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BUSINESS
August 14, 1989 | Michael Flagg, Times staff writer
S. Kelly McDermott started her career in advertising, but she now spends many of her days crunching numbers. McDermott is a vice president at Market Profiles of Costa Mesa, one of the better-known consultants to home builders and developers in Orange County. McDermott has been watching Southern California real estate since the late 1960s, first for big outfits such as Real Estate Research Corp. in Los Angeles, and later for smaller consulting firms such as Newport Economics in Orange County.
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BUSINESS
August 14, 1989 | Michael Flagg, Times staff writer
S. Kelly McDermott started her career in advertising, but she now spends many of her days crunching numbers. McDermott is a vice president at Market Profiles of Costa Mesa, one of the better-known consultants to home builders and developers in Orange County. McDermott has been watching Southern California real estate since the late 1960s, first for big outfits such as Real Estate Research Corp. in Los Angeles, and later for smaller consulting firms such as Newport Economics in Orange County.
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BUSINESS
April 22, 1989 | MICHAEL FLAGG, Times Staff Writer
The average price of a new, detached house in Orange County soared to $364,550 during the first 3 months of 1989, while sales of new homes dropped by nearly a third, according to a Costa Mesa consulting firm. The average price calculated by Market Profiles was 45% higher than the $251,636 recorded during the first quarter of 1988. Condos and town homes averaged $184,901 during the first quarter this year, up 30% from $142,060 a year earlier. The consulting firm said that 1988 was an exceptionally good year for sales, so the decline in sales activity represents a return to a more normal market.
BUSINESS
June 16, 1989 | JOHN CHARLES TIGHE, Times Staff Writer
Newport Beach home builder J.M. Peters Co. Inc., which rode a hot real estate market to record earnings last year, on Thursday reported that its revenue plunged 36% and earnings fell 31% during the three months ended May 31. Peters said that revenue for the first quarter of its 1990 fiscal year dropped to $57.5 million from $89.6 million during the same period a year ago. Earnings fell to $5 million from $7.3 million. A prepared release issued by the company did not discuss reasons for the decline, but home sales in Southern California have fallen significantly in recent months in response to rising interest rates and higher prices.
BUSINESS
June 16, 1989 | JOHN CHARLES TIGHE, Times Staff Writer
Newport Beach home builder J.M. Peters Co. Inc., which rode a hot real estate market to record earnings last year, on Thursday reported that its revenue plunged 36% and earnings fell 31% during the three months ended May 31. Peters said that revenue for the first quarter of its 1990 fiscal year dropped to $57.5 million from $89.6 million during the same period a year ago. Earnings fell to $5 million from $7.3 million. A prepared release issued by the company did not discuss reasons for the decline, but home sales in Southern California have fallen significantly in recent months in response to rising interest rates and higher prices.
BUSINESS
April 27, 1989 | MICHAEL FLAGG, Times Staff Writer
Eleven of the 25 biggest real estate deals in Southern California last year occurred in Orange County, according to a San Diego market-research firm. The number of local deals, led by the $83-million sale of two Newport Center office buildings, exceeded by three the eight sales in Los Angeles County, COMPS Inc. reported. But the Los Angeles deals involved more money. The Orange County sales added up to $511 million, or 36% of the $1.4-billion total, COMPS said. The eight Los Angeles deals totaled $656 million, or 46%. The Orange County transactions included four office and retail projects, four land parcels and three apartment complexes.
NEWS
August 2, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
One of Orange County's pioneer developers of planned communities, the Mission Viejo Co., will be sold to J.F. Shea Co., an expanding Southern California building firm, it was announced Friday. The deal is expected to fetch more than $400 million, although terms were not disclosed by Philip Morris Cos. Inc., which has owned the Mission Viejo Co. since 1972. Shea will acquire about 900 acres of undeveloped land in Mission Viejo and Aliso Viejo, and 3,600 acres in Colorado.
BUSINESS
April 27, 1989 | MICHAEL FLAGG, Times Staff Writer
Eleven of the 25 biggest real estate deals in Southern California last year occurred in Orange County, according to a San Diego market-research firm. The number of local deals, led by the $83-million sale of two Newport Center office buildings, exceeded by three the eight sales in Los Angeles County, COMPS Inc. reported. But the Los Angeles deals involved more money. The Orange County sales added up to $511 million, or 36% of the $1.4-billion total, COMPS said. The eight Los Angeles deals totaled $656 million, or 46%. The Orange County transactions included four office and retail projects, four land parcels and three apartment complexes.
BUSINESS
April 22, 1989 | MICHAEL FLAGG, Times Staff Writer
The average price of a new, detached house in Orange County soared to $364,550 during the first 3 months of 1989, while sales of new homes dropped by nearly a third, according to a Costa Mesa consulting firm. The average price calculated by Market Profiles was 45% higher than the $251,636 recorded during the first quarter of 1988. Condos and town homes averaged $184,901 during the first quarter this year, up 30% from $142,060 a year earlier. The consulting firm said that 1988 was an exceptionally good year for sales, so the decline in sales activity represents a return to a more normal market.
REAL ESTATE
May 3, 1998
Here are the top-selling home builders in Orange County, through the first quarter of 1998: 1) Shea Homes: 130 houses 2) Lewis Homes: 87 houses 3) Hearthside Homes: 81 houses 4) Western Pacific Housing: 80 houses 5) California Pacific Homes: 79 houses Source: Market Profiles of San Diego.
REAL ESTATE
August 16, 1998
1. S&S Construction: 194 2. Kaufman & Broad: 176 3. Richmond American: 102 4. Western Pacific Housing: 92 5. West Venture Homes: 91 6. Shea Homes: 90 7. Pacific Bay Homes: 80 8. Presley Homes: 79 9. Centex Homes: 78 10. EPAC: 74 * Based on net sales through second quarter, 1998. Source: Market Profiles of San Diego
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