OTHER NEWS - Feb. 11, 1993

Founder of J.M. Peters to Retire: Builder James M. Peters, who helped pioneer mass construction of high-quality, high-cost homes in Southern California, will retire Feb. 28 as president and chief executive of J.M. Peters Co., the Newport Beach-based company he founded nearly two decades ago. Peters, who sold his interest in the firm in 1985, said he is leaving after helping nurse the company to health in the wake of the 1990 collapse of its former majority owner. Chairman Hadi Makarechian, a former Washington-area builder, will add the title and duties of chief executive, and Dale Dowers, the chief operating officer, will keep that position and replace Peters as president.