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BUSINESS
September 25, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
California's struggling construction industry received a needed boost Thursday when a San Francisco investment house announced that it has raised $87 million from pension funds and other sources to finance construction of single-family homes. Two projects in Southern California, expected to result in 334 homes, will be among the first to receive loans from the fund.
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BUSINESS
September 25, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
California's struggling construction industry received a needed boost Thursday when a San Francisco investment house announced that it has raised $87 million from pension funds and other sources to finance construction of single-family homes. Two projects in Southern California, expected to result in 334 homes, will be among the first to receive loans from the fund.
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REAL ESTATE
September 26, 1993 | From a Times Staff Writer
State Controller Gray Davis, author and journalist Joel Kotkin, top executives from Asian banks and investment firms and Southland home builders will be among those attending the Pacific Resources '93 conference Sept. 30 and Oct 1 at the Ojai Valley Inn and Country Club. The two-day conference, which is sponsored by the Building Industry Assn. of Southern California and The Times, is designed to link home builders with Asian lenders, according to conference chairman Michael C. Ning.
BUSINESS
September 8, 1993 | John O'Dell / Times staff writer
Pacific Gateway Homes has received its second construction loan from an unusual source for its Pacific Grove development in Aliso Viejo. Chief Executive Harvey Stern said the company will get $5 million to $6 million from a special loan fund established by Fannie Mae--the Federal National Mortgage Assn.--to finance construction of affordable single-family homes in California.
BUSINESS
June 21, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
For most of the past decade, Beverly Nuffer lived alone in Fullerton. But recently, Nuffer's 39-year-old son, David--joining the ranks of state residents overwhelmed by the skyrocketing cost of housing in California--returned to share her three-bedroom house. "Apartments are just too costly these days," Beverly Nuffer said, noting that her son has lived with roommates just about all his adult life because of the high cost of housing in the state. "It takes a lot of money to live on your own."
BUSINESS
June 30, 1992 | JUBE SHIVER Jr., TIMES STAFF WRITER
Led by a huge decline in home buying in the West, nationwide sales of new single-family homes fell a surprising 5.6% last month, indicating that the anemic economic recovery is losing the support of the key housing industry. The Commerce Department said Monday that the seasonally adjusted annual sales rate of 501,000 housing units in May was the lowest since September, 1991, when the rate was 499,000 units. The May sales decline, analysts say, was caused primarily by a 34.
NEWS
January 18, 1995 | ERIC BAILEY and MARK PLATTE and JODI WILGOREN, TIMES STAFF WRITERS
Portraying himself as an unsophisticated financial neophyte who relied too heavily on the advice of others, former Orange County Treasurer Robert L. Citron offered a public apology Tuesday before a special state Senate committee, declaring that the county's financial crisis is a burden he will carry "the rest of my life."
NEWS
January 18, 1995 | ERIC BAILEY and MARK PLATTE and JODI WILGOREN, TIMES STAFF WRITERS
Portraying himself as an unsophisticated financial neophyte who relied too heavily on the advice of others, former Orange County Treasurer Robert L. Citron offered a public apology Tuesday before a special state Senate committee, declaring that the county's financial crisis is a burden he will carry "the rest of my life."
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