April 5, 1994 |
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.
August 10, 1990 |
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."
October 11, 1992 |
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.
May 28, 1993 |
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.
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.
July 14, 1993 |
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.