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BUSINESS
September 30, 1999 | JESUS SANCHEZ, TIMES STAFF WRITER
Woodland Hills-based Voit Cos., one of Southern California's largest real estate firms, said Wednesday that it has agreed to merge its property management operations with Transwestern Commercial Services, a nationwide real estate services firm. The deal, which includes Voit Management Co. and Voit's Valley Mechanical Services, would create a property management company with a portfolio of more than 90 million square feet and 1,450 employees. In the Western U.S.
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BUSINESS
September 30, 1999 | JESUS SANCHEZ, TIMES STAFF WRITER
Woodland Hills-based Voit Cos., one of Southern California's largest real estate firms, said Wednesday that it has agreed to merge its property management operations with Transwestern Commercial Services, a nationwide real estate services firm. The deal, which includes Voit Management Co. and Voit's Valley Mechanical Services, would create a property management company with a portfolio of more than 90 million square feet and 1,450 employees. In the Western U.S.
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BUSINESS
May 15, 2001 | Bob Howard
The 900,000-square-foot Koll Center Irvine office complex at the San Diego Freeway and Von Karman Avenue in Irvine will be renamed Irvine Center Towers, said leasing agent Transwestern Commercial Services. The new name "reflects the project's primary Irvine location and tower configuration," said Transwestern, which manages the property on behalf of owner Connecticut General Life Insurance Co. The 18.
BUSINESS
August 24, 1999 | From a Times Staff Writer
The office market in Los Angeles and Orange counties remained relatively strong during the first half of the year, but there were signs that the market's performance will fall below last year's results, according to a regional real estate survey. The vacancy rate for all classes of office space remained relatively stable, falling to 11.8% at midyear 1999 from 11.9% at the end of last year, according to Delta Associates, the research arm of Transwestern Commercial Services.
BUSINESS
November 30, 1999 | JESUS SANCHEZ, TIMES STAFF WRITER
The office market in Los Angeles and Orange counties continued to see vacancy rates drop during the third quarter, but tenants remained highly sensitive to rising rents. The overall vacancy rate at the end of the July-September period slipped to 11.5%, from 11.8% at the end of the previous quarter, according to Delta Associates, the research arm of Transwestern Commercial Services. Rents in the area continued to rise 4% to 5% on an annualized basis.
BUSINESS
July 21, 2000
Dorothy Farris has joined FutureLink Corp. in Irvine as vice president of sales for the ASP division. Previously, she was regional director for Wyse Inc. In addition, Chris Harvey, formerly director of FutureLink's southeast region, was promoted to senior vice president of the company's Server-Based Computing division. Gary Garcia also has joined the company as vice president of human resources. He was most recently vice president of human resources for Star Telecommunications in Santa Barbara.
BUSINESS
June 27, 2000 | BRAD BERTON, SPECIAL TO THE TIMES
As has been the case so many times over the last decade, merger and acquisition activity is dumping more high-rise space on the struggling downtown Los Angeles office market. With the recent acquisition of longtime local stalwart Atlantic Richfield Co. by BP Amoco, Arco's already-shrinking downtown operations will dwindle even more.
BUSINESS
November 14, 2000 | JESUS SANCHEZ, TIMES STAFF WRITER
PropertyFirst.com, one of the largest sources of commercial real estate listings on the Internet, has laid off about 25% of its workers in an effort to conserve cash. The Alhambra-based company is one of several firms struggling to build a profitable Web-based marketplace for commercial landlords, tenants and investors.
BUSINESS
January 29, 2002 | BRAD BERTON, SPECIAL TO THE TIMES
A real estate investment partnership headed by Los Angeles businessman John E. Anderson and his wife, Marion, is acquiring Oxnard Financial Plaza, home to the tallest office building between the Bay Area and Los Angeles County. An affiliate of the Andersons' Duesenberg Investment Co. real estate group has agreed to purchase the 13-building complex featuring the 21-story Morgan Stanley Tower and 14-story City National Bank Tower. John Anderson said he expects escrow to close in mid-February.
BUSINESS
January 19, 2006 | Roger Vincent, Times Staff Writer
Los Angeles County's office market tightened further during last year's fourth quarter as business expansions pushed vacancy rates down and rents slightly up, according to data released Wednesday. The average vacancy rate fell to 12.3% from 14.8% a year earlier, while monthly asking rents ticked up 5 cents to $2.11 a square foot, real estate brokerage Cushman & Wakefield said. For companies planning a move, it means they have fewer options than they did a year ago, analysts said.
BUSINESS
July 14, 2006 | Roger Vincent, Times Staff Writer
Los Angeles County's office market continued to tighten in the second quarter as business expansions pushed up rents and lowered vacancy rates, particularly on the Westside, according to data released Thursday. The steadily tightening market is putting growing financial pressure on firms planning to expand, real estate industry observers said.
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