Race park concert deal proves to be a winner Jan 7, 2009
SHRP, in turn, is owned by publicly traded Houston company Maxxam Inc. ... Regulatory filings by parent-company Maxxam show concert revenue jumped to $4. (Houston Business Journal, TX)
Last tree-sitters come down Sep 24, 2008
It also pledged to avoid cutting down trees in vast swaths, or clear-cutting, a practice that the timber giant had aggressively practiced under its previous owner, Maxxam Inc. ... And tree-sits were just part of the fight that began almost as soon as Texas financier Charles Hurwitz, chairman of Maxxam, Inc. acquired Pacific Lumber with junk bonds in 1986 ... But it does feel like a great weight has been lifted from the shoulders of southern Humboldt County to have Maxxam gone. (San Diego Union-Tribune)
Last tree-sitters leave Calif. redwoods Sep 24, 2008
It also pledged to avoid clear-cutting, or cutting down trees in vast swaths, a practice that the timber giant aggressively practiced under its previous owner, Maxxam Inc.. Environmentalists are cautiously optimistic that the company will do as it promises. (MSNBC -- Environment)
OMERS acquiring lab services network Sep 12, 2008
7-billion hostile bid for Teranet Income Fund, is buying Maxxam Analytics International Corp. through its private equity division. Maxxam has 1,500 employees, and handles more than 1. (Globe and Mail -- Business)
Australian firms in starting blocks for London gold Aug 31, 2008
For example, BHP Billiton has provided the ores in the medals, Bluescope provided materials for the Olympic Torch, and the Torch relay was organised by Australian company, Maxxam International, led by their energetic managing director Di Henry. Behind the scenes, Australian exporters - large and small - have been helping China to put on the greatest show on earth. (Sydney Morning Herald -- Business)
Student Council older but better Aug 17, 2008
Student Council went into that race with the Maxxam Gold Cup at Sam Houston in early 2007 as his only stakes win. Since then, he has become a fixture in the handicap division. (ESPN -- Horse Racing)
Grande Portage Resources Ltd. Announces Updates Jul 23, 2008
Personnel under the direction of Wardrop will collect the samples, along with blank and duplicate samples for quality control measures, and submit them to Maxxam Analytics Inc. in Burnaby, B.C. for analysis. The Company will drill between 1,000 to 2,000 metres of core to test for extensions of the known mineralization at Merry Widow open pit. (Canada Newswire)
Dragon boat festival raises more than $50000 Jul 22, 2008
In the corporate division, the Blazing Paddles won in 1:20, followed by the Flying Buttresses at 1:22, ADI Athletics at 1:24, and Maxxam Analytics Dragon Flyers at 1:30. In the survivor division, the Sister Ship from Calgary placed first with a time of 4:19 over three heats, Cape Breastoners in 4:21, From C to Sea (Calgary) at 4:24 and A Breast a River (New Glasgow) in 4:27. (Cape Breton Post)
Court approves Maxxam-backed reorganization plan Jun 7, 2008
A Texas federal bankruptcy court on Friday gave preliminary approval to a reorganization proposal affecting Maxxam Inc. subsidiary ... The company has been at the center of an environmental controversy related to foresting practices for two decades since it was acquired by Houston-based Maxxam (NYSE: MXM) in a junk bond financing deal in 1986 ... Maxxam's board also backed the reorganization, saying it would "represent the best outcome for the company and its workers.". (Houston Business Journal, TX)
Court to OK Maxxam plan Jun 7, 2008
A timber company controlled by Gap founder Donald Fisher won court approval to help buy Maxxam's bankrupt units for $580 million, including more than 210,000 acres of Northern California forest. U.S. Bankruptcy Judge Richard Schmidt said Friday he will approve a reorganization plan for all six Maxxam units sponsored by Marathon Structured Finance Fund and Mendocino Redwood, which is controlled by the Fisher family ... The Maxxam units, including Scotia Pacific Co. and Pacific Lumber, filed for... (Houston Chronicle)
Hurwitz re-elected to Maxxam board Jun 3, 2008
Chairman and Chief Executive Officer Charles Hurwitz was returned as a director of Maxxam Inc. at the annual meeting of shareholders, the company said Monday ... Houston-based Maxxam (AMEX: MXM) reported a net loss of $46 ... A Texas federal bankruptcy court in Corpus Christi is expected to rule soon on the long-standing litigation involving Maxxam subsidiary Pacific Lumber Co., which has been stuck in Chapter 11 bankruptcy proceedings after piling up $700 million in debt. (Houston Business Journal, TX)
Robert Cruikshank Jun 3, 2008
Hurwitz re-elected to Maxxam board - Houston Business Journal ... Hurwitz re-elected to Maxxam board ... Chairman and Chief Executive Officer Charles Hurwitz was returned as a director of Maxxam Inc. at the annual meeting of shareholders, the company said Monday. (Houston Business Journal, TX)
New Fashion District Complex Opens May 3, 2008
Beverly Hills-based real estate investment firm Maxxam Enterprises has opened a new, 50,000-square-foot wholesale center at 1025 Towne Ave., between Tenth and 12th streets in the Fashion District. Maxxam acquired the two-story former warehouse and manufacturing facility in 2005 and spent nearly 5 million on structural upgrades, including the addition of parking ramps and an elevator, and a faade makeover ... "We have been very active in this area," said Danny Soroudi of Maxxam. (Los Angeles Downtown News, CA)
Newsom's 2 mentors split over torch protests Mar 30, 2008
The Fisher clan, with the help of hedge fund backers, made a $500 million offer to take over the lumber giant and its heavily logged redwood forests on the condition that a federal Bankruptcy Court judge evict its current owner, Houston financier Charles Hurwitz and his Maxxam Group. Maxxam is trying to hang onto the property under a bankruptcy reorganization ... The Schwarzenegger administration had been studying the plan with interest - at least until this past week, when Maxxam's creditors... (San Francisco Chronicle -- Politics)
Too much to bear - torch relay and protesters fire up Mar 29, 2008
In any torch relay there are a "million variables" and things can go wrong, said the woman whose company, Maxxam International, has organised numerous relays, including for the Sydney and Athens Olympic Games and the Commonwealth Games in Melbourne and Manchester. There were concerns in Athens on Monday that the sun would not come out to light the mirror that gives the torch its first spark, the mother flame. (Sydney Morning Herald -- World)
Race Park, Live Nation ready to roll in the rock Mar 24, 2008
Diversifying the entertainment options, boosting attendance at race park events and creating more awareness about the 300-acre facility was the mandate of Andrea Young, who was brought in as Sam Houston's chief operating officer in April 2007 by the park's majority owners, Houston-based Maxxam Inc. ... Young, who has a background in sports management, including her most recent stint as president and CEO of the Houston Comets basketball team, says Maxxam believed the best strategy going forward... (Houston Business Journal, TX)
Redwood wrangle It may be a new day for logging Feb 10, 2008
Redwood wrangle / It may be a new day for logging (San Francisco Chronicle -- Opinion)
Nature Conservancy proposes plan to save troubled Pacific Lumber Jan 16, 2008
Three weeks after the founders of the Gap said they would invest $200 million in a plan to buy the Pacific Lumber Co. out of bankruptcy, a coalition of environmental groups led by the Nature Conservancy is today announcing a rival plan to take the redwood logging firm away from its current owner, Houston financier Charles Hurwitz and his Maxxam Corp. ... The case is being heard in Corpus Christi, Texas - close to Maxxam's headquarters - where federal Bankruptcy Court Judge Richard Schmidt will... (San Francisco Chronicle -- Business)
Lecomte gives early look at Triple Crown talent Jan 10, 2008
Jones said Honest Man is a possible runner in the Jan. 26 Maxxam Gold Cup at Sam Houston, but that Honest Man could "stay right there in New Orleans and do one more allowance race.". Honest Man, a 4-year-old Unbridled's Song colt, won an entry-level allowance race by more than five lengths on Dec. 5, and on Saturday won a second-level allowance by almost three, clocking a good 1 1/16-mile time of 1:44. (MSNBC -- Sports)
SCRIPPS HOWARD NEWS SERVICE NEWS BUDGET Dec 25, 2007
FORESTPLAN (Abate, San Francisco Chronicle) -- The San Francisco family that founded the Gap has promised to invest $200 million in a plan to revive the bankrupt Pacific Lumber Co. and restore its heavily logged redwood forests -- if a federal judge evicts its current owner, Houston financier Charles Hurwitz and his Maxxam Corp. 700. PETROGLYPHS (Loomis, Salt Lake Tribune) -- ST GEORGE, Utah: Utah's fastest-growing cities are gobbling up millennium-old rock art, such as the ancient carvings in... (Scripps Howard News Wire)
Gap family offers millions to help revive Humboldt logging firm Dec 23, 2007
The San Francisco family that founded the Gap has promised to invest $200 million in a plan to revive the bankrupt Pacific Lumber Co. and restore its heavily logged redwood forests - but only if a federal judge in Texas evicts its current owner, Houston financier Charles Hurwitz and his Maxxam Corp. ... That debt is a legacy of the financing Maxxam secured in 1986, when former junk-bond king Michael Milken helped Hurwitz acquire Pacific Lumber in one of the leveraged buyouts of the 1980s ... To... (San Francisco Chronicle)
Mediation doesn't settle Pacific Lumber bankruptcy dispute Dec 19, 2007
A federal judge must eventually decide whether Charles Hurwitz's Maxxam Corp. or its creditors should control some 200,000 acres of redwood forest ... That debt traces to 1986, when Maxxam acquired the Humboldt County logging company in a leveraged buyout and financed the purchase by cutting more trees ... In October, Pacific Lumber unveiled a reorganization plan before federal Bankruptcy Court Judge Richard Schmidt of Corpus Christi, Texas, who has maintained jurisdiction in the case at the... (San Francisco Chronicle -- Business)
Judge tells Pacific Lumber parties to pick a mediator Oct 25, 2007
Pacific Lumber, which is ultimately controlled by Houston financier Charles Hurwitz's Maxxam Corp., filed for bankruptcy protection in January when it was unable to make payments on what was then $714 million in bonds secured by the company's timberland. Under bankruptcy law, Pacific Lumber got the first shot at proposing a plan to reorganize the company and pay off its debts. (San Francisco Chronicle -- Business)
Judge Orders Mediator to Help Decide Redwoods' Fate Oct 25, 2007
US Judge Richard Schmidt expressed frustration at the slow pace Maxxam Inc. subsidiary Pacific Lumber Co. was moving since filing for Chapter 11 bankruptcy protection in January ... Charles Hurwitz, chairman and chief executive of Houston-based Maxxam, became the target of protestors who lived in California redwoods to prevent Pacific Lumber from cutting them down in the 1990s. (Planet Ark, United States)
Pacific Lumber wants to sell 29,000 acres of north state redwoods Oct 3, 2007
In January, the Humboldt County company sought protection from its creditors after it was unable to make a payment on roughly $714 million worth of bonds that are a holdover from the debt Houston financier Charles Hurwitz accrued when his Maxxam Corp. bought the company in 1986. Pacific Lumber's proposal is the latest development in a 20-year battle over California's signature redwood trees that has pitted environmentalists and loggers against each other and has drawn worldwide attention to one... (San Francisco Chronicle)
Student Council to Hawthorne Gold Cup Sep 26, 2007
On conventional dirt tracks he has compiled a record of 3-3-2 from 12 starts, with his biggest win having come earlier this year in the Maxxam Gold Cup at Sam Houston. Jonesboro, a Grade 3 winner of seven races, was freshened over the summer, and easily won a Remington Park allowance race in his most recent start. (ESPN -- Horse Racing)
Company town may lose company Sep 11, 2007
Maxxam, a Houston-based corporation, bought PALCO in 1986, then fought environmentalists in the 1990s over plans to trim debt by harvesting thousands of acres of old-growth redwoods. In 1999, PALCO signed a landmark deal that protected most of that timber. (USA Today)
William "Billy" Burge III Aug 28, 2007
Friedman, who is vice chairman and general counsel of Houston-based Maxxam Inc. (NYSE: MXM), was appointed to the Sports Authority by Houston City Council in 2003. He has been acting as vice chair of the board. (Houston Business Journal, TX)
FDIC asks appeals court to drop $72.3 million fine Aug 8, 2007
3 million fine for bullying financier Charles Hurwitz, whose Maxxam Corp. controls Pacific Lumber ... The roots of the FDIC's investigation into Hurwitz and Maxxam stretch back to the mid-1980s, when the Texas financier, working with the now-defunct junk-bond firm Drexel Burnham Lambert, engaged in business dealings that involved a Texas savings and loan institution called United Savings. (San Francisco Chronicle -- Business)
Hurwitz Hands Off At Maxxam Jun 4, 2007
Now the daddy of controversial business battles is ceding a measure of control of his conglomerate Maxxam (amex: - - ) to his son Shawn, who will assume the post of president ... And Julia "Butterfly" Hill gained national attention for the cause when she spent two years living in a 200-foot-tall redwood she named "Luna." Eventually, she paid Maxxam $50,000 to spare the tree ... Simplicity Pattern Co. was his next move, and after taking cash out of its pension plan and selling its assets, he... (Forbes -- Business)
Hurwitz takes over as president at Maxxam Jun 3, 2007
Maxxam Inc. on Friday promoted Shawn Hurwitz to president ... Hurwitz, who begins his duties immediately, take over the role from Charles Hurwitz, who will remain CEO and chairman of Maxxam's board ... Maxxam (AMEX: MXM) has business interests in three industries: Forest products, real estate investment and development and racing operations. (Houston Business Journal, TX)
Maxxam's first-quarter loss widens May 17, 2007
A host of problems plagued Maxxam Inc. in the first quarter. Houston-based Maxxam reported a net loss of $12 ... Maxxam (AMEX: MXM), through its subsidiaries, engages in forest products, real estate investment and development and racing operations. (Houston Business Journal, TX)
Pacific Lumber case to be tried in Texas Apr 21, 2007
" Pacific Lumber was acquired in 1986 by Houston financier Charles Hurwitz and his Maxxam Corp. in one of the storied junk bond takeovers of that era. Schmidt described the bankrupt entities as the forest products group of Maxxam. "It is clear that they act as a group of Maxxam, are controlled by Maxxam and. are supported by the corporate staff of Maxxam," he wrote. The order includes some assurances for the company's environmental critics, saying the bankruptcy case does not void state or... (San Francisco Chronicle -- Business)
SAN FRANCISCO Apr 21, 2007
But because Hurwitz and Maxxam are not in bankruptcy protection, Warren said it is possible the plaintiffs could ask the bankruptcy judge to let the case against them proceed. Barbara Lyons, an attorney for Wilson and Maranto, said the plaintiffs have not decided how to deal with the issue. (San Francisco Chronicle)
SHOOTING STARS: Magician eager to see 'Nathan!' succeed Mar 26, 2007
Las Vegas-based Maxxam Entertainment is producing the pilot; chief executive officer Don Barnhart (whose credits include such hits as "Mork " and "Full House") will call the shots. The V Theatre will play itself during the onstage portions of the scripted show, Burton notes. (Las Vegas Review-Journal -- Life)
Venue for lumber case argued Mar 7, 2007
A federal Bankruptcy Court judge in Corpus Christi, Texas, heard arguments Tuesday about whether the Pacific Lumber Co. bankruptcy case should be transferred to Oakland, as most of its creditors want, or left in Texas, which is home to its corporate parent, Charles Hurwitz's Maxxam Inc. ... The company, which has warred with environmental and political leaders in California for two decades over its redwood-logging practices, filed for Chapter 11 reorganization in Corpus Christi, where Maxxam had... (San Francisco Chronicle -- Business)
Letters to the Editor for Feb. 14 Feb 15, 2007
In regard to the PalCo bankruptcy filing ("PalCo's financial woes felt locally," Feb. 8), please do not forget that Charles Hurwitz, through the Maxxam Corporation and with the help of Michael Milken (famous for junk bond financing), took over Pacific Lumber in a leveraged buyout in 1986. Maxxam incurred a $714 debt when it took over Pacific Lumber, and then doubled the cut of ancient redwoods ... In 1999, the Headwaters Forest deal paid Hurwitz's Maxxam Corporation $480 Million for 10,000 acres... (Daily Triplicate)
Investigation: Who Receives, Donates Most Campaign Cash? Feb 10, 2007
(Tie) Landry's Restaurants and owner Tilman Fertitta: $23,000 MAXXAM PAC, a political action committee supporting gambling and gaming: $23,000 Plumber's Local Union #68: $23,000. CenterPoint Energy: $22,000. (Click2Houston, TX)
Schwarzenegger to defend North Coast redwoods Jan 29, 2007
Pacific Lumber Co., a subsidiary of Houston-based Maxxam Corp., sought bankruptcy protection in Texas earlier this month, saying it could no longer make a profit because of logging restrictions on its 200,000 acres of timberlands in Humboldt County. The Scotia-based company blamed state water regulations, separate from the logging rules it agreed to in 1999 as part of a "habitat conservation plan" to protect endangered species. (North County Times)
Greens, lawmakers want Headwaters forest protections maintained Jan 25, 2007
Pacific Lumber is a subsidiary of Houston-based Maxxam. It filed for Chapter 11 bankruptcy protection in Corpus Christi on Friday. (KSLA.com, LA)
Pacific Lumber leans Jan 20, 2007
" In December, it filed a lawsuit in a state court in Fresno charging that the state has not lived up to its part in the Headwaters deal. The state attorney general's office and the California Department of Forestry did not answer questions about that suit, but the dispute is well known. The forestry department and the California Department of Fish and Game signed the Headwaters deal. But the State Water Resources Control Board did not, and environmentalists have persuaded it to limit Pacific... (San Francisco Chronicle -- Business)
Pacific Lumber files for bankruptcy, blames 'Headwaters' deal Jan 20, 2007
"This is a way for our company to get some breathing room."Pacific Lumber, a subsidiary of Houston-based Maxxam Corp., the federal government and the State of California signed a deal that gave the company $300 million and 7,700 acres of public timberland in exchange for 5,600 acres of company land that contained some of the oldest and tallest redwood trees in the world ... Dianne Feinstein, who brokered the Headwaters agreement with Maxxam ... Maxxam's stock fell $1. (Fresno Bee -- Business)
SHOOTING STARS: 'Thirteen' returns for pick-up shots Jan 8, 2007
Revving up: Las Vegas-based Maxxam Entertainment's "CarWorld With Skip Carr" rolls on, with Maxxam co-founder Skip Burrows (alias Skip Carr) filming at 17 (count 'em, 17) private area locations this week. Devoted to motor sports and viewers' car-building questions, "CarWorld" already has filmed at Las Vegas Motor Speedway, Sam Boyd Stadium and several Southern California locations since its mid-December start. (Las Vegas Review-Journal -- Life)
Company town carved from old growth faces uncertain future Jan 2, 2007
Citing declining timber prices and a need to raise cash, its Houston-based parent company, Maxxam Inc., plans to sell Scotia's 270 homes, stores, pair of churches, hotel, museum, movie theater and recreation center in 2007 ... "It's at the point here where the people don't know if they will have a job next week or not," said Berti, who like many old-timers speaks nostalgically of the days before the family that owned PalCo sold it to Maxxam in 1987 ... But in the town, mistrust of whether it... (Fresno Bee -- Business)
Las Vegas production company has eye on Hollywood Jan 1, 2007
MaxxaM Entertainment has 'Actor' reality project ready to go ... Director Don Lewis Barnhart and special effects creator Skip Burrows have formed the production company, MaxxaM Entertainment, and recently completed "So You Wanna Be an Actor," the pilot for a reality TV show ... The duo formed MaxxaM Entertainment two years ago and recently shot their first production at the Stardust. (Las Vegas Review-Journal -- Life)
SHOOTING STARS: 2007 production calendar busy Jan 1, 2007
Jan. 01, 2007 Copyright. Las Vegas Review-Journal. (Las Vegas Review-Journal -- Life)
