Making the grade.The Los Angeles Unified School District The Los Angeles Unified School District (the "LAUSD") is the largest (in terms of number of students) public school system in California and the second-largest in the United States. Only the New York City Department of Education has a larger student population. has hired a team of Equis Corp. and Pacifica Services Inc. to replace Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Co. as its real estate advisor. Scott Graham, LAUSD's director of leasing and asset management, said when Trammell Crow's contract expired, the School District went through a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process that resulted in Equis and Pacifica receiving the lucrative contract. "Trammell Crow did an excellent job," Graham said. "Equis and Pacifica are stepping into big shoes." The School District has about 300 long-term leases and another 200 leases that are on a month-to-month basis, Graham said. Equis and Pacifica won't be involved in the district's $15.2 billion building and modernization project, which is being handled internally by LAUSD LAUSD Los Angeles Unified School District (Los Angeles, CA) staff. Bruce Hoffman, a senior vice president in Equis' L.A. office, said the company is evaluating the district's leases, looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. areas to consolidate and trim costs. "First and foremost we want to make sure all the important dates are met, whether it's termination, renewal or an expansion," Hoffman said. Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225, ext. 263, or by e-mail at afixmer@labusinessjournal.com. |
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