San Francisco Business Times articles from April 1998

San Francisco Business Times archives from April 1998

California Pacific bags Davies. (California Pacific Medical Center's acquisition of Davies Medical Center)
April 3, 1998... Rescue gives booming S.F. hospital room to grow A suddenly buoyant California Pacific Medical Center has agreed to acquire the Castro District's Davies Medical Center. Davies, a nationally renowned AIDS treatment center, posted losses of...

Montgomery taps brokerage trio to ease squeeze. (NationsBanc Montgomery Securities LLC)
April 3, 1998... Rapidly expanding NationsBanc Montgomery Securities LLC has quietly enlisted a triad of brokerages to resolve its looming downtown office crisis. The hired guns: Cushman & Wakefield in San Francisco, CB Madison Advisory Group of Foster City...

Culture clash: Texans horn in on PacTel. (Pacific Telesis Group's acquisition of SBC Communications Inc)
April 3, 1998... SBC takeover gives California phone company a distinct twang "Dilbert" had a place at Pacific Telesis. Penned by former Pacific Bell employee Scott Adams, the comic strip's acidic observations about working life in a big company resonated...

S.F. deal comes up golden for Shorenstein. (deal between CarrAmerica Realty Corp and Shorenstein Co)
April 3, 1998... CarrAmerica Realty Corp., still swooning over Bay Area real estate, is close to picking off its first piece of property in downtown San Francisco. The Washington, D.C.-based real estate investment trust has signed a letter of intent for Golden...

Lawyers drop suit. (dress code at Fenwick and West)
April 3, 1998... Firms taking a casual attitude to more than Fridays Lawyers wear suits. They just do. About a year ago, a handful of partners at Fenwick & West decided to take on that myth and lobby for a new dress code. Based in Palo Alto, the attorneys...

Paper maker erases debt from its books. (Crown Vantage Inc)
April 3, 1998... Oakland paper-producer Crown Vantage has struck a deal to dump a chunk of its heavy debt load to prepare for future profitability and expansion. The last Bay Area vestige of the once mighty Crown Zellerbach was spun off from corporate parent...

Kingsford cooks up deal to sell grills with its coals. (Kingsford Products Co's joint venture with UniFlame Inc to market charcoal grills)
April 3, 1998... Kingsford, the world's biggest seller of charcoal, has joined up with the industry's hottest manufacturer of modern charcoal grills to market a line of grills under the Kingsford name. Kingsford, a division of Oakland-based Clorox Corp., and...

Executive profile. (DHL Airways Chmn and CEO Patrick Foley)
April 3, 1998... Name: Patrick Foley. Title: Chairman and CEO. Company: DHL Airways Inc., the international air-express company, based in Redwood City. Education: Bachelor of science degree in education from Washington State University, graduated from...

Gap's Don Fisher chases Embarcadero Center. (Gap Chairman Don Fisher)
April 17, 1998... Retail mogul joins pursuit of billion-dollar office complex Gap Chairman Don Fisher is taking a run at San Francisco's prized Embarcadero Center complex. With about a week to go before a final selection is made, Fisher is teaming up with San...

NationsBank takes command. (acquisition of BankAmerica Corp.)(Creating America's Bank)
April 17, 1998... Bank America gets ready for taste of Southern charm With the acquisition of BankAmerica, NationsBank CEO Hugh McColl Jr. has finally realized his manifest destiny, a decade-long quest to build a coast-to-coast bank. BankAmerica's April 13...

BankAmerica won't lose its global spin. (merger with NationsBank Corp.)(Creating America's Bank)
April 17, 1998... Banking on America could soon be relegated to the back-seat position of banking on the world. In the merger this week between BankAmerica and Charlotte, N.C.-based NationsBank, BofA said it planned to move its headquarters to Charlotte but...

BofA office portfolio could flood Bay Area. (BankAmerica Corp.; San Francisco Bay Area)(Creating America's Bank)
April 17, 1998... Will they move the "banker's heart" to Charlotte, too? The mammoth slab of slick, black granite that sits outside BankAmerica's world headquarters on California Street isn't likely to be boxed and shipped east. Unfortunately, no one is as...

Chicago group likes Park Hyatt, wants to buy it for $110M. (Strategic Hotel Capital Inc.)
April 17, 1998... Deep-pocketed investment group Strategic Hotel Capital Inc. is under contract to buy San Francisco's 360-room Park Hyatt hotel for more than $110 million - its second Hyatt-flagged hotel purchase in two months. Chicago-based Strategic Hotel is...

Bay Area REITs get trampled by bull market. (real estate investment trusts)
April 17, 1998... If real estate is so hot, why are publicly traded real estate companies so cold? Despite a raging-bull stock market and soaring property values across the land, first quarter returns for real estate stocks were among the worst performing of...

H-P leads the Bay Area's roster of heavy hitters. (Hewlett Packard Corp.)
April 17, 1998... Palo Alto's Hewlett-Packard Corp. leads the List of the Largest Bay Area Public Companies for 1997, cementing a lead that has seesawed the last few years between it and San Francisco's Chevron Corp. H-P's dominance underscores the strength of...