Emmett's $1.1 billion IPO

It's a monster initial public offering, all right. Santa Monica-based Douglas Emmett Inc. is defying the trend of real estate investment trusts going private with a blockbuster IPO, among the largest Wall Street will see before the end of the year (assuming it happens before the end of the year; no date has been set). In case the name is unfamiliar, Douglas Emmett owns 12 million square feet of office space and 3,000 apartment units, much of it in Brentwood, Olympic Corridor, Century City, Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner Center/Woodland Hills and Burbank.

By the way, there is no Douglas Emmett at Douglas Emmett. The company was founded in 1971 by Dan Emmett and residential real estate mogul Jon Douglas. Emmett, who bought out by Douglas in 1990, is chairman.