July 11, 1992 |
Pacesetter Trading to Cease: Pacesetter Business Properties said Friday that the Pacific Stock Exchange will no longer allow trading of its stock after Monday. The financially ailing firm's stock is listed in the National Quotation Bureau Pink Sheets. Pacesetter Business Properties, based in Newport Beach, develops commercial and industrial buildings in Southern California. Like other commercial developers, it has been hit hard by the recession, which has stymied business expansion.
April 4, 1991 |
Pacesetter Business Properties, a small developer, said Wednesday that it lost $4.3 million on revenue of $8.5 million last year and has stopped developing new projects. Losses in 1989 were $3.5 million on revenue of $8.5 million. During the fourth quarter, the company lost $2.4 million on revenue of $1.6 million, compared to a 1989 fourth-quarter loss of $930,000 on revenue of $2.1 million.