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Hadi Makarechian

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CALIFORNIA | LOCAL
October 25, 2008 | Larry Gordon
Orange County hotel and real estate developer Hadi Makarechian, 60, has been appointed to the UC Board of Regents, according to a statement released Friday by Gov. Arnold Schwarzenegger's office. Before his recent retirement, Makarechian had been chairman of Capital Pacific Holdings, a company he founded in 1991. A Republican, he has been a major contributor to the governor's campaigns. The governor also announced two other higher education appointments, both to the California Community Colleges Board of Governors.
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CALIFORNIA | LOCAL
October 25, 2008 | Larry Gordon
Orange County hotel and real estate developer Hadi Makarechian, 60, has been appointed to the UC Board of Regents, according to a statement released Friday by Gov. Arnold Schwarzenegger's office. Before his recent retirement, Makarechian had been chairman of Capital Pacific Holdings, a company he founded in 1991. A Republican, he has been a major contributor to the governor's campaigns. The governor also announced two other higher education appointments, both to the California Community Colleges Board of Governors.
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BUSINESS
February 13, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
Over the last dozen years, major builders have sold only 30 new subdivision homes costing $2 million or more in Los Angeles County. Hadi Makarechian is betting he can do nearly triple that with just one project. As chairman of Newport Beach developer Capital Pacific Holdings Inc.
BUSINESS
February 13, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
Over the last dozen years, major builders have sold only 30 new subdivision homes costing $2 million or more in Los Angeles County. Hadi Makarechian is betting he can do nearly triple that with just one project. As chairman of Newport Beach developer Capital Pacific Holdings Inc.
BUSINESS
February 11, 2000
PRICEY TREND: Developer Hadi Makarechian is building the costliest single-family homes on the Southern California coast. Above, a home in Monarch Beach. CAREER MAKE-OVER: Corrections Officer Elana Jackson would like to break into a new line of work, preferably in human resources, but she must first consider the demands.
BUSINESS
February 3, 1999
Dale Dowers has resigned as president of Capital Pacific Holdings Inc. to pursue personal interests, the Newport Beach-based home builder said Tuesday. Hadi Makarechian, the company's chairman and chief executive officer, will assume the president's title until further notice. Dowers said that he has been looking for more than a year for an opportunity to step back from daily involvement in the company's business.
BUSINESS
February 11, 1993 | From Times Staff and Wire Reports
Founder of J.M. Peters to Retire: Builder James M. Peters, who helped pioneer mass construction of high-quality, high-cost homes in Southern California, will retire Feb. 28 as president and chief executive of J.M. Peters Co., the Newport Beach-based company he founded nearly two decades ago. Peters, who sold his interest in the firm in 1985, said he is leaving after helping nurse the company to health in the wake of the 1990 collapse of its former majority owner.
BUSINESS
September 23, 1997 | (Dow Jones)
Capital Pacific Holdings Inc., the parent company of home builder J.M. Peters Co., has agreed to sell a 16.57% stake to an unnamed investor for $10 million. Chairman Hadi Makarechian will retain a 58% controlling stake in the restructured building firm. Makarechian and Capital Pacific chief executive Dale Dowers purchased the company from the Resolution Trust Co. for $47.5 million in 1992. Officials declined to comment on the agreement.
BUSINESS
May 30, 1996
Home builder Capital Pacific Holdings Inc., formerly J.M. Peters Co., said that profit for the fiscal year ended Feb. 29 surged nearly fivefold, while revenue rose 18%. Net income before extraordinary gains rose to $2.6 million, or 17 cents a share, from $574,000, or 4 cents a share, for the previous year. The company also had a nonrecurring gain of $3.1 million in the previous year. Revenue rose to $169 million from $143.1 million. "We've been improving," said Hadi Makarechian, chairman of CPH.
BUSINESS
July 7, 1994 | Debora Vrana, Times staff writer
J.M. Peters Co., the Newport Beach home builder, flush with cash from a $100-million junk bond sale in May, has acquired two major Southern California properties this week. On Wednesday, the company said it had purchased a 216-lot property in Rancho San Clemente, a master-planned community in the coastal hills above San Clemente. Peters bought the lots for $17.8 million in cash from Richland Interests of Texas. The fully finished lots range in size from 5,000 square feet to 6,000 square feet.
BUSINESS
June 15, 2000 | Dow Jones
Capital Pacific Holdings Inc. raised the bonuses awarded to two senior executives by at least 92% for the luxury home builder's last fiscal year, according to a document the company filed Wednesday with the Securities and Exchange Commission. Chief Executive Hadi Makarechian received a bonus of $598,000 for the year ended Feb. 29, a 92% increase above the $312,560 he got the previous year. The bonus for Chief Financial Officer Steven O. Spelman Jr.
BUSINESS
January 6, 1998 | E. SCOTT RECKARD
Hadi Makarechian, boss of the home builder Capital Pacific Holdings, is inclined to grouse about how hard it is nowadays to find sites to put up homes in coastal Southern California. Hard, yes. But hardly impossible--witness Capital Pacific's purchase of 25 acres in Dana Point with sweeping views toward the ocean and across rolling hills.
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