Advertisement
YOU ARE HERE: LAT HomeCollectionsBarry G Hon
IN THE NEWS

Barry G Hon

FEATURED ARTICLES
BUSINESS
May 9, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal savings and loan regulators demonstrated their growing clout on Monday with their objection to Orange County developer Barry G. Hon's $967-million purchase of Landmark Land Co.'s major resort properties. The muscle-flexing has left thrift operators and real estate developers guessing how to cope with strict new industry regulations enacted last August to rescue the S&L deposit insurance system.
ARTICLES BY DATE
BUSINESS
May 9, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal savings and loan regulators demonstrated their growing clout on Monday with their objection to Orange County developer Barry G. Hon's $967-million purchase of Landmark Land Co.'s major resort properties. The muscle-flexing has left thrift operators and real estate developers guessing how to cope with strict new industry regulations enacted last August to rescue the S&L deposit insurance system.
Advertisement
BUSINESS
April 18, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Five years ago, developer Barry G. Hon quit as chairman of Tustin-based Eldorado Bank and decided to try to build a bigger pile of gold in real estate. Hon has found riches. He also found fulfillment, frustration and foes as his Hon Development Corp. in Laguna Hills took on increasingly larger and more complex projects from Foothill Ranch in southern Orange County to the controversial plans for a resort hotel and residential community in Rancho Palos Verdes.
BUSINESS
April 18, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Five years ago, developer Barry G. Hon quit as chairman of Tustin-based Eldorado Bank and decided to try to build a bigger pile of gold in real estate. Hon has found riches. He also found fulfillment, frustration and foes as his Hon Development Corp. in Laguna Hills took on increasingly larger and more complex projects from Foothill Ranch in southern Orange County to the controversial plans for a resort hotel and residential community in Rancho Palos Verdes.
CALIFORNIA | LOCAL
February 3, 1988
Orange County developer Barry G. Hon announced Tuesday a plan to build a $200-million, 450-room Ritz-Carlton resort hotel and 27-hole golf course on the Rancho Palos Verdes coastline near San Pedro. The project also will include 159 lots for custom homes. On Tuesday night, the Rancho Palos Verdes City Council voted to grant a zone change on the site so the hotel can be built. Current zoning allows only the golf course and homes.
BUSINESS
June 6, 1990 | James S. Granelli, Times staff writer
Federal savings and loan regulators are expected to ease one of their tough new rules soon to allow S&Ls to increase fourfold the amount that can be lent to one borrower. The current limit--15% of an institution's capital--would be increased to 60% for home builders. The change would be intended to ease the credit crunch on builders, who were left without financing for worthwhile projects under strict rules imposed as a result of last year's drastic thrift industry restructuring law.
CALIFORNIA | LOCAL
February 8, 1990
City Councilman Michael Eggers has raised more than twice as much money as his nearest colleague for the June 5 city election, according to campaign disclosure forms filed last week. Eggers raised $13,349 in 1989 and shows a total of $18,595 on hand for his upcoming campaign. City Councilwoman Ingrid McGuire raised $6,612 in 1989. Minus expenditures and non-monetary contributions, however, her campaign shows a total of $5,941 on hand. Mayor Eileen L.
CALIFORNIA | LOCAL
February 12, 1988
Demolition of the main building at the defunct Marineland in Rancho Palos Verdes will begin Tuesday at 9 a.m. as part of a six-month project to clear the 108-acre site for development as a resort hotel and conference center, according to developer James G. Monaghan. The work is being done by Cleveland Wrecking Co. of Los Angeles under a contract in excess of $1 million. Monaghan spokesman John E.
BUSINESS
May 8, 1990 | TOM FURLONG, TIMES STAFF WRITER
Landmark Land Co. said late Monday that the deal to sell its major resort properties to Orange County developer Barry G. Hon for $967 million is in danger of falling through because banking regulators object to how the sale is being financed. Carmel-based Landmark, a leading developer of resort and golf course properties, said that regulators from the Office of Thrift Supervision have objected to the "credit concentration aspect" of the deal.
BUSINESS
June 28, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Laguna Hills developer Barry G. Hon said Wednesday that he has ended his $275-million bid to buy a Riverside County parcel from Landmark Land Co., whose prize golf courses, resorts and residential acreage he also once coveted. Hon, who only two months ago had agreed to buy most of Landmark's real estate holdings for $967 million, said it would be "too risky" to buy a 6,700-acre parcel called Oak Valley from Landmark's thrift subsidiary, Oak Tree Savings Bank in New Orleans.
CALIFORNIA | LOCAL
September 30, 1993 | ANNA CEKOLA
Officials broke ground Wednesday for the first elementary school in Foothill Ranch, an event cheered by parents who have been pushing for the school. "It's another point in our crown," said Jeff DuBowe, president of the Foothill Ranch Homeowners Assn. "We just can't wait for it to be finished."
Los Angeles Times Articles
|