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Barry Hon

CALIFORNIA | LOCAL
March 2, 1990
I believe it was that homespun philosopher Satchel Paige who said, "Never look behind you. Someone might be gaining on you." Well, it is high time that all peninsula residents take a good look behind, because someone is gaining on you . . . and threatening to leave you in the dirt. You may have already guessed that it is that overdevelopment juggernaut in Rancho Palos Verdes that is gathering speed. Recently I saw the Barry Hon people mount a presentation on the new Ritz Carlton Hotel proposed to be built near the San Pedro border on the R.P.V.
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CALIFORNIA | LOCAL
February 9, 1993 | GEOFF BOUCHER
Critics of developer Barry Hon's plan to build atop one of the city's few vacant hills filed an appeal Monday to overturn the Planning Commission's approval of the project. The seven-page appeal argues that a public hearing and information from project opponents would expose flaws in the environmental impact report prepared for the site. The appeal also argues that the hillside is unstable.
BUSINESS
May 9, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
The objection of federal savings and loan regulators Monday to Orange County developer Barry G. Hon's $967-million purchase of Landmark Land Co.'s major resort properties shows their growing clout under the new thrift bailout law. How and when S&L regulators now exercise their new-found muscle have left thrift operators and real estate developers guessing how to comply and cope with strict new industry regulations enacted last August to rescue the S&L deposit insurance system.
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.
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.
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