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.
May 10, 2000 |
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.