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Building Industry Orange County

BUSINESS
June 2, 2000
Here are building permits valued at $350,000 and up filed recently in Orange County. NEWPORT BEACH * Project: Home Address: 626 Seaward Road Value: $400,000 Owner: Joe Uberroth * Project: Home Address: 1949 Port Nelson Place Value: $450,000 Owner: Jon Devertan * Project: Tenant improvement Address: 19101 Goldenwest Value: $915,000 Owner: Cousins Market Center ORANGE * Project: Tenant improvement Address: 20 City Blvd. West Value: $801,000 Owner: Mills Corp.
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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.
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
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%.
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