March 22, 1990
Arbitrators hired by the New York Stock Exchange have ruled that E. F. Hutton misled Bellflower city officials when it advised them to invest city money in high-risk bonds, and ordered the company to return about $103,000 in investment losses, city officials said. City Atty. Maurice O'Shea said in 1987 the brokerage house invested $191,573 in bonds that did not assure a safe return and were instead speculative and "unsuitable investments for a city." The money, O'Shea said, was lost. E. F.
February 23, 1990 |
HUTTON'S VIREO (Vireo huttoni) Description: The Vireo is grayish-olive above, with large white spot on lores. It has a white eye ring broken above the eye and two broad white wing bars and is drab olive below. Habitat: Moist woodland areas, prefers oak and pine trees. Is fearless around nest, competing with other birds for food resources. Diet: Berries and spiders. Displays: Courting male postures before female, fluffs fea- thers, fans tail and gives whining or snarling call.
February 17, 1990 |
The Federal Deposit Insurance Corp., the agency that insures deposits at banks, said Friday that it brought a $516-million lawsuit against Drexel Burnham Lambert, E. F. Hutton and others over the failure of a Texas thrift. The suit, filed in federal court, stems from an alleged fraud scheme that the FDIC claims led to the demise of the Guaranty Federal Savings & Loan Assn. in Dallas, the sixth-largest thrift in Texas.
January 5, 1990 |
Greg Twiggs sat in a jail cell for eight lonely hours last month, staring at three bare walls surrounding him and the steel bars in front of him, wondering what was going on in the outside world. The telephone, he knew, would be ringing in his hotel room. There probably were security guards storming through the door making sure he was all right. And Lord only knows what PGA officials were doing. His tee time for the final round of the JC Penney Classic in Largo, Fla.
September 1, 1989
The six-story building, previously called State College Plaza, was bought in July by Tobishima Development Co., a California subsidiary of Tokyo-based Tobishima Corp., and Hutton Development Co., Santa Ana. They purchased it from Connecticut Mutual Life Insurance Co. for $19.7 million. The plaza will eventually include a 10-story and a 12-story building, for a total of more than 586,000 square feet of office space. FACTS AND FIGURES Address: 2099 S. State College Blvd.
CALIFORNIA | LOCAL
June 21, 1989 |
A state-of-the-art, $27.9-million facility to house the Orange County Sheriff's Department crime labs and offices in Santa Ana moved closer to reality Tuesday when a developer for the long-awaited project was selected. After reviewing four proposals, the County Board of Supervisors voted unanimously to award the project to Santa Ana-based Hutton Development Co., which owns the 3.4-acre site at Flower Street and Santa Ana Boulevard, where the sheriff's new Forensic Science Center will be located.
June 21, 1989 |
Large mortgage bankers don't make their money by selling the loans they originate to investors. They generate most of their income from fees they charge for servicing those loans--sending out bills, collecting payments and paying taxes and insurance for the investors. And it is a big business. Shearson Lehman Hutton Mortgage Co. in Newport Beach, one of the nation's largest mortgage bankers, was servicing more than $14.1 billion in loans at the end of December. That made it the nation's sixth largest--and California's largest--mortgage servicing firm last year, according to American Banker, a daily trade newspaper.
April 15, 1989 |
The Orange County Center for Contemporary Art, an artists' cooperative in Santa Ana's Harbor Business Park, will open an auxiliary gallery in the lobby of Hutton Development Co. Inc. in Hutton Centre on June 1. The cooperative will occupy the new satellite location, at 201 E. Sandpointe Ave. in Santa Ana, rent-free for a 6-month trial period while continuing its exhibition schedule. Cooperative director Bardene Allen said that because the 2,000-square-foot lobby is a public thoroughfare, exhibitions at Hutton Centre will have to be "appropriate for an office setting," with no nudes or political subject matter.
March 24, 1989
4 Hutton Centre Drive, situated in the Hutton Centre business complex in Santa Ana, is a 10-story office tower that features curving expanses of laminated glass and polished red granite. It contains 203,144 square feet of space and is 60% leased. Recently, Wang Laboratories, whose headquarters are in Lowell, Mass., leased two floors of the building for its five-county Sierra District office. FACTS AND FIGURES Address: 4 Hutton Centre Drive, Santa Ana Developer: Hutton Development Co.