Pacesetter Business Properties: The Newport Beach commercial...

Pacesetter Business Properties: The Newport Beach commercial real estate company posted a net loss of $459,000, or 30 cents a share, for the second quarter, compared to a net loss of $427,000, or 28 cents a share, in last year’s second quarter. Revenue dropped 15% to $1.1 million this year from $1.3 million. The company lost $849,000, or 55 cents a share, for the first six months, compared to a loss of $835,000, or 54 cents, for the same period last year. Revenue rose 46% gain to $3.8 million from $2.6 million.