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Capital Pacific Homes Inc

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BUSINESS
June 16, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Controlling interest in the J.M. Peters Co., valued at more than $110 million just three years ago, would change hands for $47.25 million under a tentative deal signed Monday. The deal is between the federal Resolution Trust Corp. and Capital Pacific Homes Inc. in Newport Beach. Dale Dowers, president of Capital Pacific, said his firm would become a holding company with Newport Beach-based J.M. Peters Co. as its development arm if the cash sale is completed as anticipated on July 1.
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CALIFORNIA | LOCAL
October 6, 2001 | From Times Staff and Wire Reports
A group of 91 homeowners won a $4-million settlement Friday in a lawsuit alleging shoddy workmanship during construction of their homes. They alleged that J.M. Peters Co. and its parent firm, Capital Pacific Holdings of Newport Beach, used faulty building methods on $500,000 homes near Bushard Street and Atlanta Avenue. "The homes had leaky windows, leaky wooden decks, cracked stucco and also structural problems," said attorney Thomas E. Miller, who represented the homeowners.
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BUSINESS
June 23, 1992 | JOHN O'DELL, TIMES STAFF WRITER
The sale of an Orange County home builder being negotiated by the federal government could cost taxpayers nearly $100 million because it would give the buyer 2,000 prime Southern California residential lots at discounts of 40% or more. Capital Pacific Homes Inc., the prospective buyer of Newport Beach-based J. M. Peters Co., is already trying to sell some of the property at nearly twice the average price of $53,200 a lot that it would pay for them if the deal goes through, The Times has learned.
BUSINESS
September 23, 1992 | JOHN O'DELL, TIMES STAFF WRITER
After nearly a year of virtual inactivity as the federal Resolution Trust Corp. choked off its financing while trying to sell it, the newly reorganized J.M. Peters Co. has obtained a $23.6-million investment that has put the home builder back to work. The financing, provided by a major pension fund whose identity was not disclosed, lets Peters Co. begin work on 335 homes in four South County projects. Grubb & Ellis Co.'s Newport Beach office arranged the funding.
BUSINESS
September 12, 1991 | JOHN O'DELL, TIMES STAFF WRITER
Dale Dowers and Hadi Makarechian are starting a home-building company in Orange County--in the midst of a two-year industry slump that has dozens of established builders on the verge of collapse. You may ask: Are these men crazy? Not likely, Dowers says with a smile. The new company, Capital Pacific Homes Inc., believes it has a secret weapon: money.
NEWS
June 23, 1992 | JOHN O'DELL, TIMES STAFF WRITER
The sale of home builder J.M. Peters Co., being negotiated by the federal government, could cost taxpayers nearly $100 million because it would give the buyer 2,000 prime Southern California residential lots at discounts of 40% or more. Capital Pacific Homes Inc., the prospective buyer, is already trying to sell some of the property at nearly twice the average price of $53,200 a lot that it would pay if the deal goes through, The Times has learned. Several industry insiders have said that J.M.
CALIFORNIA | LOCAL
October 6, 2001 | From Times Staff and Wire Reports
A group of 91 homeowners won a $4-million settlement Friday in a lawsuit alleging shoddy workmanship during construction of their homes. They alleged that J.M. Peters Co. and its parent firm, Capital Pacific Holdings of Newport Beach, used faulty building methods on $500,000 homes near Bushard Street and Atlanta Avenue. "The homes had leaky windows, leaky wooden decks, cracked stucco and also structural problems," said attorney Thomas E. Miller, who represented the homeowners.
BUSINESS
July 11, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Sale of controlling interest in J.M. Peters Co. moved a step closer to completion Friday with the signing of a definitive agreement under which another Orange County home builder would acquire 12 million shares of Peters Co.'s common stock and more than $144.8 million of its debt. None of the parties involved in the deal were available for comment Friday, and details of the agreement were not disclosed.
BUSINESS
May 30, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Capital Pacific Homes, a year-old firm headed by longtime Orange County builder Dale Dowers and former Washington construction magnate Hadi Makarechian, said Friday it has won exclusive rights to negotiate for the acquisition of the J.M. Peters Co. Although all of the parties in the deal refuse to provide details--despite the Peters Co.'
BUSINESS
September 23, 1992 | JOHN O'DELL, TIMES STAFF WRITER
After nearly a year of virtual inactivity as the federal Resolution Trust Corp. choked off its financing while trying to sell it, the newly reorganized J.M. Peters Co. has obtained a $23.6-million investment that has put the home builder back to work. The financing, provided by a major pension fund whose identity was not disclosed, lets Peters Co. begin work on 335 homes in four South County projects. Grubb & Ellis Co.'s Newport Beach office arranged the funding.
BUSINESS
July 11, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Sale of controlling interest in J.M. Peters Co. moved a step closer to completion Friday with the signing of a definitive agreement under which another Orange County home builder would acquire 12 million shares of Peters Co.'s common stock and more than $144.8 million of its debt. None of the parties involved in the deal were available for comment Friday, and details of the agreement were not disclosed.
NEWS
June 23, 1992 | JOHN O'DELL, TIMES STAFF WRITER
The sale of home builder J.M. Peters Co., being negotiated by the federal government, could cost taxpayers nearly $100 million because it would give the buyer 2,000 prime Southern California residential lots at discounts of 40% or more. Capital Pacific Homes Inc., the prospective buyer, is already trying to sell some of the property at nearly twice the average price of $53,200 a lot that it would pay if the deal goes through, The Times has learned. Several industry insiders have said that J.M.
BUSINESS
June 23, 1992 | JOHN O'DELL, TIMES STAFF WRITER
The sale of an Orange County home builder being negotiated by the federal government could cost taxpayers nearly $100 million because it would give the buyer 2,000 prime Southern California residential lots at discounts of 40% or more. Capital Pacific Homes Inc., the prospective buyer of Newport Beach-based J. M. Peters Co., is already trying to sell some of the property at nearly twice the average price of $53,200 a lot that it would pay for them if the deal goes through, The Times has learned.
BUSINESS
June 16, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Controlling interest in the J.M. Peters Co., valued at more than $110 million just three years ago, would change hands for $47.25 million under a tentative deal signed Monday. The deal is between the federal Resolution Trust Corp. and Capital Pacific Homes Inc. in Newport Beach. Dale Dowers, president of Capital Pacific, said his firm would become a holding company with Newport Beach-based J.M. Peters Co. as its development arm if the cash sale is completed as anticipated on July 1.
BUSINESS
May 30, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Capital Pacific Homes, a year-old firm headed by longtime Orange County builder Dale Dowers and former Washington construction magnate Hadi Makarechian, said Friday it has won exclusive rights to negotiate for the acquisition of the J.M. Peters Co. Although all of the parties in the deal refuse to provide details--despite the Peters Co.'
BUSINESS
September 12, 1991 | JOHN O'DELL, TIMES STAFF WRITER
Dale Dowers and Hadi Makarechian are starting a home-building company in Orange County--in the midst of a two-year industry slump that has dozens of established builders on the verge of collapse. You may ask: Are these men crazy? Not likely, Dowers says with a smile. The new company, Capital Pacific Homes Inc., believes it has a secret weapon: money.
CALIFORNIA | LOCAL
July 5, 1992
There's probably no reason to expect good news out of the ongoing and stupendously costly federal cleanup of the savings and loan debacle. But somehow, the pending sale of the J.M. Peters Co., which is based in Newport Beach and holds 2,000 prime lots in Orange, Los Angeles and San Diego counties, seems particularly galling. If the deal goes through as now proposed, Capital Pacific Homes Inc., which is barely a year old, will acquire J.M. Peters for $106.4 million.
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