LOS ANGELES-Locally based Hilton and other big names downgraded by UBS Warburg. Concerns include slowdown in revenue growth and travel cutbacks initiated by some large corporations.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.
ORANGE COUNTY, CA-Tighter lending standards pushed the number of newly built lodging facilities in California last year down nearly 40%, a research firm says. More of the same is expected in 2001.
ORANGE COUNTY, CA-R.W. Selby & Co., which oversees 17 properties across Southland, will refund $450,000 to tenants who may have been overcharged for cleaning and repairs after they moved out.
LOS ANGELES-Blum Capital Partners LP has scrapped plans to finance part of the acquisition with junk bonds and instead will use more floating rate debt. The move should provide big interest savings.
LOS ANGELES-A subsidiary of Korean conglomerate Hanjin pays $5.75 million for the 55,000-sf development and plans to convert it into a giant kitchen to make airline food.
LOS ANGELES-The real estate giant accepts sweetened, $16-a-share offer from Blum Capital Partners to go private. Deal is worth about $750 million in cash and assumed debt.