Prudential Securities might leave L.A.Prudential Securities Inc. is considering moving its 30-person regional office from downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or to Orange County when its current lease expires next year. Executives of the brokerage firm have toured Newport Beach's Fashion Island area and offices near John Wayne Airport John Wayne Airport (IATA: SNA, ICAO: KSNA, FAA LID: SNA) is located at 18601 Airport Way, Santa Ana, CA 92707. Other nearby cities include Newport Beach, Costa Mesa, and Irvine. . Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. is a leading candidate for the relocation, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. company insiders. Company officials acknowledge they are considering a move and are looking at sites in Orange County, among others. "We are studying alternative sites," Prudential Securities spokeswoman Jane Ingalls said from the company headquarters in 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 . Tom Hirsch, Prudential's regional sales manager in Los Angeles, called prospects of moving to Orange County "tentative, at best." However, Hirsch said Orange County appeals to Carrington Clark, the area regional manager. He said Clark feels Orange County is more centrally situated. The regional office covers San Diego, as well as Los Angeles and Orange County. In fact, it was in San Diego until moving to Los Angeles a few years ago. "I don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. what will happen. But if they tell me to move to Newport, that's fine," Hirsch said. Prudential's Pacific South Regional office leases 6,000 square feet at 515 S. Figueroa St. It is one of eight such offices nationwide. The office oversees 30 retail brokerages in Southern California, Arizona and Hawaii. Three are in Orange County, nine in Los Angeles County and three in San Diego County. Prudential officials said a decision is expected in the coming months on whether and where to move the operation. Franklin Morgan, administrative manager of the regional office, said no move would occur before next spring. Prudential Securities, a subsidiary of Prudential Insurance Co. of America, has 300 offices and 17,000 employees worldwide. -- Greenberg is a staff reporter for the Orange County Business Journal  An editor has expressed concern that this article or section is .Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion