December 15, 1995 |
As part of ongoing consolidations in the local real estate industry, a San Francisco developer on Thursday agreed to pay $9 million in stock for the Akins Cos., a longtime, family-owned Orange County home builder. Publicly traded Catellus Development Corp., with $1.8 billion in assets and extensive land holdings, agreed to purchase the 47-year-old Akins Cos. The new company will be called Catellus Residential Group and will be based in Irvine.
October 1, 1998 |
Catellus Residential Group of Irvine has grabbed a stake in the Sacramento housing market, buying a two-thirds interest in Serrano Associations LLC, which is acquiring a 3,500-acre master-planned community near the state Capitol. The deal for Catellus marks its second involving a planned community in little more than a year. In 1997, the company joined Standard Pacific Corp. and Starwood Capital Group to develop the 3,510-acre Talega community in south Orange County.
March 8, 2000 |
Squeezed by consolidation in the home building industry, Catellus Development Corp. said Tuesday that it is considering selling its Irvine residential construction arm, one of two run by the company's Catellus Residential Group. The company also said in a press release that brothers Carl and Bruce Akins, the residential group's chairman and president, respectively, will leave the company at the end of March to pursue other opportunities.
June 14, 1996 |
Catellus Residential Group in Irvine has bought 10 acres in Newport Coast from the Irvine Co., and plans to build estate homes there. Catellus Residential was formed last year by the merger of Catellus Development Corp., the publicly traded development firm in San Francisco, and the Akins Cos. in Irvine. The land is the first land acquisition in Newport Coast by Catellus. "This land purchase is a milestone for Catellus," said Nelson C. Rising, president and chief executive officer of Catellus.
April 26, 1995 |
Donald M. Koll, who controls a growing national real estate power, said Tuesday that his company has forged a partnership with an old-line Southern California home builder that will likely construct hundreds of houses in the Bolsa Chica wetlands. The joint venture with Irvine-based Akins Cos. creates a major residential real estate force that plans to build thousands of homes worldwide.