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BUSINESS
July 12, 1989 | LESLIE BERKMAN, Times Staff Writer
The Koll Co. of Newport Beach said Tuesday that it has joined with a private investor to acquire $300 million worth of industrial and office properties, including 16 in Orange County, from a publicly traded real estate investment trust. The big commercial building firm said it has purchased the entire real estate property portfolio of the Wells Fargo Mortgage & Equity Trust, based in San Francisco, in partnership with William L. Davis of Santa Monica.
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BUSINESS
July 12, 1989 | LESLIE BERKMAN, Times Staff Writer
The Koll Co. of Newport Beach said Tuesday that it has joined with a private investor to acquire $300 million worth of industrial and office properties, including 16 in Orange County, from a publicly traded real estate investment trust. The big commercial building firm said it has purchased the entire real estate property portfolio of the Wells Fargo Mortgage & Equity Trust, based in San Francisco, in partnership with William L. Davis of Santa Monica.
BUSINESS
January 24, 2001 | Bloomberg News
* Wells Fargo & Co. said Chairman Paul Hazen will retire in April, ending a 31-year banking career. Chief Executive Richard Kovacevich will add the title to his position. Hazen, 59, became the bank's chairman after Kovacevich's Minneapolis-based Norwest Corp. bought the old Wells Fargo in November 1998, taking its name and moving its headquarters to San Francisco. Hazen plans to retire after the board meets April 24.
BUSINESS
October 10, 1989 | MICHAEL FLAGG, Times Staff Writer
Koll Construction has become so large that it is dividing itself. The Newport Beach-based company, with construction volume of $650 million this fiscal year, said Monday that it has created two regions under the supervision of two new senior vice presidents. Victor D. Laidlaw was promoted to senior vice president in charge of a new southern region with offices in Los Angeles, Newport Beach, San Diego and Phoenix. Andrew J.
BUSINESS
July 27, 1988 | MICHAEL FLAGG, Times Staff Writer
The Koll Co., a large Newport Beach developer, has offered to buy dozens of industrial buildings owned by Wells Fargo Mortgage & Equity Trust for $146 million. The publicly traded real estate investment trust said Tuesday that its trustees had agreed to negotiate a possible sale of the properties to Koll, which already owns $3 billion worth of property in the western United States.
BUSINESS
January 3, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
In its largest transaction ever, Koll Co. agreed Tuesday to pay $532 million to buy property in 19 states from Union Pacific Corp, the nation's second-largest railroad company. After several months of negotiations, Koll agreed to buy 15,000 acres and 30 buildings, much of it in industrial neighborhoods. Koll, a large real estate developer and one of the West Coast's largest property owners, plans to build on the land.
BUSINESS
March 13, 1990 | From Times Staff Reports
The Koll Co. said Monday that its attempt to acquire a real estate unit from Union Pacific Corp. for $532 million had fallen through because the railroad holding company rejected the developer's financing package. The two firms tentatively agreed to the huge real estate transaction involving more than 15,000 acres and 30 industrial buildings in early December. It would have been the largest real estate deal ever for Newport Beach-based Koll. "The financing package that Koll Co.
BUSINESS
November 16, 1989 | MICHAEL FLAGG, TIMES STAFF WRITER
The Koll Co. is negotiating to buy thousands of acres in the Midwest and on the West Coast from Union Pacific Corp., the giant railroad company, in a deal that could total several hundred million dollars, analysts and real estate sources said Wednesday. Neither company would confirm the talks. But Union Pacific said last week it had given Koll exclusive rights for eight days to look at the real estate and make an offer. That period expired Friday with no further word from either company.
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