- 4 - FINDINGS OF FACT Some of the facts have been stipulated and are so found. The first and second stipulations of facts and the attached exhibits are incorporated herein by this reference. Petitioners resided in Atherton, California, when their petitions were filed. I. Background Petitioner Justin M. Jacobs, Jr. (Jacobs) is a real estate developer and licensed attorney. Since the late 1960's, Jacobs has primarily worked in the real estate development business, having stopped the active practice of law in 1970. Jacobs has principally built office buildings for the high-tech industry in the Silicon Valley and San Francisco Bay areas of California. As of the date of trial in these cases, Jacobs had constructed approximately 45 buildings. Jacobs has also had an interest in historic buildings. Consistent with this, he has been involved in the restoration and subsequent sale of historic properties. Jacobs has renovated several houses in California, including a large Victorian-era house in Atherton, California, and a 33,000-square foot mansion situated on 6 acres in Hillsborough, California. He has also restored an 11th-century chateau located in Loiret, France, and a five-story townhouse on Sutton Square overlooking the East River in New York City. Jacobs has also been involved in the antiques business. Sometime prior to May 1981, Jacobs decided to purchase a largePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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