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Vestar Development Co

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CALIFORNIA | LOCAL
October 5, 1996 | EFRAIN HERNANDEZ JR., TIMES STAFF WRITER
An Arizona development company has agreed to buy a roughly 103-acre site from Lockheed Martin Corp. that city planners consider the cornerstone of the planned Media District North, officials said Friday. Vestar Development Co. of Phoenix has agreed to purchase the parcel, which has been controversial because of neighbors' concerns over contamination, and a sale may be finalized by the end of the month, city and Lockheed officials said.
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CALIFORNIA | LOCAL
December 16, 1996 | JILL LEOVY, SPECIAL TO THE TIMES
Many cities wouldn't hesitate at the deal offered by developers here last week: a simple zone change to allow a dozen or so retail superstores to ring up millions of dollars in sales tax each year. If that were not enough, the new stores would be built on the site of the old Lockheed plant, now closed. But in Burbank, the reaction so far is tepid. "We are not as desperate as some cities," said City Manager Robert R. Ovrom.
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CALIFORNIA | LOCAL
December 16, 1996 | JILL LEOVY, SPECIAL TO THE TIMES
Many cities wouldn't hesitate at the deal offered by developers here last week: a simple zone change to allow a dozen or so retail superstores to ring up millions of dollars in sales tax each year. If that were not enough, the new stores would be built on the site of the old Lockheed plant, now closed. But in Burbank, the reaction so far is tepid. "We are not as desperate as some cities," said City Manager Robert R. Ovrom.
CALIFORNIA | LOCAL
October 5, 1996 | EFRAIN HERNANDEZ JR., TIMES STAFF WRITER
An Arizona development company has agreed to buy a roughly 103-acre site from Lockheed Martin Corp. that city planners consider the cornerstone of the planned Media District North, officials said Friday. Vestar Development Co. of Phoenix has agreed to purchase the parcel, which has been controversial because of neighbors' concerns over contamination, and a sale may be finalized by the end of the month, city and Lockheed officials said.
CALIFORNIA | LOCAL
November 16, 1999
Vestar Development Co. announced that Glendale Fashion Center will reopen in early summer 2000. The retail center had been red tagged after the Northridge earthquake in 1994. Vestar acquired the site and is building a 264,000-square-foot $70-million center. Vestar is also rebuilding the adjacent parking structure owned by the city of Glendale and leased to Vestar using $6.8 million in federal funds from the Federal Emergency Management Agency.
BUSINESS
October 2, 2001 | Jesus Sanchez
Wal-Mart Stores Inc. plans to open an outlet in the Pico Rivera Towne Center in August 2002. The site of the 650,000-square-foot shopping center at Washington and Rosemead boulevards is a portion of the former Northrop Grumman aerospace plant. Phoenix-based Vestar Development Co. owns the Pico Rivera property in addition to retail centers in nearby Norwalk and Paramount. The 55-acre Pico Rivera shopping center also includes Lowe's Home Improvement, Marshall's, Ross and Staples.
BUSINESS
January 9, 2001
Irvine-based Sares-Regis Group has obtained approval from the Pico Rivera City Council for a 160-acre industrial and retail development at a former Northrop Grumman aerospace facility at the southwest corner of Washington and Rosemead boulevards. City officials expect Sares-Regis to begin demolishing existing buildings at the site in the spring and begin construction by late summer, said Ann Negendank, Pico Rivera assistant city manager.
BUSINESS
March 3, 1999 | A Times Staff Writers
Lockheed Martin has selected Los Angeles-based developer Zelman Cos. to create a retail-office complex on a 103-acre Burbank site next to the Golden State Freeway, company officials said. Zelman won out over at least two rival developers, including Phoenix-based Vestar Development Co., which announced plans to develop the site more than two years ago but allowed a December deadline for completing escrow to pass without finishing the deal. At that time, Bethesda, Md.
CALIFORNIA | LOCAL
March 8, 1997 | KIMBERLY BROWER
Plans for a new movie theater and shopping center at Junipero Serra Road and Camino Capistrano will be unveiled Monday at a City Hall public workshop. Phoenix-based Vestar Development Co. will discuss its project proposal for the 29-acre site, a vacant lot where the city's annual rodeo used to take place. The developer's plans call for a community retail center, including a 136,000-square-foot store, similar to a Wal-Mart or Target, and a stadium-type movie theater.
CALIFORNIA | LOCAL
November 8, 2000 | CATHERINE BLAKE
Camarillo may be home to another mall near the freeway when a 45-acre parcel is sold by one developer to another in coming months. Vestar Development Co. is buying a site at the foot of Camarillo Airport, at the corner of Las Posas Avenue and Ventura Boulevard, from Prime Retail Inc. A 300,000-square-foot retail center will be built next to the existing Edwards Theatres complex, which is adjacent to the rival Camarillo Premium Outlets.
CALIFORNIA | LOCAL
March 5, 1997
The Glendale City Council on Tuesday chose Donahue Schriber, the developer of the Glendale Galleria, to spearhead the Town Center, the city's largest retail development in 15 years. Acting as directors of the Glendale Redevelopment Agency, the council voted 4 to 0 to negotiate exclusively with the Newport Beach company to hammer out a development agreement for the project, which could cost more than $100 million.
CALIFORNIA | LOCAL
May 14, 1998
A developer who is converting a former defense industry plant into a 27-acre retail complex in Harbor Gateway broke ground on the project Wednesday and announced plans to open the center in early 1999. Phoenix-based Vestar Development Co. is turning the former McDonnell Douglas plant on the corner of 190th Street and Normandie Avenue into the Harbor Gateway Center, a multipurpose retail complex.
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