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Covington Tech Sells Palmdale Tract

By MARIA L. La GANGA
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Covington Technologies, a Fullerton home-building firm, has sold 178 lots of land in Palmdale to a Covina developer for more than $3 million and expects to realize a profit “in the high six figures.”

Deyo P. Breen, Covington president, said the land was sold to the Anden Group as part of the company’s policy of “realizing value from land development.”

Covington has developments in Orange County, Palmdale, Ontario, Moreno Valley, Sacramento and San Diego and plans to expand into San Luis Obispo County and Santa Maria.

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Covington’s Palmdale development has 130 single-family homes, all of which have been completed and sold. The company has recently embarked on a development project in San Diego, company spokeswoman Jo Etta Bandy said.

Although Covington had a net loss of $330,000 in its first half, analysts and company officials expect net income of nearly $2 million in the second half, attributable in part to the Palmdale land sale, Bandy said.

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Maria L. La Ganga

Maria L. La Ganga is the deputy managing editor for California and Metro, overseeing the Los Angeles Times’ largest editorial department. She joined The Times in 1981 as an academic intern, splitting her time between the former Metro section and National Dragster, the official publication of the National Hot Rod Assn. She has served as Seattle bureau chief, San Francisco bureau chief, edited in the Business section and pitched in on six presidential elections, five for The Times and one for the Guardian. La Ganga left The Times in 2015 and returned in 2018 after a brief hiatus during which she wrote for the Guardian and the Idaho Statesman. She was named city editor in 2022 and promoted to her current role in 2024. La Ganga graduated from Granada Hills High School in the San Fernando Valley and Cal State Northridge, where she studied English literature and journalism.

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