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John Laing Homes

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BUSINESS
February 20, 2009 | Roger Vincent
Venerable Irvine developer John Laing Homes, one of the nation's largest, filed for bankruptcy protection Thursday, joining the growing ranks of residential builders laid low by the collapse of the housing market. WL Homes, which does business as John Laing, listed assets of more than $1 billion and debt of $500 million to $1 billion in Chapter 11 documents filed in U.S. Bankruptcy Court in Delaware.
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BUSINESS
August 16, 2010 | By Roger Vincent, Los Angeles Times
A stalled condominium development in Hollywood that became a symbol of the real estate market's collapse is back under construction after work on it was idled by bankruptcy for more than a year. New owners recently secured a $32-million loan to fund completion of the former Madrone at Hollywood Boulevard and La Brea Avenue and are turning it into an upscale apartment complex called the Avenue. "Our plan is to run it as a rental building for the foreseeable future," said Robert Goodman, president of Resmark Equity Partners.
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BUSINESS
April 9, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
The reshaping of California's home-building industry intensified Wednesday with the announcement of two huge deals involving some of the Southland's best-known residential companies. In one transaction, Orange County's largest home builder would merge with a company spun off from the empire of Ray Watt, a prominent Santa Monica developer who has built more than 100,000 homes since 1947.
BUSINESS
February 20, 2009 | Roger Vincent
Venerable Irvine developer John Laing Homes, one of the nation's largest, filed for bankruptcy protection Thursday, joining the growing ranks of residential builders laid low by the collapse of the housing market. WL Homes, which does business as John Laing, listed assets of more than $1 billion and debt of $500 million to $1 billion in Chapter 11 documents filed in U.S. Bankruptcy Court in Delaware.
BUSINESS
June 12, 2006 | Annette Haddad, Times Staff Writer
At the annual banquet for employees of John Laing Homes, the most coveted award is called the Larry. Named for and presented by the Newport Beach-based home builder's chief executive, Larry Webb, the Larry honors silly employee performances, such as acting like a diva or being the most awkward dancer.
BUSINESS
September 13, 1996 | Barbara Vrana, Debora Vrana covers real estate for The Times. She can be reached at (714) 966-5979 and at debora.vrana@latimes.com
John Laing Homes has purchased 13 acres in Rancho Santa Margarita to build Santa Fe, a neighborhood of 136 attached homes starting at $136,000. The project will open in October. William Lyon Homes purchased nine acres to build Lyon Promenade, a neighborhood of 71 homes. Five new housing projects have recently opened in Rancho Santa Margarita, a 5,000-acre community with more than 25,000 residents. . . .
BUSINESS
February 20, 1988 | Michael Flagg, Times Staff Writer
Four British home builders with operations in Orange County are sponsoring a show on British industrial design as part of the three-month-long UK/LA '88 arts festival. The sponsors of "Anglophilia--A Look at British Design" are Barratt American, John Laing Homes, Taylor Woodrow Homes and Costain Homes. The Duke and Duchess of York--Prince Andrew and the former Sarah Ferguson--will tour the exhibit at the California Museum of Science and Industry in Los Angeles Feb. 29.
CALIFORNIA | LOCAL
July 6, 2000 | Marissa Espino, (714) 966-5879
The City Council approved on Monday a list of four developers to present proposals for the Tustin Legacy Medium-High Residential site at the former Marine Corps Air Facility. Developers Greystone Homes, John Laing Homes, Olson/Standard Pacific and Shea Homes were selected as the most qualified. The site, at the northeast corner of Edinger and Harvard avenues, is 25.3 acres and is planned for up to 505 housing units, at a density not to exceed 25 units per acre.
REAL ESTATE
June 2, 1985
Plans to develop 201 single-family houses on a 25-acre tract in Colton at a cost of $14 million have been announced by John Laing Homes Inc. Prices for the one- and two-level homes with up to 1,450 square feet of floor spoace will range from $59,000 to $85,000. Construction of the first 35 homes will begin in August, and completion is expected in January.
BUSINESS
July 17, 1992 | From Times Staff and Wire Reports
Folks at Foothill Ranch Co. are breathing a little easier these days. After months of recession-bred inactivity in the raw-land market, the developer of the 2,743-acre planned community has opened escrow on 256 lots. The lots are being purchased by John Laing Homes, the U.S. arm of England's largest builder, John Laing PLC, founded in London in 1847.
BUSINESS
June 12, 2006 | Annette Haddad, Times Staff Writer
At the annual banquet for employees of John Laing Homes, the most coveted award is called the Larry. Named for and presented by the Newport Beach-based home builder's chief executive, Larry Webb, the Larry honors silly employee performances, such as acting like a diva or being the most awkward dancer.
BUSINESS
June 2, 2006 | Annette Haddad, Times Staff Writer
A giant United Arab Emirates real estate company on Thursday acquired Newport Beach-based John Laing Homes for $1 billion in cash, a deal that creates one of the world's largest property developers. The transaction, which has been approved by a federal agency that oversees foreign acquisitions of U.S. firms, is Emaar Properties' first venture in the United States.
CALIFORNIA | LOCAL
December 17, 2003 | Daniel Yi, Times Staff Writer
The military officers and their families who lived at the Tustin Marine base left four years ago. On Tuesday, movers finally came for their appliances. Volunteers for Habitat for Humanity plucked refrigerators, stoves and water heaters from rows of apartments on the closed base and loaded them onto a truck. The appliances were headed to Habitat's store in Santa Ana, where they will be sold to raise funds for the nonprofit group, which builds homes for low-income families.
CALIFORNIA | LOCAL
November 15, 2002 | Richard Fausset and Carol Chambers, Times Staff Writers
Undeterred by the sight of tree-cutting equipment and mounting pressure from Los Angeles County officials, activist John Quigley remained high in the boughs of an ancient oak near Santa Clarita Thursday night, determined to save it. "They're going to have to come up here and literally drag us out if they want to remove us," said Quigley, who was joined by another activist in his 50-foot-high perch, while supporters rallied at the base of the tree.
BUSINESS
February 13, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Despite delays and environmental concerns, a pioneering group of home builders say they remain committed to building the first phase of 1,500 housing units at the Playa Vista development near Marina del Rey. It was nearly a year ago that development officials said that seven home builders had agreed to buy lots and then obtain city building permits within 60 days to construct a mix of apartments, multistory condominiums and luxury homes.
CALIFORNIA | LOCAL
July 6, 2000 | Marissa Espino, (714) 966-5879
The City Council approved on Monday a list of four developers to present proposals for the Tustin Legacy Medium-High Residential site at the former Marine Corps Air Facility. Developers Greystone Homes, John Laing Homes, Olson/Standard Pacific and Shea Homes were selected as the most qualified. The site, at the northeast corner of Edinger and Harvard avenues, is 25.3 acres and is planned for up to 505 housing units, at a density not to exceed 25 units per acre.
REAL ESTATE
October 20, 1985
Mariposa, a development of 198 single-family homes, opens today in Colton with 35 homes in the first phase. Priced from $59,990 to $86,990, the homes are available with VA, FHA and bond financing. Designed by Pekarek-Crandell Inc., the four floor plans are offered with two to four bedrooms, one or two stories, 1 1/2 to 2 1/2 baths, wood-burning fireplaces, vaulted ceilings, ceramic tile counters in kitchens, tile roofs, textured stucco exteriors and 880 to 1,440 square feet of space.
BUSINESS
April 9, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
The reshaping of California's home-building industry intensified Wednesday with the announcement of two huge deals involving some of the Southland's best-known residential companies. In one transaction, Orange County's largest home builder would merge with a company spun off from the empire of Ray Watt, a prominent Santa Monica developer who has built more than 100,000 homes since 1947.
BUSINESS
December 8, 1997
* L.J. Edgcomb has been named president of the Orange County division of John Laing Homes in Irvine. He succeeds Larry Webb, who continues as California division president. Edgcomb joined the company earlier this year as senior vice president of operations. Before that, he was Orange County division manager at Warmington Homes. * Arthur B. Branstine has been appointed vice president, fluid handling products for Furon Co., a Laguna Niguel manufacturer of engineered polymer components.
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