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Newhall Land Farming

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BUSINESS
September 8, 1987
Newhall Land & Farming sold the Woodglen apartment complex in Valencia for $11.7 million to Woodglen Venture, a limited partnership in Los Angeles. Newhall said the sale will add about $6.2 million to its third-quarter profit. Woodglen consists of l60 apartments on 9.3 acres. Newhall, a limited partnership whose units are publicly traded, is developing Valencia as a master-planned community.
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BUSINESS
July 22, 2003 | James F. Peltz and Richard Fausset, Times Staff Writers
In a deal that would mean a massive shift of Southern California property, century-old Newhall Land & Farming Co. -- developer of the Valencia master-planned community and one of the state's largest landowners -- agreed Monday to be acquired for $990 million by a partnership based in Miami. The proposed sale would transfer vast tracts of land and the controversial Newhall Ranch project to the nation's third-largest home builder, Lennar Corp.
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BUSINESS
January 11, 1994
The Newhall Land & Farming Co., a Valencia real estate developer, said it has secured additional financing for its expanding development of Valencia and other master-planned communities. The company said it obtained a $30-million, seven-year unsecured loan with an interest rate of 6.9% from an unnamed insurance company. It has also finalized a $15-million unsecured line of credit from Morgan Guaranty Trust Co. of New York, bringing the company's total available credit to $69 million.
OPINION
December 4, 2002
Re "Firm Under Fire Over Wildflowers," Nov. 27: Enough already! Newhall Land & Farming has had too many chances to greedily destroy the ecology and environment of Newhall Ranch. The county supervisors need to give 'em the boot. Now! Wendy Averill Culver City
CALIFORNIA | LOCAL
April 25, 2000
Newhall Land & Farming reported net income for the first quarter ended March 31 of $3.2 million compared with net income of $8.3 million for the first quarter of 1999. Revenue dropped to $28.4 million compared with $42.3 million, a decrease resulting from the sale of Cowell Ranch, the company said. Newhall Land develops master-planned communities in north Los Angeles County, primarily in Valencia. The Newhall Ranch project was approved by the county in 1999.
BUSINESS
April 26, 1994
Newhall Land & Farming Co., a Valencia-based developer of master-planned communities, said earthquake damage resulted in a loss of $3.64 million for its first quarter, compared with a profit of $364,000 in the same period a year earlier. In the three months ended March 31, the company's revenue dipped 3%, to $15 million from $15.4 million a year earlier. Thomas L. Lee, chairman and chief executive officer, said the company took a $3.
BUSINESS
October 24, 1989
A major sale of residential lots enabled Newhall Land & Farming Co. to post a 31% increase in its third-quarter profit compared to a year earlier. Newhall, which is developing the community of Valencia, said net income in the quarter that ended Sept. 30 climbed to $28.4 million from $21.6 million a year ago. Its revenue rose 5% to $73.8 million from $70.1 million.
BUSINESS
October 27, 1987
Newhall Land & Farming has offered $33 million to acquire Newhall Resources, an oil and gas concern that Newhall Land & Farming spun off four years ago. Both firms have headquarters in Valencia and are limited partnerships whose units are publicly traded. Newhall Land & Farming, a real estate and agriculture company that is developing Valencia, offered $7.50 for each of Newhall Resources' 4.4 million units outstanding. The units, trading at $6.
BUSINESS
January 15, 2002 | BOB HOWARD, SPECIAL TO THE TIMES
A Santa Monica-based biomedical firm, Specialty Laboratories Inc., will build a new headquarters in Valencia in one of two major real estate developments announced last week by the Newhall Land & Farming Co. Specialty, which provides laboratory testing services for hospitals and clinics, said it will build a three-story 200,000-square-foot combination laboratory and administrative building on a 13.8-acre site that the company acquired from Newhall Land.
BUSINESS
December 26, 2000 | From Bloomberg News
Newhall Land & Farming Co. sold four apartment complexes for $129 million in cash and assumed debt, as the partnership looks to boost the price of its units and reduce debt. The sale by Valencia-based Newhall, whose Newhall Ranch development north of Los Angeles is twice the size of Manhattan, will contribute about $74 million to fourth-quarter net income, it said Friday. Newhall identified the buyer as a real estate investment trust. It didn't elaborate.
BUSINESS
August 23, 2000 | JESUS SANCHEZ, TIMES STAFF WRITER
Newhall Land & Farming Co. has agreed to sell the Valencia Town Center mall--the shopping hub of the booming Santa Clarita Valley--and nearby retail property to RREEF, a Chicago-based real estate investment firm. Newhall Land officials said the real estate company anticipates closing escrow on the sale of the 800,000-square-foot enclosed mall and adjacent property on newly built Town Center Drive by the end of September.
CALIFORNIA | LOCAL
March 15, 2000 | By TRACI ISAACS,
About 100 residents descended on Fillmore City Hall on Tuesday to protest the city's recent settlement of a lawsuit against Newhall Land & Farming Co. Residents blasted city officials for accepting $300,000 from Newhall Land to offset traffic impacts in exchange for dropping out of a lawsuit by Ventura County against the company's proposed housing development.
CALIFORNIA | LOCAL
May 1, 1999 | E. SCOTT RECKARD, TIMES STAFF WRITER
Development giant Newhall Land & Farming Co., which built Magic Mountain in the early 1970s, is planning a 400-acre addition to the venue that would include a movie special-effects attraction, a retail-entertainment complex and hotels. The project, nearly four times the size of the existing theme park, has been under study for more than two years. Newhall Land hopes to complete planning for it over the coming year, said Marlee Lauffer, a spokeswoman for the company.
CALIFORNIA | LOCAL
April 18, 1999
Re "Suit Against Newhall Ranch OKd," April 7. It is good to know that there are clear-headed people worried about Newhall Land & Farming's latest proposed fiasco. The L.A. County Supervisors approved a huge 21,000-unit development in our area because their reelection campaigns count heavily on developers, particularly Newhall Land. Nevermind the shortage of water, schools, roads and general negative impact this project will have on the environment. Newhall Land & Farming never worries about those things.
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