Advertisement
YOU ARE HERE: LAT HomeCollectionsUnion Labor Life Insurance Co
IN THE NEWS

Union Labor Life Insurance Co

FEATURED ARTICLES
BUSINESS
March 26, 2002 | NANCY CLEELAND, TIMES STAFF WRITER
The Labor Department has sued a major union-backed financial services company, alleging it broke pension laws by making a $10-million investment of retirement funds in a shaky Las Vegas real estate venture. The suit alleges that the Union Labor Life Insurance Co., through its investment subsidiary Trust Fund Advisors Inc., used Laborers' International Union pension funds to buy 120 acres of land that was to be developed into residential building sites.
ARTICLES BY DATE
BUSINESS
March 26, 2002 | NANCY CLEELAND, TIMES STAFF WRITER
The Labor Department has sued a major union-backed financial services company, alleging it broke pension laws by making a $10-million investment of retirement funds in a shaky Las Vegas real estate venture. The suit alleges that the Union Labor Life Insurance Co., through its investment subsidiary Trust Fund Advisors Inc., used Laborers' International Union pension funds to buy 120 acres of land that was to be developed into residential building sites.
Advertisement
BUSINESS
July 25, 1997 | Jesus Sanchez
Los Angeles-based developer Maguire Partners and the investors that hold the debt on the Playa Vista property had previously said they would reach a definitive development agreement by today. But the day is expected to pass without a deal and negotiations will continue, according to Maguire Partners spokeswoman Peggy Moretti. "All parties remain hopeful" that a final deal will be reached soon, Moretti said.
BUSINESS
May 23, 1997 | (Jesus Sanchez)
Chase Manhattan Bank has sold 83% of the loan on the Playa Vista property near Marina del Rey to Morgan Stanley Group and Goldman Sachs & Co., executives for the investment banks said. The remainder of the mortgage loan has already been purchased by Oak Tree Financial. The loan and accumulated interest total about $200 million, but Chase Manhattan accepted only $84 million for the debt, according to people familiar with the deal.
BUSINESS
April 8, 1994 | FRANK SWOBODA, WASHINGTON POST
A lot has happened in the trucking industry since Life magazine warned its readers in the spring of 1959 that if Teamster President Jimmy Hoffa wanted to, he could "bring a major portion of U.S. transportation--and thus the entire economy--to a halt." With almost 90% of the nation's intercity trucks operating under Teamster contracts 35 years ago, the 1.6 million-member union had the power to choke off freight shipments almost anywhere. Not anymore.
BUSINESS
March 23, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
Los Angeles-based Farmers Insurance Group--the nation's No. 3 auto and home insurer--is hoping to fuel ambitious expansion plans with the help of the nation's biggest bank and the world's largest labor federation. Farmers this week announced partnerships with Bank of America and Ulico Insurance Group, a company that provides commercial insurance to the AFL-CIO and other unions representing more than 16 million workers.
BUSINESS
April 19, 1999 | JAMES BATES, TIMES STAFF WRITER
After more than three years of delays and frustrations, DreamWorks SKG is expected to announce this week that it has finally purchased 47 acres at Playa Vista, the biggest step in the company's efforts to build Hollywood's first major studio lot since the Great Depression. The $20-million purchase--paid with $13 million in cash and a $7-million note--could be announced as early as today or Tuesday.
BUSINESS
June 13, 1997 | JAMES BATES, TIMES STAFF WRITER
Financier and supermarket mogul Ron Burkle has expressed interest in becoming a partner in the troubled Playa Vista real estate project where DreamWorks SKG wants to build a studio, according to people close to the project. Burkle's interest is the latest twist in the saga of the much-hyped, $8-billion mixed-use project that each day teeters closer to unraveling altogether.
BUSINESS
November 9, 1996 | JAMES BATES, TIMES STAFF WRITER
Concerned that the much-touted Playa Vista project involving the DreamWorks SKG studio will fall apart, Los Angeles City Councilwoman Ruth Galanter on Friday had a strongly worded letter delivered to developer Robert Maguire that notes that valuable city tax and permit incentives hinge on DreamWorks' involvement.
NEWS
November 24, 1998 | JESUS SANCHEZ and JAMES BATES, TIMES STAFF WRITERS
After years of feuding and false starts, DreamWorks SKG on Monday announced it had signed a definitive agreement to build a $250-million studio and headquarters at Playa Vista, a sprawling real estate development that will rise near Marina del Rey. The agreement is a major milestone for a project that has been surrounded by hype as well as the promise of generating thousands of high-paying jobs and bolstering Los Angeles' position as the capital of the entertainment industry.
BUSINESS
July 3, 1997 | JAMES BATES and JESUS SANCHEZ, TIMES STAFF WRITERS
Parties in the troubled, $8-billion Playa Vista real estate project where DreamWorks SKG wants to build its studio lot said Wednesday that they have reached a preliminary agreement to develop the property, a move that would halt foreclosure proceedings and lay the foundation to possibly get the stalled development off the ground by year's end.
Los Angeles Times Articles
|