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BUSINESS
January 2, 1991 | From Associated Press
Landmark Land Co., owner of several well-known resorts, will sell most of its holdings for $739 million to a group that includes Landmark managers and Japanese investors, the company announced today. Properties involved in the deal include the Palm Beach Polo & Country Club in Florida, Kiawah Island in South Carolina, Oak Tree Golf and Country Club in Oklahoma and Carmel Valley Ranch, Moreno Valley, Mission Hills, La Quinta, PGA West and Oak Valley, all located in California.
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BUSINESS
September 17, 1992 | From Times Staff and Wire Reports
RTC Seizes Desert Properties: Three desert country clubs and a hotel were among Landmark Land Co. properties nationwide seized this week by the agency that inherits the wreckage of failed savings and loans. The properties will be sold to bail out a failed Louisiana thrift formerly owned by Carmel, Calif.-based Landmark. The Resolution Trust Corp. took over PGA West, the La Quinta Hotel, Golf and Tennis Resort, and the Mission Hills Country Club in Rancho Mirage.
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BUSINESS
September 17, 1992 | From Times Staff and Wire Reports
RTC Seizes Desert Properties: Three desert country clubs and a hotel were among Landmark Land Co. properties nationwide seized this week by the agency that inherits the wreckage of failed savings and loans. The properties will be sold to bail out a failed Louisiana thrift formerly owned by Carmel, Calif.-based Landmark. The Resolution Trust Corp. took over PGA West, the La Quinta Hotel, Golf and Tennis Resort, and the Mission Hills Country Club in Rancho Mirage.
BUSINESS
January 2, 1991 | From Associated Press
Landmark Land Co., owner of several well-known resorts, will sell most of its holdings for $739 million to a group that includes Landmark managers and Japanese investors, the company announced today. Properties involved in the deal include the Palm Beach Polo & Country Club in Florida, Kiawah Island in South Carolina, Oak Tree Golf and Country Club in Oklahoma and Carmel Valley Ranch, Moreno Valley, Mission Hills, La Quinta, PGA West and Oak Valley, all located in California.
BUSINESS
June 28, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Laguna Hills developer Barry G. Hon said Wednesday that he has ended his $275-million bid to buy a Riverside County parcel from Landmark Land Co., whose prize golf courses, resorts and residential acreage he also once coveted. Hon, who only two months ago had agreed to buy most of Landmark's real estate holdings for $967 million, said it would be "too risky" to buy a 6,700-acre parcel called Oak Valley from Landmark's thrift subsidiary, Oak Tree Savings Bank in New Orleans.
BUSINESS
May 17, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Landmark Land Co. said Wednesday that it has agreed to sell a 6,700-acre Riverside County parcel to Laguna Hills developer Barry Hon for $275 million and has hired an investment banking firm to peddle the company's remaining big-name golf and resort assets. The new deal comes just nine days after federal thrift regulators blocked a $967-million sale of Carmel-based Landmark's prime properties to Hon.
BUSINESS
May 8, 1990 | TOM FURLONG, TIMES STAFF WRITER
Landmark Land Co. said late Monday that the deal to sell its major resort properties to Orange County developer Barry G. Hon for $967 million is in danger of falling through because banking regulators object to how the sale is being financed. Carmel-based Landmark, a leading developer of resort and golf course properties, said that regulators from the Office of Thrift Supervision have objected to the "credit concentration aspect" of the deal.
BUSINESS
April 13, 1990 | TOM FURLONG, TIMES STAFF WRITER
The problems are mounting at Landmark Land Co., the nationally recognized golf course developer whose operations have been hammered by growing losses in recent months. The Carmel, Calif.-based firm recently disclosed in public documents that it is under investigation by the Securities and Exchange Commission for questionable accounting practices on a land deal last year near Palm Springs.
BUSINESS
April 18, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Five years ago, developer Barry G. Hon quit as chairman of Tustin-based Eldorado Bank and decided to try to build a bigger pile of gold in real estate. Hon has found riches. He also found fulfillment, frustration and foes as his Hon Development Corp. in Laguna Hills took on increasingly larger and more complex projects from Foothill Ranch in South Orange County to the controversial plans for a resort hotel and residential community in Rancho Palos Verdes.
BUSINESS
June 28, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Laguna Hills developer Barry G. Hon said Wednesday that he has ended his $275-million bid to buy a Riverside County parcel from Landmark Land Co., whose prize golf courses, resorts and residential acreage he also once coveted. Hon, who only two months ago had agreed to buy most of Landmark's real estate holdings for $967 million, said it would be "too risky" to buy a 6,700-acre parcel called Oak Valley from Landmark's thrift subsidiary, Oak Tree Savings Bank in New Orleans.
BUSINESS
May 17, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Landmark Land Co. said Wednesday that it has agreed to sell a 6,700-acre Riverside County parcel to Laguna Hills developer Barry Hon for $275 million and has hired an investment banking firm to peddle the company's remaining big-name golf and resort assets. The new deal comes just nine days after federal thrift regulators blocked a $967-million sale of Carmel-based Landmark's prime properties to Hon.
BUSINESS
May 8, 1990 | TOM FURLONG, TIMES STAFF WRITER
Landmark Land Co. said late Monday that the deal to sell its major resort properties to Orange County developer Barry G. Hon for $967 million is in danger of falling through because banking regulators object to how the sale is being financed. Carmel-based Landmark, a leading developer of resort and golf course properties, said that regulators from the Office of Thrift Supervision have objected to the "credit concentration aspect" of the deal.
BUSINESS
April 18, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Five years ago, developer Barry G. Hon quit as chairman of Tustin-based Eldorado Bank and decided to try to build a bigger pile of gold in real estate. Hon has found riches. He also found fulfillment, frustration and foes as his Hon Development Corp. in Laguna Hills took on increasingly larger and more complex projects from Foothill Ranch in South Orange County to the controversial plans for a resort hotel and residential community in Rancho Palos Verdes.
BUSINESS
April 13, 1990 | TOM FURLONG, TIMES STAFF WRITER
The problems are mounting at Landmark Land Co., the nationally recognized golf course developer whose operations have been hammered by growing losses in recent months. The Carmel, Calif.-based firm recently disclosed in public documents that it is under investigation by the Securities and Exchange Commission for questionable accounting practices on a land deal last year near Palm Springs.
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