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BUSINESS
October 11, 1992 | Researched by DALLAS M. JACKSON / Los Angeles Times
Harold Lynch Jr. and E. James Murar, friends and business partners for more than two decades, formed RecreActions Inc. in 1970 (now called RecreActions Group of Companies) and developed communities totaling 14,000 homes, including 4,000 RGC-built homes valued at $750 million. RGC has won more than 100 regional and national design and marketing awards, such as Professional Builder and Remodeler magazine's professional achievement award for creativity in high-density development. E.
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BUSINESS
October 11, 1992 | Researched by DALLAS M. JACKSON / Los Angeles Times
Harold Lynch Jr. and E. James Murar, friends and business partners for more than two decades, formed RecreActions Inc. in 1970 (now called RecreActions Group of Companies) and developed communities totaling 14,000 homes, including 4,000 RGC-built homes valued at $750 million. RGC has won more than 100 regional and national design and marketing awards, such as Professional Builder and Remodeler magazine's professional achievement award for creativity in high-density development. E.
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BUSINESS
April 5, 1994 | Debora Vrana, Times correspondent
RGC, the Newport Beach home builder, said Monday it has teamed up with one of South Korea's largest home-building firms to build a community of single-family homes in Rancho Santa Margarita. Dubbed the "East Meets West" alliance, the international partnership is with K. Young Homes Inc. of Los Angeles, a subsidiary of Kunyoung, one of Korea's largest publicly traded construction firms. "One of the primary reasons for this alliance is capital; it's a substantial sum they're putting in," said E.
BUSINESS
August 10, 1990 | John O'Dell Times staff writer
One of the more unusual residential projects in Orange County is rising out of the ersatz Mediterranean plains of Irvine's Westpark community. Borrowing from building techniques used hundreds of years ago to create privacy in crowded European cities, Newport Beach-based RCG--for RecreAction Group of Companies--is building what it calls the country's first "Euro-Villa."
BUSINESS
October 11, 1992 | JOHN O'DELL, TIMES STAFF WRITER
Work on a new generation of moderately priced detached homes in Orange County is scheduled to begin early next year, with sales starting in June, according to officials at RecreActions Group of Companies. Rancho Santa Margarita will get the largest concentration of the courtyard-oriented homes that are to be built by an RGC affiliate called Newport CourtHomes.
BUSINESS
May 28, 1993 | JOHN O'DELL, TIMES STAFF WRITER
In a bow to the high-tech needs of executives who buy California's priciest homes, Pacific Bell has agreed to wire an Orange County builder's luxury project with fiber-optic cable--the first time entire houses have been wired with technology capable of transmitting voice, data and video simultaneously. The homes, with prices starting at $700,000, are being built by developer RGC on a hill overlooking the Pacific.
REAL ESTATE
March 5, 1995
For the second year in a row, Los Angeles-based Kaufman & Broad Home Corp. easily captured the top spot in The Times annual survey of residential building in Southern California, building almost 3,000 houses and generating revenue of more than a half-billion dollars in 1994. K&B built 2,946 single-family houses last year and sold all but 393 of them for a sales volume of $513 million, an increase of 18.2% over its 1993 revenues of $434 million.
BUSINESS
July 14, 1993 | JOHN O'DELL and DAVID W. MYERS, TIMES STAFF WRITERS
News that Southern California's second-largest home builder has defaulted on a $150-million loan for a sprawling new community in La Costa has shaken an already ailing industry and could make it harder for other developers to get the cash needed to keep their bulldozers running and their carpenters employed. When Newport Beach-based Fieldstone Group of Cos.
BUSINESS
July 23, 1993 | JOHN O'DELL, TIMES STAFF WRITER
In what industry insiders say is a show of faith in the Southland's recession-ravaged residential real estate market, investors have gobbled up $155 million in high-risk, 10-year notes in a private offering by an Orange County home builder. Officials of Baldwin Co., the Newport Beach developer that issued the bonds, were not available for comment Thursday.
BUSINESS
October 31, 1995 | Ron Galperin, Ron Galperin is a real estate attorney with Wolf Rifkin & Shapiro in West Los Angeles
Ron Michelstein and his fiancee Weny Wenten wanted a typical single-family home, but they couldn't afford one in an area that they liked. "We looked at condos and townhouses, but we weren't happy with them. They felt too much like apartments," Michelstein recalled. The couple found a new type of single-family development that they could afford in Valencia. Their two-bedroom home stands alone, but it's on a lot about half the size of typical 5,000-square-foot, single-family parcel.
BUSINESS
September 29, 1992 | JOHN O'DELL, TIMES STAFF WRITER
The recession may be destroying what's left of Orange County consumers' confidence, but don't try to convince officials at RGC that the sky is falling. The Newport Beach residential builder, best known for its stylish, mid- and low-priced attached housing, has begun construction on the second tract of semi-custom homes in the Irvine Co.'s Newport Coast development.
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