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Western National Group

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BUSINESS
September 1, 1994 | Debora Vrana, Times staff writer
Western National Group, the largest apartment developer and manager in Orange County, has cleared the first big hurdle on its way to forming a real estate investment trust. The company said it recently received approval from the state Department of Corporations to apply for consolidation of the assets and liabilities of its 65 existing partnerships, clearing the way for Securities and Exchange Commission approval of the REIT financing.
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BUSINESS
January 6, 2013 | By Roger Vincent
Irvine developer Western National Realty Advisors bought a 206-unit apartment complex in Long Beach for $46 million. Western National bought the property at 1613 Ximeno Ave. from Archstone, a Colorado apartment developer and operator. The new owners named the complex built in the 1980s the Landing at Long Beach. Western National plans to update the 145,000-square-foot garden-style complex, said Jerry LaPointe, vice president of Western National Realty Advisors, an affiliate of apartment investor Western National Group.
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BUSINESS
July 14, 1994 | DEBORA VRANA, TIMES STAFF WRITER
Signaling a continued shift toward home building, the Santa Margarita Co. said Wednesday that it will own 55% of a home construction concern created in the merger of two local firms. Called the San Juan Group of Cos., the new company combines Western National Homes, the apartment and home building arm of Western National Group, the largest apartment developer and manager in Orange County, and the San Juan Group, a home builder owned by the Santa Margarita Co.
BUSINESS
December 16, 2012 | By Roger Vincent
A 312-unit, gated residential property in Corona has has been sold as demand for apartments in the Inland Empire grows, a real estate brokerage said. Irvine apartment developer and manager Western National Group bought the garden-style Parcwood Apartment Homes complex at 1700 Via Pacifica from Essex Property Trust, according to broker Jones Lang LaSalle. The new owners are expected to upgrade the 1980s-era property and raise rents. Terms of the transaction were not disclosed, but a real estate expert familiar with the property valued the deal at $43 million.
BUSINESS
November 18, 1995 | DEBORA VRANA, TIMES STAFF WRITER
Blaming the real estate downturn, two Orange County real estate giants, Santa Margarita Co. and Western National Group, have called off their planned merger. Announced in January, the merger of major landowner and developer Santa Margarita Co. and apartment manager Western was expected to create one of the state's largest real estate concerns.
BUSINESS
March 4, 1993 | JOHN O'DELL, TIMES STAFF WRITER
Open houses are nothing new. Developers and real estate agents have used them for years to attract customers. But Western National Group, the Orange-based apartment developer, added a new twist with an open house last week exclusively for potential lenders. By getting the lenders out to the building sites to examine the property after renters have started moving in, company officials hope to break down some of the anti-apartment prejudice that has developed over the years.
BUSINESS
March 1, 1994
Western National Group, Orange County's largest apartment developer and manager, said it has acquired the entire apartment portfolio of Kemper Residential Management for an undisclosed sum. Western's first nationwide acquisition adds 17 apartment complexes with 3,419 units to its holdings, bringing its total apartments under management to 27,000, the company said.
BUSINESS
December 15, 1997
* Jeffrey R. Scott has been appointed chief financial officer for Western National Group, an Irvine real estate company consisting of Western National Property Management, Western National Construction and Western National Properties. Scott, who joined the company in 1985, had been senior vice president. John C. Atherton has been appointed president of Western National Construction. He had been senior vice president. Also, Rex F. DeLong is the new president of Western National Properties.
BUSINESS
January 6, 2013 | By Roger Vincent
Irvine developer Western National Realty Advisors bought a 206-unit apartment complex in Long Beach for $46 million. Western National bought the property at 1613 Ximeno Ave. from Archstone, a Colorado apartment developer and operator. The new owners named the complex built in the 1980s the Landing at Long Beach. Western National plans to update the 145,000-square-foot garden-style complex, said Jerry LaPointe, vice president of Western National Realty Advisors, an affiliate of apartment investor Western National Group.
BUSINESS
January 26, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
The merger announced Wednesday by Santa Margarita Co. marks a milestone in the long, colorful history of one of Orange County's pioneer families. The company said Wednesday that it will join forces with apartment management giant Western National Group to form one of the state's biggest real estate concerns. But the O'Neill-Moiso family that founded Santa Margarita had made its name known long before that.
BUSINESS
December 15, 1997
* Jeffrey R. Scott has been appointed chief financial officer for Western National Group, an Irvine real estate company consisting of Western National Property Management, Western National Construction and Western National Properties. Scott, who joined the company in 1985, had been senior vice president. John C. Atherton has been appointed president of Western National Construction. He had been senior vice president. Also, Rex F. DeLong is the new president of Western National Properties.
BUSINESS
November 18, 1995 | DEBORA VRANA, TIMES STAFF WRITER
Blaming the real estate downturn, two Orange County real estate giants, Santa Margarita Co. and Western National Group, have called off their planned merger. Announced in January, the merger of major landowner and developer Santa Margarita Co. and apartment manager Western was expected to create one of the state's largest real estate concerns.
BUSINESS
September 2, 1995 | DEBORA VRANA, TIMES STAFF WRITER
In a move that will give it a national presence, Orange County's biggest apartment manager, Western National Group, said Friday that it has formed a joint venture with a Chicago-based commercial property manager. The new property-management venture with Jupiter Realty Group of Chicago will be called Jupiter Western National and will be based in Orange, a Western spokeswoman said. It becomes the 14th-largest apartment manager in the United States.
BUSINESS
September 2, 1995 | DEBORA VRANA, TIMES STAFF WRITER
In a move that will give it a national presence, Orange County's biggest apartment manager, Western National Group, said Friday that it has formed a joint venture with a Chicago-based commercial property manager. The new property-management venture with Jupiter Realty Group of Chicago will be called Jupiter Western National and will be based in Orange, a Western spokeswoman said. It becomes the 14th-largest apartment manager in the United States.
BUSINESS
August 17, 1995
Steven F. Hallsey has been appointed president of property management for Western National Group, an Orange-based property management and development company. He is responsible for the day-to-day management of more than 26,000 apartment properties in Southern California and for overseeing the operations of RGS, a maintenance services company. Hallsey was previously president of Harbor Group Real Estate Co. in Norfolk, Va.
NEWS
January 26, 1995 | CHRIS WOODYARD and JAMES S. GRANELLI, TIMES STAFF WRITERS
Santa Margarita Co., the ranching and land development concern founded by two Orange County pioneers more than 100 years ago, said Wednesday it will merge with the county's biggest apartment developer and manager, creating one of the state's largest real estate companies. Santa Margarita and Western National Group had already tested a consolidation last summer by merging their home-building operations. "They have had a six-month engagement," said Irvine real estate consultant Ken Agid.
BUSINESS
February 25, 1994 | DEBORA VRANA, SPECIAL TO THE TIMES
Western National Group, the largest apartment developer and manager in Orange County, expects to go public with a real estate investment trust offering, according to documents filed with the state.
BUSINESS
September 2, 1995 | DEBORA VRANA, TIMES STAFF WRITER
In a move that will give it a national presence, Orange County's biggest apartment manager, Western National Group, said Friday that it has formed a joint venture with a Chicago-based commercial property manager. The new property-management venture with Jupiter Realty Group of Chicago will be called Jupiter Western National and will be based in Orange, a Western spokeswoman said. It becomes the 14th-largest apartment manager in the United States.
BUSINESS
January 26, 1995 | CHRIS WOODYARD and JAMES S. GRANELLI, TIMES STAFF WRITERS
Santa Margarita Co., the family-owned ranching and land development concern that has been a driving force behind the rapid growth in southern Orange County, said Wednesday that it will merge with apartment builder Western National Group, creating one of the state's largest real estate companies. The two firms had already tested a consolidation last summer by merging their home-building operations. "They have had a six-month engagement," said Irvine real estate consultant Ken Agid.
BUSINESS
January 26, 1995 | JAMES S. GRANELLI and JOHN O'DELL, TIMES STAFF WRITERS
Sensing that a real estate downturn was coming, Western National Group stopped buying land in 1987 and instead offered its development and building skills for a fee to others. The change was propitious. Southern California's worst recession since the Great Depression choked numerous builders and developers. But privately held Western National earned more than $10 million in 1992 and 1993--the two worst years of the recession.
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