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BUSINESS
July 9, 2002 | Diane Wedner
Shea Homes and the Breakers at Bear Brand Homeowners Assn. have reached a confidential settlement after an Orange County Superior Court jury in June awarded nearly $7.8 million to the Laguna Niguel homeowners association for damages due to construction defects by Walnut-based Shea Homes. The defects included mold and leaking roofs, decks and windows, according to the suit. * Diane Wedner
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BUSINESS
May 2, 2013 | Alejandro Lazo, Los Angeles Times
Construction is set to begin on the first phase of a massive housing development that is part of the city of Irvine's long-awaited Great Park project. A total of 726 single-family homes and detached condominium units are planned for Pavilion Park, which will be the first part of the Great Park Neighborhoods development. This week, eight major home builders bought land in this first offering from master developer FivePoint Communities Inc. Construction of the new homes, priced from the high $600,000 range to $1.2 million, is expected to begin this month.
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CALIFORNIA | LOCAL
August 18, 2010 | By Keith Thursby, Los Angeles Times
Edmund Shea Jr., a venture capitalist who co-founded Shea Homes, one of the nation's largest for-profit home builders, has died. He was 80. Shea died of pulmonary fibrosis Friday at his home in San Marino, according to spokesman Aaron Curtiss. As a venture capitalist, Shea invested in such startups as Adobe, Compaq computers and Peet's Coffee & Tea. "He's had an extraordinary record of success, and he did it under the radar screen," said William Brody, president of the Salk Institute in La Jolla and president emeritus of Johns Hopkins University.
BUSINESS
June 20, 2012 | By Alejandro Lazo, Los Angeles Times
Closing a deal that underscores the potential of Southern California's housing recovery, luxury builder Toll Bros. Inc. snapped up a big chunk of land in south Orange County and said it will begin work on a massive master-planned community. Toll Bros. will partner with builder Shea Homes to construct more than 2,000 homes and apartments in the Baker Ranch development in Lake Forest. Economists and analysts said the involvement of Pennsylvania-based Toll Bros., the largest builder in the luxury niche, was an encouraging sign for the market, jump-starting a long-planned development and infusing it with some high-end cachet.
BUSINESS
June 20, 2012 | By Alejandro Lazo, Los Angeles Times
Closing a deal that underscores the potential of Southern California's housing recovery, luxury builder Toll Bros. Inc. snapped up a big chunk of land in south Orange County and said it will begin work on a massive master-planned community. Toll Bros. will partner with builder Shea Homes to construct more than 2,000 homes and apartments in the Baker Ranch development in Lake Forest. Economists and analysts said the involvement of Pennsylvania-based Toll Bros., the largest builder in the luxury niche, was an encouraging sign for the market, jump-starting a long-planned development and infusing it with some high-end cachet.
REAL ESTATE
October 18, 1998
Top-selling home builders in Orange County in 1998, through the third quarter. 1. Lennar Homes: 468 homes 2. Shea Homes: 356 3. Standard Pacific: 300 4. John Laing Homes: 254 5. Hearthside Homes: 253 6. S&S Construction: 239 7. Lewis Homes: 220 8. Calif. Pacific Homes: 213 9. Richmond American: 199 10. Western Pacific Housing: 196 Source: the Meyers Group. (Results reflect Lennar Homes' acquisition of Greystone, Polygon, West Venture and Bramalea and Shea Homes' acquisition of UDC Homes.)
REAL ESTATE
August 16, 1998
1. S&S Construction: 194 2. Kaufman & Broad: 176 3. Richmond American: 102 4. Western Pacific Housing: 92 5. West Venture Homes: 91 6. Shea Homes: 90 7. Pacific Bay Homes: 80 8. Presley Homes: 79 9. Centex Homes: 78 10. EPAC: 74 * Based on net sales through second quarter, 1998. Source: Market Profiles of San Diego
BUSINESS
July 26, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
The Worldwide Church of God has hired Shea Homes, one of Southern California's largest home builders, to help guide development of the church's historic Ambassador College site in Pasadena. The church selected Shea Homes to act as its chief development consultant nearly three months after Foster City-based Legacy Partners abandoned plans to buy the 48-acre campus in west Pasadena and build a large-scale residential project.
REAL ESTATE
May 6, 1990
The most active home-building firms in California in 1989, based on number of housing starts: Company (National Ranking): Number of Housing Starts William Lyons Cos., Newport Beach (4): 6,490 Kaufman & Broad Home Corp. (7): 6,043 Lewis Homes Group of Cos., Upland (11): 4,055 A.G. Spanos Construction, Stockton (12): 3,945 J.L. Construction, Carlsbad (16): 3,011 The Lusk Co.
NEWS
April 2, 1987 | STEVEN R. CHURM, Times Staff Writer
The county Regional Planning Commission has tentatively approved a major housing project in the Puente Hills east of La Habra Heights by adopting a series of zoning changes that will allow smaller lots in the undeveloped rural area. Opponents of the 572-acre project had hoped to persuade the commission not to change the five-acre lot minimum on the slopes and ridges east of Fullerton Road.
BUSINESS
June 19, 2012 | By Alejandro Lazo, This story has been updated, as indicated below.
Underscoring the housing market's recent recovery, Toll Brothers said it will begin work on a master-planned community in Orange County this year. The luxury home developer will partner with builder Shea to construct more than 2,000 new homes in a new housing development called Baker Ranch in Lake Forest, according to a news release. The development will be a mix of single-family homes and rental apartments. The development spans 40 acres of open space and will include a central park, walkways and bike paths.
CALIFORNIA | LOCAL
August 18, 2010 | By Keith Thursby, Los Angeles Times
Edmund Shea Jr., a venture capitalist who co-founded Shea Homes, one of the nation's largest for-profit home builders, has died. He was 80. Shea died of pulmonary fibrosis Friday at his home in San Marino, according to spokesman Aaron Curtiss. As a venture capitalist, Shea invested in such startups as Adobe, Compaq computers and Peet's Coffee & Tea. "He's had an extraordinary record of success, and he did it under the radar screen," said William Brody, president of the Salk Institute in La Jolla and president emeritus of Johns Hopkins University.
OPINION
August 28, 2005
Re "Bolsa Chica Project May Get Extra Aid," Aug. 24 I must take umbrage with your conclusion that "the Bolsa Chica restoration marks the last chapter of a decades-long battle over the marshland." There are still 50 acres of Bolsa Chica owned by Shea Homes that are threatened by houses. A Huntington Beach resident owns another six acres that are home to a sacred Indian site and a World War II bunker, which also might be paved over. And don't forget that the sale of the lower Bolsa Chica Mesa has not yet been completed.
CALIFORNIA | LOCAL
September 16, 2004 | Gregory W. Griggs, Times Staff Writer
High land prices, restrictive zoning and planning delays are impediments to creating more affordable housing in Ventura County, a panel of experts said Wednesday. The need for such housing in the county has never been greater, but creating lower-priced shelter will take more cooperation among developers, lenders and elected leaders, said Ventura City Manager Rick Cole, a speaker at the third annual Ventura County Housing Conference.
CALIFORNIA | LOCAL
September 20, 2003 | Tony Perry and Jia-Rui Chong, Times Staff Writers
In what the police chief branded "an act of domestic terrorism," four upscale homes under construction were destroyed and two damaged early Friday by arsonists who left banners bearing the name of a radical environmental group that has claimed responsibility for two other recent fires. The blazes occurred six weeks after an arson fire destroyed an apartment complex under construction in San Diego, causing $50 million in damage.
CALIFORNIA | LOCAL
October 8, 2002 | JENNIFER MENA, TIMES STAFF WRITER
The Santa Ana City Council on Monday unanimously approved a development plan for a luxury gated community and a cathedral on the last big parcel of open farmland in the city. A high school and a YMCA are also destined for the old Armstrong Ranch, which has been owned by the Segerstrom family, owners of South Coast Plaza, for more than seven decades.
NEWS
April 2, 1987 | STEVEN R. CHURM, Times Staff Writer
The county Regional Planning Commission has tentatively approved a major housing project in the Puente Hills east of La Habra Heights by adopting a series of zoning changes that will allow smaller lot sizes in the undeveloped rural area. Opponents of the 572-acre project had hoped to persuade the commission not to change the five-acre lot minimum on the slopes and ridges east of Fullerton Road.
BUSINESS
July 26, 2002 | JESUS SANCHEZ, TIMES STAFF WRITER
The Worldwide Church of God has hired Shea Homes, one of Southern California's largest home builders, to help guide development of the church's historic Ambassador College site in Pasadena. The church selected Shea Homes to act as its chief development consultant nearly three months after Foster City-based Legacy Partners abandoned plans to buy the 48-acre campus in west Pasadena and build a large-scale residential project.
BUSINESS
July 9, 2002 | Diane Wedner
Shea Homes and the Breakers at Bear Brand Homeowners Assn. have reached a confidential settlement after an Orange County Superior Court jury in June awarded nearly $7.8 million to the Laguna Niguel homeowners association for damages due to construction defects by Walnut-based Shea Homes. The defects included mold and leaking roofs, decks and windows, according to the suit. * Diane Wedner
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