Dominguez Land Corporation

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The Dominguez Land Company was originally formed in 1911 under the leadership of Jared Sidney Torrance, who was company president. Original stockholders included Merris Hellman, Joseph F. Sartori, John S. Cravens, Dr. W. Jarvis Barlow, and Torrance. In 1911, they purchased 2,792 acres of land (at $350 per acre) from the Dominguez Estate Company and 730 acres from the Del Amo Estate Company (each owned by the daughters of Manuel Dominguez). That land was broken up into lots and sold off, eventually forming the city of Torrance, CA. In 1912, the Dominguez Land Company incorporated and became known as the Dominguez Land Corporation. Torrance was originally envisioned as a town where residence, business, and industrial lands coexisted. Workers in the town's factories and businesses could find a home close to their place of employment. Jared Torrance believed that a man who enjoyed his work and owned his own home would remain in the community and contribute to the community. This philosophy of mixed development is evident in the variety of land contracts sold by The Dominguez Land Company, which included contracts for business, industrial, and residential property. In 1921, oil was discovered in Torrance, and the Dominguez Land Company soon began offering oil land for sale. In 1922, the Dominguez Land Corporation formed a lease agreement with the Standard Oil Company, allowing the Standard Oil Company sole rights to drill for oil in the city of Torrance. In 1926, the Dominguez Land Company also sold a large portion of oil land to the Chanslor-Canfield Midway Oil Company. By 1941, the Dominguez Land Corporation had liquidated much of its assets. The remains of the company, including office furniture, records, and any future assets which may be found, were purchased by Remco-Real Estate Management Company, a company founded in 1927 by former Dominguez Land Corporation president, Donald Findley.

From the description of Dominguez Land Corporation Collection, 1911-1950 (California State University, Dominguez Hills). WorldCat record id: 680295691

History

The Dominguez Land Company was originally formed in 1911 under the leadership of Jared Sidney Torrance, who was company president. Original stockholders included Merris Hellman, Joseph F. Sartori, John S. Cravens, Dr. W. Jarvis Barlow, and Torrance. In 1911, they purchased 2,792 acres of land (at $350 per acre) from the Dominguez Estate Company and 730 acres from the Del Amo Estate Company (each owned by the daughters of Manuel Dominguez). That land was broken up into lots and sold off, eventually forming the city of Torrance, CA. In 1912, the Dominguez Land Company incorporated and became known as the Dominguez Land Corporation.

Torrance was originally envisioned as a town where residence, business, and industrial lands coexisted. Workers in the town's factories and businesses could find a home close to their place of employment. Jared Torrance believed that a man who enjoyed his work and owned his own home would remain in the community and contribute to the community. This philosophy of mixed development is evident in the variety of land contracts sold by The Dominguez Land Company, which included contracts for business, industrial, and residential property.

In 1921, oil was discovered in Torrance, and the Dominguez Land Company soon began offering oil land for sale. In 1922, the Dominguez Land Corporation formed a lease agreement with the Standard Oil Company, allowing the Standard Oil Company sole rights to drill for oil in the city of Torrance. In 1926, the Dominguez Land Company also sold a large portion of oil land to the Chanslor-Canfield Midway Oil Company.

By 1941, the Dominguez Land Corporation had liquidated much of its assets. The remains of the company, including office furniture, records, and any future assets which may be found, were purchased by Remco-Real Estate Management Company, a company founded in 1927 by former Dominguez Land Corporation president, Donald Findley.

From the guide to the Dominguez Land Corporation Collection, 1911-1950, (California State University, Dominguez Hills Archives and Special Collections)

Archival Resources
Role Title Holding Repository
creatorOf Dominguez Land Corporation. Dominguez Land Corporation Collection, 1911-1950 California State University, Dominguez Hills, CSUDH
creatorOf Dominguez Land Corporation Collection, 1911-1950 California State University, Dominguez Hills Archives and Special Collections
Role Title Holding Repository
Relation Name
associatedWith Chanslor-Canfield Midway Oil Company corporateBody
associatedWith Dominguez Land Company corporateBody
associatedWith Remco-Real Estate Management Co. corporateBody
associatedWith Standard Oil Company corporateBody
associatedWith Standard Oil Company (Library of Congress) corporateBody
associatedWith Title Insurance and Trust Company, 1893-1968 corporateBody
associatedWith Title Insurance and Trust Company, 1893-1968(Library of Congress) corporateBody
Place Name Admin Code Country
Torrance (Calif.)
Torrance (Calif.)
Subject
Commercial real estate
Contracts for deeds
Deeds
Industrial real estate
Land grants
Oil and gas leases
Real estate business
Real estate development
Real estate transactions
Residential real estate
Occupation
Activity

Corporate Body

Active 1911

Active 1950

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