January 24, 2001 |
* 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.
October 10, 1989 |
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.
July 27, 1988 |
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.
January 3, 1990 |
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.