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词条 Landmark Land Company
释义

  1. History

  2. References

{{Infobox Company
| name = Landmark Land Company
| logo =
| founded = {{Start date and age|1971}}
| hq_location = Indian Wells, California
| area_served = United States
Europe
Caribbean
| key_people = Andy Vossler, President & CEO
| industry = Real estate development
| homepage = {{url|http://www.landmarkgolf.com/}}
}}

Landmark Land Company is a real-estate development company specializing in the creation of golf courses and upscale communities.

History

The company was formed in 1971 when Gerald G. Barton took control of Godchaux Sugar Company, a bankrupt Louisiana corporation established in 1865, and changed the name to Landmark Land.

In 1976, Landmark opened the Oak Tree Golf Club in Oklahoma, designed by Pete Dye. This was soon followed by Belle Terre Country Club in Louisiana, and the La Quinta Resort and Club and Carmel Valley Ranch, both in California. During the next 30 years Landmark built 17 more courses with Dye.

In April 1990, the company was the subject of a probe by the U.S. Securities and Exchange Commission as a result of questionable accounting practices.[1]

In May 1990, the company agreed to sell a 6,700-acre Riverside County parcel for $275 million.[2] In June 1990, the offer was withdrawn.[3]

In 1991, the company agreed to sell its assets for $739 million.[4][5] The deal fell through that year and the company filed for bankruptcy protection. Its savings and loan was seized by regulators.[6] Barton lost everything.[7][8]

Landmark moved to Indian Wells, California in 1992.[9]

In 2010, the company once again faced cash flow problems.[10] As of August 2018, the company is known as Landmark Golf, and focuses on ownership and development of golf courses.[9]

References

1. ^{{cite news | url=http://articles.latimes.com/1990-04-13/business/fi-1304_1_major-real-estate | title=SEC Probe Adds to Landmark Land Co.'s Woes : Real estate: An investigation into its accounting practices is the golf course developer's latest regulatory problem | first=TOM | last=FURLONG | publisher=Los Angeles Times | date=April 13, 1990}}
2. ^{{cite news | url=http://articles.latimes.com/1990-05-17/business/fi-531_1_oak-tree | title=Landmark, Hon Strike Deal on $275-Million Land Parcel | first=JAMES S. | last=GRANELLI | publisher=Los Angeles Times | date=May 17, 1990}}
3. ^{{cite news | url=http://articles.latimes.com/1990-06-28/business/fi-1075_1_oak-tree | title=Hon Withdraws Offer to Buy Landmark Land Parcel | first=JAMES S. | last=GRANELLI | publisher=Los Angeles Times | date=June 28, 1990}}
4. ^{{cite news | url=http://articles.latimes.com/1991-01-02/business/fi-7047_1_landmark-land-co | title=Landmark Land Co. to Sell Holdings for $739 Million | work=Associated Press | publisher=Los Angeles Times | date=January 2, 1991}}
5. ^{{cite news | url=https://www.nytimes.com/1991/01/02/business/a-739-million-asset-sale-is-seen-for-landmark-land.html | title=A $739 Million Asset Sale Is Seen for Landmark Land | first=RICHARD D. | last=HYLTON | publisher=The New York Times | date=January 2, 1991}}
6. ^{{cite news | url=https://www.washingtonpost.com/archive/business/1991/10/15/agency-seizes-thrift-that-owns-resorts/7c17d7a9-57c2-48df-ba3d-da162f14d4bb/ | title=AGENCY SEIZES THRIFT THAT OWNS RESORTS | first=Susan | last=Schmidt | publisher=The Washington Post | date=October 15, 1991}}
7. ^{{cite news | url=http://www.golf.com/tour-and-news/pga-championship-ocean-course-developer-jerry-barton-reflects | title=The Best Course He Ever Built - Kiawah Island}}
8. ^{{cite news | url=http://www.golf.com/tour-and-news/having-endured-one-banking-collapse-golf-course-developer-jerry-barton-back | title=Back from the Brink}}
9. ^{{cite web |url=http://landmarkgolf.com/history/ |title=History |publisher=Landmark Golf |accessdate=August 14, 2018}}
10. ^{{cite news | url=https://www.bizjournals.com/washington/blog/breaking_ground/2010/04/landmark_land_co_faces_cash_flow_issues.html | title=Landmark Land Co. faces cash flow issues | publisher=American City Business Journals | date=April 8, 2010}}

5 : Companies traded over-the-counter in the United States|Real estate companies established in 1971|Real estate companies of the United States|1971 establishments in Louisiana|Companies based in Riverside County, California

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