OTHER NEWS - Sept. 20, 1991

Japanese Back Off Golf, Resort Purchases: Tokyo-based Daiichi Real Estate Co. told the Office of Thrift Supervision that its investor group is unwilling to proceed with the purchase of Landmark Land Co.’s prime golf and resort assets. Daiichi said it might be interested in buying some assets separately. Last January, Carmel-based Landmark said a joint venture, led by Daiichi and including Landmark Chairman Gerald G. Barton, had agreed to buy Landmark’s best properties. Included were La Quinta and the Mission Hills and PGA West golf courses in the Palm Springs area.