September 25, 2001 |
TrizecHahn Corp., a Canadian real estate company headed by financier Peter Munk, said it's forming a real estate investment trust that will own its U.S. office assets and benefit from U.S. tax laws. The creation of the REIT is part of a plan by TrizecHahn to focus on its U.S. office properties and sell the rest of its assets, spokesman Rick Matthews said.
September 20, 2001 |
Los Angeles-based real estate developer Maguire Partners and Canadian real estate company TrizecHahn Corp. on Wednesday said they had ended negotiations to create a joint venture. TrizecHahn said it suspended talks "until further notice" that would have resulted in the Canadian company acquiring a majority stake in one of Los Angeles' largest development companies. The Toronto-based company issued the announcement after the Wall Street Journal reported that an agreement had been reached.
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.
November 21, 2000 |
The developers and operators of Staples Center in downtown Los Angeles have been hired to manage the new 4,000-seat theater that will serve as the permanent home for the Academy Awards show in Hollywood. Anschutz Entertainment Group will manage the Kodak Theatre as part of a partnership formed with Canadian developer TrizecHahn Development Corp., which is building the theater as part of the $567-million Hollywood & Highland real estate project.
October 17, 2000 |
After building countless suburban shopping malls, real estate giant TrizecHahn is betting hundreds of millions of dollars that Southern Californians are ready for something different. Hollywood & Highland, a $560-million retail and entertainment complex that will serve as the permanent home for the Academy Awards show, is being built in Hollywood by TrizecHahn's development arm.
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.