Bloomberg.com reports quarterly results for nation’s three largest builders. Palm Coast, FL – August 4, 2009 – A Bloomberg.com report [full story] reveals quarterly earnings for the nation’s largest residential builders; D.R. Horton, Pulte, and Centex. Highlights include: D.R. Horton reported its ninth straight quarterly loss narrowed to $142.3 million. “Market conditions in the homebuilding […]
Documents show that In the 12 months before its bankruptcy, Crescent paid 17 top executives $9.2 million, an average of $543,000 each. Palm Coast, FL – August 2, 2009 – Crescent Resources, parent of Palm Coast’s second largest real estate developer LandMar Group, paid 17 top executives a total of $9.2 million in the 12 […]
A segment on the Golf Channel’s August 4th Golf in America broadcast examines the effect of Ginn’s collapse on the world of golf at large. Palm Coast, FL – August 1, 2009 – Bobby Ginn was once synonymous with Florida’s booming real estate scene. His numerous Ginn communities were marketed as the ultimate in upscale […]
Palm Coast and Flagler County residents will not have to travel so far to see a movie next year. Palm Coast, FL – August 1, 2009 – The on again/off again saga of Epic’s 14-theater movie complex at Town Center in Palm Coast, FL is on again. A Daytona Beach N-J story discusses Epics recent […]
There is life after Ginn for property owners at former Ginn development near Blowing Rock, NC. A soft opening, perhaps under a new name, is planned for fall. Palm Coat, FL – August 1, 2009 – Laurelmor, near Blowing Rock, NC was another Bobby Ginn-planned luxury community. It was also one of the properties pledged […]
Friends of Golf Steering Committee reports progress on the new Palm Coast municipal golf course. Palm Coast, FL – July 31, 2009 – The Friends of Golf Steering Committee reports on their Wednesday meeting with Kemper Sports. In a nutshell, progress is on schedule for the Palm Harbor Golf Course (Palm Coast’s new municipal golf […]
Two homes have been confirmed as having toxic drywall which originated in China. Toxic drywall can emit sulfur gas, causing health concerns and corroding metal surfaces. Palm Coast, FL – July 30, 2009 – Flagler County, Florida has registered its first two cases of toxic Chinese drywall. To date, the toxic drywall problem was limited mostly […]
Thirty-year fixed rate mortgages increase by 24 basis points in June Washington, DC – July 28, 2009 – The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less increased 24 basis points to 5.12 percent in June. The average interest rate on 15-year, […]
The rumor of a new high school located between Grand Haven and Forest Park on Colbert Lane is apparently just that, a rumor. Palm Coast, FL – July 27, 2009 – Many rumors are based on some underlying fact. A recent rumor of a new high school planned for Colbert Lane falls into this category. […]
Financing will allow the company to continue normal operations during its restructuring. Palm Coast, FL – July 25, 2009 (BUSINESS WIRE) – Crescent Resources announced Wednesday that the U.S. Bankruptcy Court in the Western District of Texas has granted final approval of the company’s $110 million debtor-in-possession (DIP) credit financing. The court had previously granted […]