September 20, 1991 |
Japanese Back Off Golf, Resort Purchases: Tokyo-based Daiichi Real Estate Co. told the Office of Thrift Supervision that its investor group is unwilling to proceed with the purchase of Landmark Land Co.'s prime golf and resort assets. Daiichi said it might be interested in buying some assets separately. Last January, Carmel-based Landmark said a joint venture, led by Daiichi and including Landmark Chairman Gerald G. Barton, had agreed to buy Landmark's best properties.
January 3, 1991 |
Landmark Land Co., which owns some of Southern California's premier golf courses, said Wednesday that it has agreed to sell its prime real estate for as much as $937 million to private interests, including its senior management and investors from Japan. If the sale goes through, it would mark yet another major Japanese investment in prime golf courses in the United States.
June 28, 1990 |
Orange County 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 just two months ago 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.