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Barry Hon

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.
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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.
BUSINESS
May 17, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Landmark Land Co. said Wednesday that it has agreed to sell a 6,700-acre Riverside County parcel to Laguna Hills developer Barry Hon for $275 million and has hired an investment banking firm to peddle the company's remaining big-name golf and resort assets. The new deal comes just nine days after federal thrift regulators blocked a $967-million sale of Carmel-based Landmark's prime properties to Hon.
CALIFORNIA | LOCAL
February 18, 1990 | TIM WATERS, TIMES STAFF WRITER
A developer's plans to build homes and a golf course in a landslide-prone area of Rancho Palos Verdes has drawn fire from area residents fearful that any new construction could trigger land movement and endanger homes. Orange County developer Barry Hon has asked city officials to exclude more than 400 acres he owns from a longstanding building moratorium in the area. He is also hoping to build a lavish resort hotel on coastal property outside the moratorium area.
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 South Orange County to the controversial plans for a resort hotel and residential community in Rancho Palos Verdes.
BUSINESS
April 17, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Barry G. Hon's golf game may not qualify him for a shot on the pro tour, but the Laguna Hills developer could soon become a link's master with his $967-million purchase of Landmark Land Co.'s vast real estate holdings, including some of the nation's most renowned golf resorts. The Orange County developer announced Monday an agreement to buy most of the land holdings of Landmark, a Carmel-based development and savings and loan holding company.
BUSINESS
June 28, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Orange County 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 just two months ago 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.
BUSINESS
July 16, 1999 | EDMUND SANDERS, TIMES STAFF WRITER
The government of Armenia contends that a telecommunications company controlled by Orange County developer Barry Hon skipped out on paying $18 million in taxes and penalties before ceasing operations in that country last year. An Armenian court earlier this week cleared the way for the government to seize $18 million worth of stock in the Armenian telephone company, Armentel, which was once co-owned by Trans-World Telcom Ltd., an offshore company that the government contends is run by Hon.
CALIFORNIA | LOCAL
February 25, 1990 | TIM WATERS, TIMES STAFF WRITER
It's a Wednesday night high in the hills of Rancho Palos Verdes and Marion Ruth, microphone in hand, is stumping for a developer hoping to build a tony Ritz Carlton resort on the city's coastline. "We want you to leave here as our goodwill ambassadors," she tells 65 or so of her neighbors, who have been invited to a private home to learn about builder Barry Hon's proposed resort and to dine on a buffet dinner of Parmesan chicken and sauteed zucchini.
CALIFORNIA | LOCAL
February 7, 1991
Water conservation has come to the Palos Verdes Peninsula and we are told by the California Water Service that all residents must cut at least 10% of residential water use. We are advised to insert plastic water bags in our toilet tanks to reduce flushing, and water reducers in our shower heads to cut shower consumption. In some quarters, a 300-gallon-per-day limit on all households is now being debated. In the face of five years of drought, I have no problem complying with this request.
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