May 31, 1990 |
The Koll Co. and a Japanese partner have bought nearly 300 acres in Riverside County from Union Pacific Corp., and the Orange County developer said Wednesday it is negotiating to buy still more property from the railroad holding company. Koll and Ohbayashi America Corp., whose parent is one of the largest contractors in the world, paid $32 million for 297 acres in the unincorporated Mira Loma area at the northwestern tip of Riverside County.
May 2, 1990 |
Pumped up by a slew of buyer incentive plans offered by builders, new-home sales in Riverside County rose during the first quarter to reverse the downward slide of the previous three quarters, a regional real estate research firm said Tuesday. During the first three-month period of 1990, 3,409 new homes were sold in the county, up 16.4% from 2,930 sales in the fourth quarter of 1989, the Meyers Group reported.
April 22, 1990 |
Besides a dozen or so large ranch houses and a few scattered neighborhoods, south Corona is a land of tree farms, lemon and orange groves and well-weathered roads. But within the next 20 years, city officials say, it will be the site of Corona's newest planned communities, with a total of up to 12,500 homes stretching south into the lower Santa Ana foothills.
January 19, 1990 |
Westamerica Inc., a publicly owned residential development company, said Thursday that it is negotiating to sell two vacant subdivisions in Riverside County in a deal worth $12 million to $14 million. The prospective buyer is Griffin Homes, a privately held developer headquartered in Calabasas, according to a report Westamerica filed with the Securities and Exchange Commission. Officials at Griffin could not be reached for comment.
January 5, 1990
When Union Pacific Corp. put its massive landholdings up for sale, Koll Co. wasn't the only local developer that went shopping. (In the largest deal in its history, Koll bought a half-billion dollars worth of land and buildings from the railroad recently.) SDC Development, a much smaller neighbor of Koll's in Newport Beach, paid Union Pacific $16 million for an industrial park called Mira Loma Industrial Center in Riverside County.
August 11, 1989 |
Burke Commercial Real Estate, Orange, reported revenue of $350 million for its 1989 fiscal year. The real estate brokerage increased its number of transactions by 20% this year, the company said. Burke operates in Orange and Riverside counties. The firm handled the second-largest transaction in its 20-year history this year, the $19.7-million sale of State College Park business center in Anaheim. The property was bought by Burke clients Hutton Development Co. and Japanese investor Tobishima Co.