Entries by Larry Gavrich

Cliffs Sues its Old Bank and New “Partners”

The suit alleges that NBSC (National Bank of South Carolina) deceived The Cliffs and Federal regulators. Palm Coast, FL – June 14, 2011 – The saga of The Cliffs Communities is starting to read like the plotline from the former TV series “Dallas,” with Texas-size deception and intrigue. The South Carolina potboiler even involves a […]

Reynolds, Cliffs: Love It and Leave It

The Best Way for Golf Community Owners to Execute Their Vision Is to Let Others Do It Palm Coast, FL – April 16, 2011 – The true genius of visionaries is to know when to get out of the way and let others execute their visions.  I learned this when I worked for the J. […]

Big-money Texans move into The Cliffs Communities

Urbana Communities is a ”joint venture” partner with The Cliffs, raising the question of who might finish the Tiger Woods golf course and community at High Carolina. Palm Coast, FL – January 15, 2011 – All the leverage in the current real estate development market, with money as tight as it is, is with the lender, […]

Digging deep: Cliffs Communities asks owners for $60M

The Cliffs is putting up its legendary amenities, including golf courses, wellness centers and restaurants, as collateral for money it hopes to borrow from property owners. Palm Coast, FL – February 5, 2010 – The fallout from a bad economy that is wreaking havoc on the high end of the leisure residential market, as well […]