Kowa Bussan Co

A major Japanese-owned residential development firm has moved its U.S. headquarters to Costa Mesa from downtown Los Angeles. The move, officials said, was prompted by a desire to find a location that is more central to its operations. Kowa Bussan USA--which has 10 employees and developments in Riverside, San Diego, San Bernardino, Ventura and Kern counties--is primarily a builder of entry-level homes. Its biggest project is a new 5,000-home development in the Kern County community of Rosamond.

A major Japanese-owned residential development firm has moved its U.S. headquarters to Costa Mesa from downtown Los Angeles. The move, officials said, was prompted by a desire to find a location that is more central to its operations. Kowa Bussan USA--which has 10 employees and developments in Riverside, San Diego, San Bernardino, Ventura and Kern counties--is primarily a builder of entry-level homes. Its biggest project is a new 5,000-home development in the Kern County community of Rosamond.

The second annual Pacific Basin Development Conference in Maui, Hawaii, on Aug. 17-20 will be attended by 100 American real estate developers and leaders of Japanese real estate investment firms in the United States and Japan to explore potential joint ventures. Featured speakers will be Taizo Watanabe, envoy extraordinary and minister plenipotentiary, at the Japanese Embassy in Washington, and Jim Deane, prominent California home builder.

Direct capital investment in the United States by the Japanese and the potential for joint-venture relationships by Japanese and American real estate investors, developers and builders will be the focus of the second annual Pacific Basin Development Conference at the Wailea Resort on Maui, Hawaii, Aug. 17-20.