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Kaufman Broad Home Corp

BUSINESS
May 26, 1991
Bruce Karatz of Kaufman & Broad Home Corp. saw his pay drop from $3 million in 1989 to $1.8 million in 1990--a $1.18 million decline. Second-biggest pay cut will go to Christopher Gibbs, J. M. Peters Co., whose compensation fell from $2.9 million to $1.8 million.
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BUSINESS
March 13, 1998 | Jesus Sanchez
Los Angeles-based Kaufman & Broad Home Corp. has agreed to buy Estes Homebuilding Co. for $47 million. The acquisition would mark the third time Kaufman has purchased a home builder in recent weeks, as the firm seeks to build up its share of sales in major Western markets. Tucson-based Estes is expected to produce 850 homes in Tucson and Phoenix this year and generate $100 million in revenue, Kaufman said. Family-operated Estes owns and controls 2,600 building lots in the two Arizona cities.
BUSINESS
September 30, 2000 | JESUS SANCHEZ
Newhall Land & Farming Co. said it has terminated its partnership with Kaufman & Broad Home Corp. to develop the 1,900-acre City Ranch development in the Antelope Valley. The breakup will result in a $4.5-million loss that Newhall Land will record in its third-quarter earnings period. Newhall Land, which developed the planned community of Valencia, said it pulled out of the project to focus its financial resources on repurchasing its partnership units.
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