February 8, 2001 |
TrizecHahn Corp. said that it anticipates selling the Hollywood & Highland and Paseo Colorado developments--both under construction--after late 2002 to focus on its office and technology center properties. In addition, the Canadian developer said it will sell its ownership stake in Desert Passage, a giant Las Vegas shopping mall that opened last year. Hollywood & Highland--a retail, entertainment and hotel complex in the heart of Hollywood--is scheduled to open in November.
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.
December 25, 2001 |
Marriott International Inc. said the 637-room Renaissance Hollywood Hotel will open Wednesday as part of the massive Hollywood & Highland retail and entertainment complex. The 22-story hotel, at Highland Avenue near Hollywood Boulevard, was closed in April 1999 and underwent an extensive $130-million renovation and expansion by owner TrizecHahn Corp.
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.
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.
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.
June 8, 2002 |
Expanding its Los Angeles-area holdings, Trizec Properties Inc., the nation's second-largest owner of office space, said Friday that it had bought out its joint venture partner in the 41-story Ernst & Young Plaza in downtown Los Angeles for $112.4 million. New York-based Trizec bought the 75% of the complex it did not own from one of Goldman Sachs Group's Whitehall Street real estate funds. The deal values the property at Figueroa and 7th streets at about $149 million.
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.
May 18, 1989 |
In a deal that would make it the third-largest shopping mall manager in the nation, Hahn Co. has agreed to acquire most of the assets of an East Coast real estate firm. The acquisition from Kravco Co. of King of Prussia, Pa., is part of an effort by San Diego-based Hahn to greatly expand its presence in the East in coming years, Hahn President John Gilchrist said in a prepared statement. Although Hahn owns and manages shopping malls in New York, Maryland, New Jersey and Florida, most of its retail centers are in the West, with half in California.