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Article: Rand to develop its ocean view land. (Rand Corp.)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 29, 1997
- Author:
CopyrightCOPYRIGHT 1997 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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After sitting essentially idle for nearly two decades, a project to transform Rand's 15-acre ocean view headquarters property in Santa Monica into a major office and residential park is suddenly and rapidly moving forward.
The public policy research institute has contemplated its project several times, but Rand's financial fortunes and the real estate development cycle never seemed to be in sync. Until now.
"Some people would probably categorize the Rand development as a project that's permanently on paper," said Iao Katagiri, Rand's deputy vice president and project manager for development. "But now is the time. We finally have the opportunity to do it."
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