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Building Industry Orange County

BUSINESS
May 31, 2000
Newport Beach home builder Capital Pacific Holdings Inc. said Monday that increased closings, net new orders and backlog helped it earn $3.5 million, or 24 cents a share, in its fiscal fourth quarter, ended Feb. 29. The earnings mark an 84% increase from the $1.9 million, or 13 cents a share, earned in the previous year's final three months. The latest quarterly income includes an extraordinary of $755,000, or 5 cents per share, resulting from the retirement of debt at less than face value.
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BUSINESS
May 10, 2000 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670 and at daryl.strickland@latimes.com
Even as leasing to dot-com companies is showing slower growth, Orange County's developers have continued to create the bulk of their new buildings for general technology-driven firms. A new first-quarter survey by the Voit Commercial Brokerage found that space occupied mainly by Orange County technology firms has grown steadily. In the first three months, 64 million square feet of space existed in buildings that tech firms favor.
BUSINESS
May 4, 2000
Here are building permits valued at $350,000 and up filed recently in Orange County. DANA POINT * Project: Home Address: 34351 Green Lantern Value: $612,000 Owner: Robert Lindl IRVINE * Project: Tenant improvement Address: 17762 Cowan Value: $359,000 Owner: Benjamin Group * Project: Tenant improvement Address: 7 Technology Drive, No. 2 Value: $404,000 Owner: Insignia Commercial Group * Project: Tenant improvement Address: 1920 Main St., No. 700 Value: $443,000 Owner: Siebel System Inc.
BUSINESS
April 13, 2000 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670 and at daryl.strickland@latimes.com
With the pace of new apartment construction being dwarfed by the number of potential renters, Orange County rental prices are expected to climb by more than 7% this year, according to a recent report by a Palo Alto company. Only 2,000 units will be built in the county this year, mostly in Irvine, according to the report by rental market research firm Marcus & Millichap. Those new units will do little to alleviate the housing crunch, as vacancies will remain at record lows of less than 3%.
BUSINESS
April 13, 2000 | DARYL STRICKLAND, Daryl Strickland covers real estate for The Times. He can be reached at (714) 966-5670 and at daryl.strickland@latimes.com
Orange County's larger home builders are grabbing a bigger chunk of the market. The top 10 home builders handled nearly 70% of all Orange County home sales in the first quarter this year, according to MarketPoint Realty Advisors in San Diego. Only two years ago, 49% of the market was controlled by the top 10. The main reason for the growing disparity between the top sellers and the rest is that several major brokerages have merged.
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