Pasadena Building Sold to Electric Company
Macor Office Venture, Newport Beach, a subsidiary of the Travelers Insurance Co., has sold the Crossroads Office Building at 297 N. Marengo Ave. in Pasadena, for $3.5 million. The buyer, LACO Electric Inc., is moving its administrative headquarters to that location from the MacArthur Park area of Los Angeles.
For the record:
12:00 a.m. April 17, 1988 For the Record
Los Angeles Times Sunday April 17, 1988 Home Edition Real Estate Part 8 Page 2 Column 3 Real Estate Desk 2 inches; 37 words Type of Material: Correction
Marcor Office Venture, Newport Beach, is a joint-venture partnership of Alison Development Co. and the Prospect Co. The latter firm is not a subsidiary of the Travelers Insurance Co., as was stated March 27 as result of erroneous information supplied to The Times.
