July 11, 2007 |
The spring home-selling season was a bust for D.R. Horton Inc., the biggest home builder in California. Horton said Tuesday that it would post a loss from operations for its latest quarter after net orders fell 40% and it wrote down the value of unsold houses. The report provides more evidence that the housing sector continues to sink. Inventories of unsold used homes are at their highest level in 15 years. In part, experts blame tougher rules on qualifying for mortgages.
October 21, 2004 |
Arden Realty Inc., the largest office landlord in Los Angeles County, purchased Warner Corporate Center in Woodland Hills for $64.5 million. The Los Angeles real estate investment trust bought the 254,000-square-foot, 12-story tower from Grosvenor, a London-based developer. The building at 21300 Victory Blvd. in Warner Center is 98% leased to such tenants as Cardinal Health Inc., First Health Group Inc., McDonald's Corp., Zurich American Insurance Co., D.R. Horton Inc., Bank of America Corp.
November 21, 1999
Here are building permits valued at $350,000 and up filed recently in Orange County. MISSION VIEJO * Project: Tenant improvement Address: 500 Shops at Mission Viejo Value: $968,000 Owner: Saks Fifth Avenue NEWPORT BEACH * Project: Tenant improvement Address: 1401 Dove St., Suite 600 Value: $375,000 Owner: Impac Companies PLACENTIA * Project: Office, warehouse Address: 925 S. Lakeview Value: $1.
March 24, 2000 |
The five largest U.S. home builders said they will start a company to list homes and related products on the Internet, in the latest example of competing companies forming an industrywide Web alliance. The companies, Centex Corp., D.R. Horton Inc., Kaufman & Broad Home Corp., Lennar Corp. and Pulte Corp., said that the site will be open to all builders and that they expect to list more than 200,000 homes.
September 9, 2006 |
Bank of America Corp.'s investment management unit plans to divest two closed-end funds with assets of $1.3 billion after returns deteriorated during the last five years. Banc of America Investment Advisors Inc., based in Boston, said Friday that it agreed to sell management of the $1.2-billion Liberty All-Star Equity Fund and $150-million Liberty All-Star Growth Fund to Alps Advisers Inc.
CALIFORNIA | LOCAL
April 21, 1995 |
The City Council has approved the sale of five acres of city-owned land just north of the Civic Center complex. Saddleback Land Development Co. will pay $2.1 million for the property, which the city bought in 1975 for $425,000. It is now leased to a strawberry farmer. Although a dozen information packages were sent to developers and consultants and 10 more to others who requested them, the city received only three bids. Saddleback's was by far the best offer. The second-highest offer was $1.