Calprop enters escrow to purchase 120 developed lots in Sacramento.LOS ANGELES--(BUSINESS WIRE)--Feb. 22, 1995--Calprop Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CPP cpp - C preprocessor. ), a California home builder, Wednesday reported entering escrow to purchase 120 fully developed lots in the Laguna Oaks master planned development in the Elk Grove Elk Grove can refer to:
Calprop anticipates closing escrow on this proposed affordable housing project in April of this year, with a grand opening scheduled for summer and home sales expected by year-end 1995. "Sacramento is one of the state's solid and stable markets, displaying excellent fundamentals for continued growth," said Victor Zaccaglin, chairman and chief executive officer. "We believe this initial project for Calprop in Sacramento will produce a relatively rapid return on investment. The company is looking at other projects in this strong market region." Calprop, based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , builds quality homes in some of the most desirable communities in both Northern and Southern California. CONTACT: Calprop Corp., Los Angeles Mark Spiro, 310/306-4314 or The Financial Relations Board Inc. Daniel Saks, 818/783-2400 (general info) Lillian Armstrong, 415/986-1591 (analyst contact) |
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