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Landmark Land Inc

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.
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BUSINESS
May 9, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Federal savings and loan regulators demonstrated their growing clout on Monday with their objection to Orange County developer Barry G. Hon's $967-million purchase of Landmark Land Co.'s major resort properties. The muscle-flexing has left thrift operators and real estate developers guessing how to cope with strict new industry regulations enacted last August to rescue the S&L deposit insurance system.
BUSINESS
April 17, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Barry G. Hon's golf game may not qualify him for a shot on the pro tour, but the Laguna Hills developer could soon become a link's master with his $967-million purchase of Landmark Land Co.'s vast real estate holdings, including some of the nation's most renowned golf resorts. The Orange County developer announced Monday an agreement to buy most of the land holdings of Landmark, a Carmel-based development and savings and loan holding company.
BUSINESS
January 3, 1991 | TOM FURLONG, TIMES STAFF WRITER
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.
BUSINESS
June 28, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
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.
BUSINESS
May 9, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
The objection of federal savings and loan regulators Monday to Orange County developer Barry G. Hon's $967-million purchase of Landmark Land Co.'s major resort properties shows their growing clout under the new thrift bailout law. How and when S&L regulators now exercise their new-found muscle have left thrift operators and real estate developers guessing how to comply and cope with strict new industry regulations enacted last August to rescue the S&L deposit insurance system.
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 southern 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
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.
NEWS
April 16, 1990 | From Times Staff and Wire Service Reports
In one of the biggest real estate deals this year, Landmark Land Co. Inc., a California savings and loan, said today that it agreed to sell most of its vast portfolio of real estate and resort developments for $967 million. Landmark said it would sell the properties to Orange County developer Barry Hon in two phases over the next 14 months.
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