Maxicare signed deal for new headquarters on Flower Street.Maxicare signed deal for new headquarters on Flower Street DOWNTOWN L.A. -- Maxicare Health Plans Inc., the health maintenance organization that filed for Chapter 11 bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection last March, has relocated re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. its LAX-area corporate headquarters to the Transamerica Center at 1150 S. Flower St. Maxicare signed a $6.2 million, five-year lease for 86,000 square feet in the 1.2 million-square-foot complex, which is now 95 percent leased. Representing Maxicare in the deal were Drew Planting and Frank Franzese of Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck) & Wakefield Wakefield, estate, United States Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the George Washington Birthplace National Monument (see National Parks and Monuments, table). of California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Inc. Representing the building's owner, Transamerica Corp., was Brian Edwards, also of Cushman & Wakefield. While downtown L.A. office space is usually more expensive than comparable space in the LAX area, Maxicare is actually paying a lower rate on its new space, Planting reported. The new space was leased for about $1.20 a square foot per month, vs. about $1.40 a square foot Maxicare was paying on its former LAX-area space. Meanwhile, the 260,000 square feet of space Maxicare vacated at the Union Bank Center at 5200 W. Century Blvd. near LAX remains virtually empty, Planting said. |
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