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Article: Growth Drives City National to Office Market.(in California)(Brief Article)(Statistical Data Included)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 10, 2001
- Author:
CopyrightCOPYRIGHT 2001 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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City National Bank is shopping for 240,000 square feet of office space downtown or in Burbank where it can consolidate its back office banking operations.
The bank, which has 49 branches primarily in Southern California, has spent the last six months looking at several locations that can provide enough space to house the bank's cash vaults, check processing operations and main frame computers now scattered over five different locations. About 600 employees would work in the center.
The Beverly Hills-based bank is being represented by Lynn Williams of Cushman & Wakefield Inc., sources said, and is expected to make a decision by the end of the year. Any ...