of Japanese construction companies that rigged bids on U.S. Navy contracts in Japan, U.S. officials confirmed Wednesday. David Schlitz, a department lawyer sent from Washington, has demanded that members of the consortium of 140 companies pay a cash settlement or face legal action in U.S. and Japanese courts, the officials said.
May 2, 1985
A pair of developers, including a giant Japanese construction firm, agreed Tuesday to build a 500-room Sheraton hotel and a 24-story office tower on a prime Ocean Boulevard block just north of the Convention Center. However, the development agreement, signed by Newport Beach businessman Stanley Cohen and the North American Taisei Corp., stipulates that the board of directors of the Japanese firm must still approve the $125-million project.
August 17, 1986 |
The Redevelopment Agency last week acted on major development proposals for four downtown blocks, including the prime Ocean Boulevard site where the Landmark Building is being demolished. Agency members gave conceptual approval to proposals from five bidders who want to put up high-rises on the Landmark site.
August 18, 1998 |
TrizecHahn Corp., a large Toronto-based, publicly held real estate company that has been aggressively buying downtown office buildings across the United States, is making a move on the heart of Long Beach. Last week TrizecHahn bought one of Long Beach's premier office towers, Landmark Square, for $86 million from a partnership including broker John Cushman, co-founder of Los Angeles-based Cushman Realty Corp.
October 28, 1993 |
If Japan follows through on its surprising announcement that it will open up its massive public works projects to bidding by U.S. construction firms, California stands to benefit greatly because some of the nation's largest firms are headquartered here. But that's a big if. Construction company executives remain skeptical about the prospect of U.S. companies actually winning a good piece of Japan's huge market, by some accounts the richest in the world.
July 18, 1985 |
Despite a sagging market for office space and a potential glut of hotel rooms, the City Council and Redevelopment Agency have jointly approved construction of three office buildings and the downtown's fourth new hotel since 1980. The proposed hotel, a 500-room Sheraton on Ocean Boulevard near the Convention Center, is part of a $130-million project that includes an office building of 24 stories and 400,000 square feet. City officials also unanimously approved Long Beach-based IDM Corp.'