Word: ranchos
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Dates: during 1960-1969
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TOURNAMENT OF CHAMPIONS (ABC, 4-5 p.m.). A field including Jack Nicklaus, Arnold Palmer, Billy Casper, Lee Trevino and last year's champ Don January will be trying for the $30,000 first prize. Final round Sunday, 4-5:30 p.m. From La Cos ta Country Club, Rancho La Costa,Calif...
...recreational and agricultural real estate. The three will pool $175 million in cash and properties. Among the latter are Aetna's 630-acre Warner Ranch near downtown Burbank, the Kaiser Companies' 6,000-acre Hawaii Kai residential and resort complex in Honolulu and the 87,500-acre Rancho California project 80 miles southeast of Los Angeles. In a similar venture, American Standard Inc., the plumbing potentate, joined last week with Herbert J. Kendall, a New Jersey builder, to erect a 715-acre community ten miles from Princeton...
...well-stocked with real estate through its rail-related holdings, the Pennsy spent some $80 million to get more. It bought into Arvida Corp., Great Southwest Corp. and Macco Realty Co., which deal in real estate in California, Texas and Florida. Through its subsidiaries, the Pennsy is now developing Rancho California, an 87,500-acre residential project near Los Angeles; it is opening industrial and recreational parks in the Dallas and Fort...
...with builders-often by merger, sometimes through joint ventures. Last year, for example, Westinghouse Electric acquired Florida's Coral Ridge Properties and is now busy building a city for 60,000 residents near Fort Lauderdale. Pennsylvania Railroad's Macco Realty Co. is developing an 87,500-acre Rancho California community near Los Angeles with Kaiser Industries and Kaiser Aluminum & Chemical Corp. American Standard Inc., the nation's biggest plumbing manufacturer, this year joined a 4,500-house venture in California's Ventura County...
...first thing everybody noticed when Arnie arrived at Los Angeles' Rancho Municipal Golf Course was that he was back on cigarettes, after a year of trying to give them up. He was also belting his drives with fresh gusto, and he was using a new putter. On the first day, he limbered up with a so-so 72. Next day he cut his score to a five-under 66, and in the third round he was the old Arnold Palmer. His tee shots carried 310 yds. or more, and his putting was uncanny: twelve times in 18 holes...