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August 2, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
One of Orange County's pioneer developers of planned communities, the Mission Viejo Co., will be sold to J.F. Shea Co., an expanding Southern California building firm, it was announced Friday. The deal is expected to fetch more than $400 million, although terms were not disclosed by Philip Morris Cos. Inc., which has owned the Mission Viejo Co. since 1972. Shea will acquire about 900 acres of undeveloped land in Mission Viejo and Aliso Viejo, and 3,600 acres in Colorado.
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BUSINESS
August 2, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
J.F Shea Co., the Walnut-based building firm, has agreed to purchase Mission Viejo Co., one of Orange County's pioneer developers of planned communities, it was announced Friday. The deal is expected to fetch more than $400 million, although terms were not disclosed by Philip Morris Cos., which has owned Mission Viejo Co. since 1972. The purchase will give Shea about 900 acres of undeveloped land in the Orange County communities of Mission Viejo and Aliso Viejo.
CALIFORNIA | LOCAL
March 31, 1998 | FRANK MESSINA, SPECIAL TO THE TIMES
On a Saturday morning in 1986, a group of residents gathered in a South County coffee shop, plotting insurrection. They were fed up with Orange County government, tired of having land-use decisions dictated to them, sick of driving 25 miles to the county seat in Santa Ana only to be, they felt, ignored. Their solution was radical for the time: cityhood. As Mission Viejo celebrates its 10th year of incorporation today, the experiment with independence seems to be working.
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