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BUSINESS
April 12, 1991 | From Reuters
Donald J. Trump is thinking of selling public shares in his vast but debt-laden real estate and casino empire, sources close to the Trump Organization said Thursday. When asked about the talk in an interview, Trump said: "I wouldn't confirm or deny it." But he said: "It's something that could be considered. A lot of people would like me to do it. A lot of Wall Street people would like me to do it."
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BUSINESS
June 3, 2000 | E. SCOTT RECKARD, TIMES STAFF WRITER
A proposal to build a $500-million shopping, entertainment and lodging zone on a rundown site across from Disneyland has stalled for lack of funds. Developers say they are still aggressively seeking financing for Pointe Anaheim, an L-shaped entertainment mall with 1,050 hotel rooms and Las Vegas- and Broadway-style shows along Harbor Boulevard and Katella Avenue.
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BUSINESS
October 20, 1998 | MELINDA FULMER, TIMES STAFF WRITER
Call it overstatement--or even whining--but real estate developers and investors, spoiled by low interest rates and years of eager lenders, insist they're facing a serious liquidity crunch. Although some in the industry may be exaggerating the troubles they face, it is clear that the lending environment in Southern California and elsewhere in the nation is less hospitable than it was even a few months ago. Many building purchases have fallen through.
BUSINESS
October 20, 1998 | MELINDA FULMER, TIMES STAFF WRITER
Call it overstatement--or even whining--but real estate developers and investors, spoiled by low interest rates and years of eager lenders, insist they're facing a serious liquidity crunch. Although some in the industry may be exaggerating the troubles they face, it is clear that the lending environment in Southern California and elsewhere in the nation is less hospitable than it was even a few months ago. Many building purchases have fallen through.
CALIFORNIA | LOCAL
December 28, 1991 | JOHN SCHWADA, TIMES STAFF WRITER
Developers who built along Ventura Boulevard in recent years are squawking loudly and threatening legal action after being hit with large bills from City Hall for fees earmarked for improving traffic conditions along the boulevard. The clamor for relief has reached the point where the city is now studying ways to make the fees more palatable by giving property owners more time to pay them, officials with the city planning and transportation departments said Friday.
BUSINESS
June 3, 2000 | E. SCOTT RECKARD, TIMES STAFF WRITER
A proposal to build a $500-million shopping, entertainment and lodging zone on a rundown site across from Disneyland has stalled for lack of funds. Developers say they are still aggressively seeking financing for Pointe Anaheim, an L-shaped entertainment mall with 1,050 hotel rooms and Las Vegas- and Broadway-style shows along Harbor Boulevard and Katella Avenue.
BUSINESS
September 8, 1992 | JACK SEARLES
With U.S. lenders continuing to shy away from construction projects, a Thousand Oaks-based developer, Meeker Land & Development Co., has turned to a French bank, Banque Sofal, to finance two new residential projects in northwest Oxnard. Banque Sofal is providing $30 million in credit for the twin development of moderately priced houses at Vineyard Avenue and Ventura Road. "We think European financing will become a trend among U.S. developers," said Richard K.
CALIFORNIA | LOCAL
July 15, 1993 | WILLSON CUMMER
The City Council has given the developer of a stalled 335-unit housing project its fifth extension while the company awaits construction financing from a lender in the Philippines. The council approved the 180-day extension unanimously Tuesday night. The city gave the Jan Development Co. approval in 1989 to build the Park Stanton Place, a housing project for low-income senior citizens, at 7622 Katella Ave., but the company has had difficulty securing loans.
BUSINESS
November 28, 1996 | MELINDA FULMER, SPECIAL TO THE TIMES
The owners of Lakeshore Towers, one of Orange County's tallest office buildings, have filed for bankruptcy and may lose possession of the sleek 19-story structure. The partnership that owns the 378,000-square-foot building and other structures near the San Diego Freeway and Von Karman Avenue recently filed for Chapter 11 bankruptcy protection after it was unable to meet loan payments. Real estate analysts say the partnership's largest creditor, the Fuji Bank Ltd.
BUSINESS
April 1, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Coping with foreclosures, deepening debt, tax troubles and a dearth of construction loans, Pacesetter Homes Inc. reported Tuesday that it sank deeper into the red in 1991. The home builder said it lost $13.08 million, or $8.68 per share, for the year ended Dec. 31, compared to a net loss of $4.88 million, or $3.24 per share, for the previous fiscal year. The company also posted sharply lower revenue--$33.42 million, down from $48.6 million in 1990.
BUSINESS
November 28, 1996 | MELINDA FULMER, SPECIAL TO THE TIMES
The owners of Lakeshore Towers, one of Orange County's tallest office buildings, have filed for bankruptcy and may lose possession of the sleek 19-story structure. The partnership that owns the 378,000-square-foot building and other structures near the San Diego Freeway and Von Karman Avenue recently filed for Chapter 11 bankruptcy protection after it was unable to meet loan payments. Real estate analysts say the partnership's largest creditor, the Fuji Bank Ltd.
CALIFORNIA | LOCAL
July 15, 1993 | WILLSON CUMMER
The City Council has given the developer of a stalled 335-unit housing project its fifth extension while the company awaits construction financing from a lender in the Philippines. The council approved the 180-day extension unanimously Tuesday night. The city gave the Jan Development Co. approval in 1989 to build the Park Stanton Place, a housing project for low-income senior citizens, at 7622 Katella Ave., but the company has had difficulty securing loans.
BUSINESS
September 8, 1992 | JACK SEARLES
With U.S. lenders continuing to shy away from construction projects, a Thousand Oaks-based developer, Meeker Land & Development Co., has turned to a French bank, Banque Sofal, to finance two new residential projects in northwest Oxnard. Banque Sofal is providing $30 million in credit for the twin development of moderately priced houses at Vineyard Avenue and Ventura Road. "We think European financing will become a trend among U.S. developers," said Richard K.
BUSINESS
April 1, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Coping with foreclosures, deepening debt, tax troubles and a dearth of construction loans, Pacesetter Homes Inc. reported Tuesday that it sank deeper into the red in 1991. The home builder said it lost $13.08 million, or $8.68 per share, for the year ended Dec. 31, compared to a net loss of $4.88 million, or $3.24 per share, for the previous fiscal year. The company also posted sharply lower revenue--$33.42 million, down from $48.6 million in 1990.
CALIFORNIA | LOCAL
December 28, 1991 | JOHN SCHWADA, TIMES STAFF WRITER
Developers who built along Ventura Boulevard in recent years are squawking loudly and threatening legal action after being hit with large bills from City Hall for fees earmarked for improving traffic conditions along the boulevard. The clamor for relief has reached the point where the city is now studying ways to make the fees more palatable by giving property owners more time to pay them, officials with the city planning and transportation departments said Friday.
BUSINESS
April 12, 1991 | From Reuters
Donald J. Trump is thinking of selling public shares in his vast but debt-laden real estate and casino empire, sources close to the Trump Organization said Thursday. When asked about the talk in an interview, Trump said: "I wouldn't confirm or deny it." But he said: "It's something that could be considered. A lot of people would like me to do it. A lot of Wall Street people would like me to do it."
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