December 30, 1998 |
Meditrust Cos. has completed the sale of its 50% stake in Santa Anita Park Fashion Mall to Los Angeles-based mall owner Westfield America Inc. for $40 million as part of Meditrust's larger restructuring plan. Westfield had already acquired 39.7% interest in the property in November from TrizecHahn Corp. as part of a larger shopping center portfolio purchase. Needham, Mass.-based Meditrust had said it would sell its interest in the mall to help it reorganize and cut debt.
April 30, 2002 |
Los Angeles-based Arden Realty Inc. said it has selected office- leasing veteran Scott Chalmers to oversee its large portfolio of properties in the Western portion of Los Angeles. Chalmers, who had been regional vice president of marketing and leasing for rival TrizecHahn Corp., will be in charge of leasing as well as operations for 39 Arden properties totaling 6.7 million square feet of office space, or nearly one-third of the company's entire portfolio.
January 30, 1998 |
San Francisco's Embarcadero Center office and retail complex, known as the Rockefeller Center of the West, has drawn bids of about $1 billion from more than a dozen potential buyers, according to people familiar with the situation. Some of those looking to buy the 3.4-million-square-foot complex from Prudential Insurance Co. of America and David Rockefeller & Associates include billionaire financier Sam Zell's Equity Office Properties Trust, Menlo Park-based Spieker Properties Inc.
March 20, 1995 |
Lee H. Wagman has been named president and chief executive of the Hahn Co., a wholly owned subsidiary Trizec Corp. Ltd., effective April 25. He will also serve as executive vice president of Toronto-based Trizec. Wagman, 45, is currently chairman of Hycel Properties Co. in St. Louis, which developed, owns and manages the two leading shopping malls in St. Louis. He succeeds John M. Gilchrist Jr. who retires March 31. The Hahn Co.
June 3, 2012 |
One of the most popular hotels in Hollywood is being acquired by Loews Hotels & Resorts, which plans a $26-million renovation of the inn at Hollywood & Highland Center. The Renaissance Hollywood Hotel & Spa will be rebranded as the Loews Hollywood Hotel after the sale closes later this month. Terms of the sale by landlord CIM Group were not disclosed, but hospitality industry experts familiar with the property valued the deal at about $165 million. Renovations will take place in phases over the next year to minimize disruptions for guests, Loews said.
August 20, 1999 |
Westfield America Inc., one of the nation's fastest-growing mall companies, bought the Palm Desert Town Center from TrizecHahn Corp. for $82 million, bolstering its position as the state's top shopping mall owner. Money for the acquisition came from an $86-million offering of convertible preferred stock. The 129-store mall will be remodeled and renamed the Westfield Shoppingtown Palm Desert, said Los Angeles-based Westfield America.
December 9, 1998 |
Spurred by redevelopment and rising property values in Hollywood, Frederick's of Hollywood has decided to sell its landmark Art Deco building on Hollywood Boulevard. Brokers are asking $4.5 million for the 1930s-era structure emblazoned with the lingerie company's shocking pink star, distinctive logo and awnings. The three-story building, which is listed on the National Register of Historic Places, houses the company's headquarters, retail store and a warehouse.
June 12, 2001 |
More than 350 U.S. Customs Service employees will move from their aging facility on Terminal Island late this year to one of downtown Long Beach's office high-rises. The General Services Administration has signed a 20-year lease relocating the Customs agency's Los Angeles/Long Beach Seaport Area Port of Entry operation to about 93,000 square feet at the 20-story Shoreline Square tower at 301 E. Ocean Blvd. The $63-million transaction between the GSA and landlord TrizecHahn Corp.
November 17, 1992 |
Peter Perrin, president of Bramalea California since 1980, has resigned to start his own development business. Perrin joined Canadian-based Bramalea Ltd. in 1974 and founded the California division 12 years ago. Bramalea is a major Southland builder specializing in luxury homes. In January it opened a project of $1-million to $2-million semi-custom homes in the Irvine Co.'s Newport Coast community. Leon Swails, president of Marlborough Development Corp.