Orange County Developer Plans Big Cutback: Santa...
From Times Staff and Wire Reports
Orange County Developer Plans Big Cutback: Santa Margarita Co., which owns 40,000 acres in southern Orange County, said land sales have fallen so sharply that it will delay some planned projects and lay off 21 people--15% of its work force. President Anthony R. Moiso said the company anticipates “very low revenues” for the next two years.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
