Printer Friendly
The Free Library
14,504,849 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

HAIR-PRODUCT MAKER'S HQ ON BLOCK.


Byline: Gregory J. Wilcox Daily News Staff Writer

The owners of Sebastian International's headquarters have put the sprawling building in Warner Center up for sale but the hair-product company has no plans to move.

The asking price on the 98,287-square-foot facility at 6109 De Soto de So·to   , Hernando or Fernando 1496?-1542.

Spanish explorer who landed in Florida in 1539 with 600 men and set out to search for the fabled riches of the north.
 Ave., set on 3.66 acres, is $23.2 million.

It is owned by a partnership called 6109 De Soto Ltd.

Derek Graham, a broker at CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  Sherman Oaks office, said the building is a good investment because Sebastian is locked into what is known as a ``triple net'' lease on the property.

``This kind of product is attractive because of the strength of the tenant and these leases are low risk. There is no maintenance,'' Graham said.

That means that if the roof springs a leak (programming) leak - With a qualifier, one of a class of resource-management bugs that occur when resources are not freed properly after operations on them are finished, so they effectively disappear (leak out). This leads to eventual exhaustion as new allocation requests come in. , Sebastian has to pay for repairs, he said.

Sebastian recently moved a warehouse and distribution facility from Chatsworth to Ontario in San Bernardino San Bernardino, city, United States
San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854.
 County. But the company is firmly rooted in Woodland Hills, where management, research and development work is done, company officials said.

The headquarters building is unique because it contains an interactive rain forest exhibit inside.

``We have no intention of moving. Our building is really an integral part of who we are,'' said company spokeswoman Lisa Marie
For the daughter of Elvis Presley, see Lisa Marie Presley.


Lisa Marie Smith (born December 5, 1968 in Piscataway Township, New Jersey), more commonly referred to as simply Lisa Marie, is an American model and actress.
 Bongiovanni.
COPYRIGHT 1998 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Geographic Code:1USA
Date:Nov 6, 1998
Words:216
Previous Article:SUPERIOR SHAREHOLDERS APPROVE STOCK ISSUE TO FINANCE GROWTH.(Business)
Next Article:IN BRIEF.(Business)
Topics:



Related Articles
HQ Business Centers launched Long Island expansion at EAB. (EAB Plaza, Uniondale, New Jersey)
HQ Business Centers offers upscale address at affordable prices on LI. (Long Island)(Focus On: Long Island, Westchester & Upstate NY)
RUSSIA - Political Instability
Old time's sake. (Wall Street West).(Joico Laboratories Inc. is acquired by Zotos International)(Brief Article)
IN BRIEF.(Business)
WALL STREET'S HIGHS AND LOWS; THIRD-QUARTER RESULTS GUT-CHURNING AFTER YEARS OF BULL MARKET.(BUSINESS)
BIZWATCH : MARKETS.(BUSINESS)
BUSINESS NOTES.(BUSINESS)
Hotels: ranked by the number of guest rooms.(The List)
HQ Global's Rye expansion.(HQ Global Workplaces Inc)(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles