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BUSINESS
September 3, 1998 | Dow Jones
Costa Mesa home builder Standard Pacific Corp. said it has completed its acquisition of the Phoenix home building operations of UDC Homes Inc. for about $58 million. Standard Pacific said the transaction includes a backlog of nearly 400 pre-sold homes and certain finished lot positions. The company also obtains rights to acquire additional properties representing a portion of the UDC Homes' Phoenix single-family-home building operation that was recently acquired by Shea Homes.
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BUSINESS
September 3, 1998 | Dow Jones
Costa Mesa home builder Standard Pacific Corp. said it has completed its acquisition of the Phoenix home building operations of UDC Homes Inc. for about $58 million. Standard Pacific said the transaction includes a backlog of nearly 400 pre-sold homes and certain finished lot positions. The company also obtains rights to acquire additional properties representing a portion of the UDC Homes' Phoenix single-family-home building operation that was recently acquired by Shea Homes.
BUSINESS
July 11, 1998 | JESUS SANCHEZ, TIMES STAFF WRITER
Expanding its presence in Southern California and Arizona, the home-building division of Walnut-based J.F. Shea Co. said Friday that it has agreed to acquire UDC Homes, the largest home builder in Phoenix and a major developer of housing for seniors. Privately owned Shea--one of the largest home builders in the region--plans to acquire Tempe, Ariz.-based UDC in an all-cash deal, but did not disclose the purchase price.
BUSINESS
January 9, 1997 | MELINDA FULMER, Melinda Fulmer covers real estate for The Times
Expect UDC Homes to become a much bigger home building player in Orange County. The bankrupt Phoenix-based home builder, which had not grown much here or garnered many awards for its work in recent years, has undergone an extensive make-over since being acquired in 1995 by real estate developer DMB Associates. UDC officials say they now want to become one of Orange County's top 10 builders.
BUSINESS
July 11, 1998 | JESUS SANCHEZ, TIMES STAFF WRITER
Expanding its presence in Southern California and Arizona, the home-building division of Walnut-based J.F. Shea Co. said Friday that it has agreed to acquire UDC Homes, the largest home builder in Phoenix and a major developer of housing for seniors. Privately owned Shea--one of the largest home builders in the region--plans to acquire Tempe, Ariz.-based UDC in an all-cash deal, but did not disclose the purchase price.
BUSINESS
October 17, 1994 | From Times Staff and Wire Reports
Masaki Takahashi has been appointed executive vice president and chief financial officer of Mitsubishi Motor Sales of America Inc. in Cypress. He will be responsible for all of the company's financial activities in the United States. Takahashi succeeds Toshiya Yamano, who was appointed director and general manager of Mitsubishi Auto Credit Lease, Ltd., in the Tokyo finance department. * In an expansion of its management team, Sound Source Interactive announced that Eric H.
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.'
REAL ESTATE
March 10, 1996
BUILDING LEADERS 1995 Company Sales in millions *--* Rank 1995 Company 1995 1996 City, Key Officer Volume Projection 1 Kaufman & Broad Corp.* 432 ** Los Angeles, Bruce Karatz 2 Greystone Homes Inc. 293.9 ** Los Angeles, Jack R. Harter 3 Standard Pacific Corp. 266 ** Costa Mesa, Ronald R. Foell 4 Pardee Construction Co. 231 297.5 Los Angeles, David E. Landon 5 Lewis Homes Group of Companies 210.5 210 Upland, Richard A. Lewis 6 Centex Real Estate Corp.* 191 212.9 Corona, Larry B.
BUSINESS
January 9, 1997 | MELINDA FULMER, Melinda Fulmer covers real estate for The Times
Expect UDC Homes to become a much bigger home building player in Orange County. The bankrupt Phoenix-based home builder, which had not grown much here or garnered many awards for its work in recent years, has undergone an extensive make-over since being acquired in 1995 by real estate developer DMB Associates. UDC officials say they now want to become one of Orange County's top 10 builders.
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