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.
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.
February 11, 1993 |
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.
September 23, 1997 |
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.
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.
July 7, 1994 |
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.