Catellus Development Corporation
Formerly | Santa Fe Pacific Realty (1984-1989) |
---|---|
Company type | Realtor |
Genre | Property development |
Founded | 1984 (as Santa Fe Pacific Realty) |
Headquarters | |
Area served | Contiguous United States |
Website | catellus.com |
Catellus Development Corporation is an Emeryville, California based real estate developer founded in 1984 to be the real estate division of Santa Fe Pacific Corporation, as part of the Santa Fe–Southern Pacific merger. It was spun off into its own company in 1989, after the two railroads split. Catellus created contemporary developments throughout California, including Mission Bay and Alameda Landing in the San Francisco Bay Area.[1] Catellus was also a proponent of the Emery Go-Round tram network.
History
In 1984, the Atchison, Topeka and Santa Fe Railway and the Southern Pacific Lines announced plans to merge all their assets into a single railway. As part of the merger, Santa Fe Pacific Realty, the real estate arm, was incorporated after the announcement. In 1986, the Interstate Commerce Commission denied the merger, as it would have created a monopoly on mainline freight movements in California and its bordering states.[2] As a result, the two railroads split in 1988. The real estate arm was spun off in 1989 and was renamed Catellus Development Corporation to manage the stations and land parcels next to the railroad tracks remaining under their ownership. It would later come to own numerous properties across the continent. Catellus became independent from Santa Fe Pacific in 1990.[3]
Between 1999 and 2004, The Wildlands Conservancy acquired more than 587,000 of lands in the Mohave Desert from Catellus and donated it to the National Park Service and Bureau of Land Management.[4]
On June 7, 2005, Catellus Development Corporation announced it will merge into
In late 2010, The
Today, the developer operates with headquarters in Emeryville, California with regional offices in Austin, Texas and Tempe, Arizona.
Assets
In California
The company owned
It is no longer the owner of the
In the San Francisco Bay Area, it currently owns the Pacific Commons retail center in Fremont. The master planned Alameda Landing, located near Alameda Point is also a current project under their portfolio.
Outside California
Catellus has overseen construction of the master planned Mueller Community in Austin, Texas.[9] Catellus is also master developer of Novus Innovation Cooridor in partnership with Arizona State University in Tempe, Arizona.
Projects
- Airpark 599 - Stockton, California
- Alameda Landing and Bayport - Alameda, California
- Circle Point Corporate Campus - Westminster, Colorado
- East Bay Bridge and Bridgecourt - Emeryville/Oakland, California
- Foothill Glen - Union City, California
- Kaiser Commerce Center - San Bernardino, California
- LA Union Station - Los Angeles, California
- Mission Bay - San Francisco, California
- Mueller - Austin, Texas
- Novus Innovation Corridor - Tempe, AZ
- Victoria Commons - San Antonio, TX
Source:[10]
Works cited
- ^ "East Bay Bridge Project overview" (PDF). Archived from the original (PDF) on 11 January 2020. Retrieved 11 January 2020.
- ^ Dallos, Robert E. (25 July 1986). "Southern Pacific-Santa Fe Merger Prohibited by ICC". Los Angeles Times. Retrieved 11 January 2020.
- ISSN 0362-4331. Retrieved 2023-06-15.
- ^ "California Desert Land Acquisition » The Wildlands Conservancy". The Wildlands Conservancy. Retrieved 2023-06-15.
- ^ Vincent, Roger (7 June 2005). "Catellus to Be Bought by ProLogis". Los Angeles Times. Retrieved 11 January 2020.
- ^ "ProLogis Announces $505 Million Agreement With TPG Capital for Sale of Catellus Retail and Mixed-Use Assets". PR Newswire (Press release). Cision. Retrieved 11 January 2020.
- ^ Hymon, Steve (14 April 2011). "Metro tonight officially becomes new owner of Los Angeles Union Station". The Source. Metro. Retrieved 11 January 2020.
- ^ "LA Union Station development" (PDF). Catellus Development Corporation. Archived from the original (PDF) on 11 January 2020. Retrieved 11 January 2020.
- Gannett Company. Retrieved 11 January 2020.
- ^ "Catellus Projects". Official Website. Archived from the original on 2016-03-12. Retrieved 1 June 2020.