202:. Hertz began litigation with its insurance company over the cost of repairs. In mid-2022, almost two years after Hurricane Laura, the City of Lake Charles declared the office tower a blighted property in an attempt to force Hertz Investment Group to begin repairs to the building, and then joined the lawsuit between Hertz Investment Group and the insurance provider to protect the city from having to pay the estimated $ 20 million cost of demolition if Hertz abandoned the building. Hertz settled the lawsuit the following year but was unable to sell the building, and it was demolished in 2024.
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became increasingly prevalent. On August 27, 2020, Judah Hertz stepped down as chairman and CEO. His son Zev Hertz took over five days later. In 2021, the company began investing in residential real estate and apartment buildings.
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had unpaid electric and water bills. The building was posted with cutoff notices after the electric bill reached $ 455,000 and the water bill was outstanding at $ 21,000.
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227:"Hertz Investment Group Completes Acquisition of 14 Premier Commercial Real Estate Assets from Parkway Properties"
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254:"As real estate prices plunge across the country, investor Judah Hertz says he's happy in low-key New Orleans"
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for $ 19.5 million in 2011. In 2012, the company defaulted on a loan secured by an office building in
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371:"Owner of Jacksonville's Bank of America tower acquires $ 417.4 million Southeast portfolio"
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392:"Chicago REIT sells North Point as part of $ 417 million deal to Hertz Investment Group"
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453:"'Demoralizing': Lake Charles joins legal battle over hurricane-battered skyscraper"
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413:"Disquiet at a dynasty: Inside the succession drama at Hertz Investment Group"
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434:"A year after Hurricane Laura, Lake Charles fears becoming 'expendable'"
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for sale. In 2015, the company acquired 6 office buildings in the
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308:"Commerce Tower owner's default sends building into receivership"
133:. The company acquired Bridgewater Place, an office building in
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is a real estate investment company. The company was founded by
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287:"Former Hyatt on Capitol Square formally becomes a Sheraton"
486:"Regions Tower SWEPCO bill paid; water bill still overdue"
472:"A look back at the history of the Capital One Tower"
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411:Larsen, Keith; Jones, Sasha (September 8, 2021).
155:In 2016, the company acquired 4 office towers in
110:In 2003, the company acquired four buildings in
167:totaling more than 3 million square feet from
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531:Privately held companies based in California
171:'s Equity Commonwealth for $ 416.9 million.
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526:Companies based in Santa Monica, California
506:Real estate companies of the United States
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521:Real estate companies established in 1979
285:Rose, Marla Matzer (September 1, 2011).
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16:American real estate investment company
470:Johnson, Amanda (September 5, 2024).
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306:Vockrodt, Steve (January 27, 2012).
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511:1979 establishments in California
390:Bullard, Stan (August 29, 2016).
348:Schooley, Tim (August 11, 2014).
140:In 2014, the company offered the
451:Maschke, Alena (July 25, 2022).
369:Thurlow, Andrew (June 9, 2015).
350:"Gateway Center put up for sale"
327:Harger, Jim (January 25, 2013).
118:at a cost of $ 36 million.
432:Smith, Mike (August 25, 2021).
376:American City Business Journals
355:American City Business Journals
313:American City Business Journals
252:Moran, Kate (March 15, 2009).
205:In 2024, the Regions Tower in
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516:Companies established in 1979
78:Zev Hertz (CEO and chairman)
40:; 47 years ago
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67:Woodland Hills, California
488:. KTBS. August 26, 2024.
192:Lake Charles, Louisiana
150:Southeast United States
135:Grand Rapids, Michigan
101:Hertz Investment Group
20:Hertz Investment Group
292:The Columbus Dispatch
207:Shreveport, Louisiana
152:for $ 417.4 million.
125:at Capitol Square in
121:The company sold The
397:Crain Communications
116:Simon Property Group
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259:The Times-Picayune
188:Capital One Tower
176:COVID-19 pandemic
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268:. Retrieved
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235:. Retrieved
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157:Indianapolis
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63:Headquarters
270:February 2,
180:remote work
174:During the
131:Kansas City
112:New Orleans
105:Judah Hertz
90:.hertzgroup
57:Judah Hertz
29:Real estate
500:Categories
213:References
146:Pittsburgh
74:Key people
186:In 2020,
165:Cleveland
161:Milwaukee
137:in 2013.
107:in 1977.
169:Sam Zell
25:Industry
474:. KPLC.
83:Website
53:Founder
43: (
35:Founded
237:2 June
163:, and
200:Delta
196:Laura
123:Hyatt
272:2019
239:2020
198:and
92:.com
45:1977
38:1977
190:in
144:in
88:www
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