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The park was created when the Mitchell Family of Beneficial Insurance Group developed the lot between Oxford and Serrano Avenues at 3700 Wilshire Boulevard with an 11-story building in 1967. It became their headquarters named Beneficial Plaza, now renamed Wilshire Park Place.
Some 22 high-rise office buildings were erected on Wilshire Boulevard from 1966 to 1976 to provide office space for such companies as Getty Oil Co., Ahmanson Financial Co., Beneficial Standard Life Insurance, Wausau, and Equitable Life Insurance.
In 1960, the company entered the British market. In 1961, the company purchased Western Auto Supply Co., and in 1965 purchased Spiegel, Inc [3] (later sold in 1981). [4] In 1970, the company changed its name to Beneficial Corporation. In 1976, Beneficial began offering credit cards through its People's Bank & Trust Co. subsidiary in Delaware.
Beneficial Financial Group is an insurance and financial services company based in Salt Lake City, Utah. It is a subsidiary of Deseret Management Corporation (DMC), [1] the for-profit arm of the Church of Jesus Christ of Latter-day Saints (LDS Church). The company was founded in 1905 [2] and as of its 2013 fiscal year end had assets of $3.0 ...
Company Industry City Activision Blizzard: video games: Santa Monica [1] Aerojet Rocketdyne Holdings: aerospace: The Aerospace Corporation: aerospace: Avery Dennison: packaging: Big 5 Sporting Goods: sporting goods: California Pizza Kitchen: food and beverage: Capital Group Companies: financial services: Chipotle Mexican Grill: restaurants ...
On July 23, 1925, they opened as the Golden State Guarantee Fund Insurance Company in a one-room office at 1435 Central Avenue, Los Angeles, with few amenities and $17,800 in capital. Within three months the company had outgrown its office and moved to a storeroom at 3512 Central Avenue.
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