Column Financial Expands Nationwide Network With New Office in Los Angeles; Increases Presence in California to Three Offices.LOS ANGELES--(BUSINESS WIRE)--March 9, 1999--Column Financial Inc., one of Wall Street's largest and oldest real estate lending companies, today announced the opening of a new office in Los Angeles at 2121 Avenue of the Stars. Headquartered in Atlanta, Column Financial is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Donaldson, Lufkin & Jenrette Inc. (NYSE NYSE See: New York Stock Exchange :DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal ). Column has 14 offices throughout the county. Anand Kapadia will head the new office. Kapadia previously worked in the firm's Newport Beach office. The Los Angeles office will be part of Column's Western Region, which is headquartered in Newport Beach and includes offices in San Francisco and Seattle. "This expansion is in line with our philosophy that real estate financing requires the lender to be close to the client," said Kieran P. Quinn, president, Column Financial. "We can offer better service from a local office as we are able to visit a property within hours of the receipt of a loan package. Our clients know we are available for follow-up discussions and we can deliver a prompt and highly reliable response. Our originators have a greater understanding of the nuances of a local market or a specific neighborhood if they are living in it every day." With offices in Atlanta; Bethesda, Md.; Chicago; Cleveland; Dallas; Denver; Hollywood, Fla.; Houston; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ; Newport Beach, Calif.; Norwalk, Conn.; San Francisco; Seattle; and now Los Angeles, Column has a commanding national presence in the loan origination business. The company's primary business function is to originate, underwrite and close all types of commercial mortgage loans. Column Financial acted as the principal lender for more than $2.5 billion in mortgages in 1998. Column Financial Inc. was created in 1993 as a joint venture between DLJ and Equitable Real Estate and became a wholly owned DLJ subsidiary in June 1997. For more information on Column Financial, refer to the company's World Wide Web site at http://www.columnfinancial.com or reach your local office by calling 888/225-7945. Donaldson, Lufkin & Jenrette is a leading integrated investment and merchant bank serving institutional, corporate, government and individual clients. DLJ's businesses include securities underwriting; sales and trading; investment and merchant banking; financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal ; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. Founded in 1959 and headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , DLJ employs approximately 8,500 people worldwide and maintains offices in 14 cities in the United States and 11 cities in Europe, Latin America and Asia. The company's common stock trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors DLJ. For more information on Donaldson, Lufkin & Jenrette, refer to the company's World Wide Web site at http://www.dlj.com. |
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