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Here and gone: mid-Wilshire was once home to these companies.


Beneficial Standard Life Insurance

3700 Wilshire Blvd.

BUILT in 1970 to house Beneficial's insurance operations and sold to Bechtel Group in the late 1970s. Beneficial Life was sold to California Federal in 1985, then to Conseco in 1991. By then, all Beneficial Life operations in the building had ceased. The building was sold again in 1988 to a group of private investors, then went into foreclosure foreclosure

Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract.
 in the early 1990s and was purchased by Jamison Properties. It now has a mixture of ethnic Korean, non-profit and other professional service tenants.

Equitable Life Equitable Life may refer to:
  • The Equitable Life Assurance Society, life insurance company in the United Kingdom
  • AXA Equitable Life Insurance Company, formerly the The Equitable Life Assurance Society of the United States
 Insurance Co.

3435 Wilshire Blvd.

EQUITABLE built and occupied the building in 1969. It was then sold to a private investment group in the late 1970s. Much of Equitable's operations moved out in the late 1980s. (The company was renamed Axa Equitable in 2004.) In mid-1990s, the property was sold to David Lee David Lee may refer to:
  • David Lee (physicist), (b. 1931) a Nobel Prize winning physicist
  • David S. Lee (business), (b. c1938) CEO of eOn Communications Corporation
  • David Lee (Baltimore Colts), (b. 1943) former Baltimore Colts punter
  • David Lee (politician), (b.
. It now houses California Center Bank, government tenants--including the state of California--non-profits and small professional firms.

Pacific Indemnity Insurance indemnity insurance Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments  Co.

3200 Wilshire Blvd.

CHUBB Group of Insurance Cos. bought Pacific Indemnity in the late 1970s. The building was then sold to a private investment group. Chubb moved its offices to downtown L.A. in L.A. In is a compilation of studio recording by Various Artists. It was originally released in 1979 as an LP by Rhino Records. Track listing

 
Side One
The Kats
 the late 1980s. The building was foreclosed by Chase Bank in the early 1990s; then Dr. David Lee's Jamison Properties bought it out of foreclosure. The building now has a mix of tenants, including the County of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , small financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 firms and Korean businesses.

Pierce National Life insurance Co.

3807 Wilshire Blvd.

BUILT for Pierce in 1970-71, the building was sold in the late 1980s to a Korean investor. Pierce eventually was acquired by Fortis Benefits Insurance Co. and employees moved to other Fortis offices. The building went into foreclosure in the early 1990s and was acquired by Dr. David Lee's Jamison Properties. Renamed Wilshire Court Financial Center, it now has mix of financial service tenants, state and county offices and non-profits.
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Title Annotation:Beneficial Standard Life Insurance Co., American General Life and Accident Insurance Co. and Pierce National Life Insurance Co.
Author:Fine, Howard
Publication:Los Angeles Business Journal
Geographic Code:1USA
Date:Aug 22, 2005
Words:323
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