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Santa Margarita Co

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BUSINESS
February 6, 1992 | JOHN O'DELL
Underscoring the impact of the construction industry's financial crunch, the Santa Margarita Co., owner of the 40,000-acre Rancho Santa Margarita, said Wednesday that it has laid off 22 employees, ranging from clerical workers to a vice president. In November, when employment was at a high of 132, the company also laid off 22 employees. In both cases, company officials said the lack of financing for builders to whom it sells land has caused a business slump.
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BUSINESS
December 11, 1996
As expected, Santa Margarita Co. has teamed up with an Arizona investor in a joint venture to develop its 4,000-acre Ladera planned community. Under the arrangement announced Tuesday, Santa Margarita's Ladera Development Co. will serve as managing partner, overseeing day-to-day planning and development. Phoenix-based DMB Associates will provide the financial backing for the project.
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BUSINESS
June 16, 1993 | John O'Dell, Times staff writer
Big doings at the ranch: the Santa Margarita Co., developer of the 5,000-acre planned community of Rancho Santa Margarita, is losing two of its top executives with the impending retirements of Thomas C. Blum, executive vice president, and Richard A. Reese, senior vice president for planning. That the two men are stepping down at almost the same time is coincidence, not a result of the recession, company officials say. Blum, 60, is retiring at the end of the month.
BUSINESS
November 12, 1996 | MELINDA FULMER, SPECIAL TO THE TIMES
In another move to cut costs in his South County real estate empire, Santa Margarita Co. President Anthony R. Moiso is selling the company's home-building affiliate, San Juan Group Inc., to Irvine builder CCL Development Inc. Terms of the deal were not disclosed. San Juan Group, which is owned by a partnership of Moiso and Santa Margarita Co. Chairman Richard O' Neill, oversees the development of the 1,000-acre Las Flores community in southern Orange County.
BUSINESS
January 26, 1995 | CHRIS WOODYARD and JAMES S. GRANELLI, TIMES STAFF WRITERS
Santa Margarita Co., the family-owned ranching and land development concern that has been a driving force behind the rapid growth in southern Orange County, said Wednesday that it will merge with apartment builder Western National Group, creating one of the state's largest real estate companies. The two firms had already tested a consolidation last summer by merging their home-building operations. "They have had a six-month engagement," said Irvine real estate consultant Ken Agid.
BUSINESS
December 9, 1992 | John O'Dell Times staff writer
Taking a cue from falling Orange County residential property values (raw land is down about 40% from the highs of 1989), the Santa Margarita Co. recently delivered a new price list to industrial land brokers that slashes land prices up to 30%, institutes a bonus program for brokers who bring in buyers and offers full 5% commissions to each procuring broker involved in a transaction instead of splitting the commission.
BUSINESS
February 10, 1996 | JOHN O'DELL and DEBORA VRANA, TIMES STAFF WRITERS
In a sign of worsening troubles for the beleaguered Santa Margarita Co., First Interstate Bank has filed a foreclosure suit on two partnerships developing homes on its South County land. Filed in Orange County Superior Court, the suit claims a partnership with Fieldstone Homes in Newport Beach failed to make a payment on a loan, of which only $5.6 million remains, for a $94-million project.
BUSINESS
September 26, 1996 | JOHN O'DELL, TIMES STAFF WRITER
The Santa Margarita Co. said Wednesday that it plans to team up with a major Arizona investor to develop its 4,000-acre Ladera project, the fourth planned development on the giant Rancho Mission Viejo. Phoenix-based DMB Associates will provide the financial backing that the cash-strapped Santa Margarita Co. needs to proceed with the new project, industry sources said. Neither Santa Margarita nor DMB would disclose financial terms. One source said Santa Margarita Co.'
BUSINESS
July 20, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
Santa Margarita Co. is asking permission from the county to develop another 1,000 acres and build 2,500 homes--bigger than all but a few residential construction projects in the county--next to its new town of Rancho Santa Margarita in southern Orange County. The new project, called Las Flores, is the company's first major effort in years to extend development of its extensive South County landholdings.
BUSINESS
January 12, 1996 | DEBORA VRANA, TIMES STAFF WRITER
The beleaguered Santa Margarita Co., one of California's largest residential landowners, said Thursday that it is negotiating with creditors, getting cash infusions and selling land in an attempt to reverse severe financial woes. Struggling to survive a real estate downturn that has crippled many Southland firms, Santa Margarita's restructuring may help it continue as a powerhouse developer rather than decline into a weaker entity reliant on its partners.
BUSINESS
September 26, 1996 | JOHN O'DELL, TIMES STAFF WRITER
The Santa Margarita Co. said Wednesday that it plans to team up with a major Arizona investor to develop its 4,000-acre Ladera project, the fourth planned development on the giant Rancho Mission Viejo. Phoenix-based DMB Associates will provide the financial backing that the cash-strapped Santa Margarita Co. needs to proceed with the new project, industry sources said. Neither Santa Margarita nor DMB would disclose financial terms. One source said Santa Margarita Co.'
CALIFORNIA | LOCAL
April 23, 1996 | RENE LYNCH, TIMES STAFF WRITER
Orange County Supervisor Marian Bergeson said Monday she wants a study to determine whether parks and recreational facilities are keeping pace in the fast-growing foothill communities. "I'm very much concerned about the future, providing adequate parks," Bergeson said. "Every effort has to be made to ensure long-term commitments to recreation."
CALIFORNIA | LOCAL
March 27, 1996 | FRANK MESSINA
A citizens group campaigning for incorporation of 10 foothill communities has filed an appeal of a recent county decision to allow a developer to decrease parkland in Rancho Santa Margarita. The appeal by the Foothill Cityhood Committee to the County Board of Supervisors argues that there is already a severe shortage of athletic fields in the area. "We have a disaster going on out here with youth athletics," committee spokesperson Ron Greek said.
BUSINESS
February 21, 1996 | JOHN O'DELL, TIMES STAFF WRITER
Computer maker Unisys Corp. said it will close its Rancho Santa Margarita computer plant later this year and move its work--but probably not many of its 250 workers--to another of its manufacturing plants. Unisys, a computer and networking systems manufacturer, has two other Orange County facilities with about 1,100 employees. Neither has yet been targeted in a corporate cutback that will claim 7,900 jobs this year, but plans are still being developed.
CALIFORNIA | LOCAL
February 10, 1996 | DEBORAH SCHOCH, TIMES STAFF WRITER
Some see this land as a prime site for an 18-hole golf course. Others call it one of the most significant habitats to be found anywhere for the troubled songbird called the California gnatcatcher. Those diverging visions have bred a lively debate over the future of Upper Chiquita Canyon, with environmentalists deploring a plan that would have rare songbirds and golfers existing side by side.
BUSINESS
February 10, 1996 | JOHN O'DELL and DEBORA VRANA, TIMES STAFF WRITERS
In a sign of worsening troubles for the beleaguered Santa Margarita Co., First Interstate Bank has filed a foreclosure suit on two partnerships developing homes on its South County land. Filed in Orange County Superior Court, the suit claims a partnership with Fieldstone Homes in Newport Beach failed to make a payment on a loan, of which only $5.6 million remains, for a $94-million project.
CALIFORNIA | LOCAL
September 13, 1995 | RENE LYNCH, TIMES STAFF WRITER
The Orange County Board of Supervisors on Tuesday hiked landfill fees 50% for the gardeners, construction workers and other small business owners who truck refuse to local landfills. * The board voted 3 to 0, with two supervisors absent, for the increase over the sole objection of hauler Paul Hyek of Fountain Valley, who complained that raising the fee from $10 to $15 for small pickup trucks threatens his ability to make a living.
BUSINESS
January 12, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Santa Margarita Co., one of state's largest residential landowners, said Thursday it is negotiating with creditors, receiving cash infusions and selling land in an attempt to reverse severe financial woes caused by Southern California's real estate slump. Struggling to survive a real estate downturn that has crippled many Southland firms, Santa Margarita's restructuring may help it continue as a powerhouse developer rather than decline into a weaker entity reliant on its partners.
BUSINESS
January 12, 1996 | DEBORA VRANA, TIMES STAFF WRITER
The beleaguered Santa Margarita Co., one of California's largest residential landowners, said Thursday that it is negotiating with creditors, getting cash infusions and selling land in an attempt to reverse severe financial woes. Struggling to survive a real estate downturn that has crippled many Southland firms, Santa Margarita's restructuring may help it continue as a powerhouse developer rather than decline into a weaker entity reliant on its partners.
BUSINESS
January 12, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Santa Margarita Co., one of state's largest residential landowners, said Thursday it is negotiating with creditors, receiving cash infusions and selling land in an attempt to reverse severe financial woes caused by Southern California's real estate slump. Struggling to survive a real estate downturn that has crippled many Southland firms, Santa Margarita's restructuring may help it continue as a powerhouse developer rather than decline into a weaker entity reliant on its partners.
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