WESTRIDGE SALES FATTEN EARNINGS.Byline: Daily News VALENCIA Valencia, region, Spain Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia. - The sales of residential and commercial land in the Westridge For other uses, see Westridge (disambiguation). Westridge is a residential neighbourhood in Burnaby, British Columbia, Canada. Location Westridge is located on the western slope of Burnaby Mountain. It is sliced almost in half by Inlet Drive. development helped boost The Newhall Newhall may refer to:
For the three months that ended March 31, the Valencia-based developer's net income was $11.1 million, compared with $1 million in the first quarter of 2001. Quarterly revenue totaled $51.8 million, compared with $22.5 million in the first three months of 2001. The sale of 312 residential lots in Newhall Land's Westridge golf course community and the sale of 39 acres of commercial land, together with revenues from the company's income-producing properties, were primary contributors to the first-quarter earnings. Westridge is being graded west of Santa Clarita Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, at the foot of the Santa Susana Mountains The Santa Susana Mountains are a transverse range of mountains in southern California, north of the city of Los Angeles, in the United States. The range runs east-west separating the San Fernando Valley and Simi Valley on its south from Santa Clara River Valley to the north and , along The Old Road between McBean Parkway and Magic Mountain Parkway. Homes are expected to go on sale there by the end of the year. Meanwhile, Newhall Land's quarterly earnings also included continued development of the North Valencia area. Quarterly results amounted to $46.2 million to revenues and $18.5 million to net income. In the 2001 first quarter, the company's income-producing portfolio, along with the sale of 14 acres of industrial and commercial land, were primary contributors to earnings, contributing $18.5 million to revenues and $7.8 million to net income. The company has increased this year's target sales of residential lots from 1,100 to 1,400, Gary Cusumano, president and chief executive officer, said in a statement. That would prove an annual record for the company. Newhall Land expects to sell about 60 acres for commercial development this year, but has dropped its expectations for the industrial market. The housing market is the focus as new home sales New Home Sales An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. in Valencia set a first-quarter record, with merchant builders selling 426 new homes, compared with 217 homes sold for the same period last year. In Westridge, 312 residential lots were sold to MBK MBK Multiple Beam Klystron MBK Mitra Bisnis Keluarga (Indonesia microfinance) MBK Marktbearbeitungskonzept (German market development/cultivation/prospecting concept) MBK Multiple Backup Homes and Richmond American Homes For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. in the first quarter. Together, these sales contributed $14.8 million to revenues and $4.2 million to income under percentage-of-completion accounting in the 2002 first quarter. Those builders' homes will range in size from 1,550 to 2,700 square feet and in price from $260,000 to $420,000. Newhall Land anticipates more sales in Westridge in the second quarter. CAPTION(S): photo Photo: Workers grade the land at the end of Valencia Boulevard for new homes, sales of which are making area developers rich. Tom Mendoza/Staff Photographer |
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