Multi-billion dollar Bahamas project is the only place showing construction progress in the GINNdom. New lawsuit alleges appraisal fraud. Palm Coast, Florida – June 18, 2009 – In a recent NY Times business news article, Bobby Ginn said he faced thirty lawsuits. Add another to the list. A suit was filed June 9th in the […]
This partially developed private community outside Columbia, SC was purchased by the Ginn Company during the real estate boom. Reynolds Communities has been managing it since last year. Palm Coast, Florida – June 17, 2009 – Another "former" Ginn community is rumored to have been sold. Cobblestone Park is a luxury private community outside Columbia, […]
Plan review and inspection fees will drop by 90% until Jan 1 2012 to help reduce the $6 million surplus in the department. Palm Coast, Florida – June 16, 2009 – The Palm Coast City Council approved a resolution today that will reduce the city’s building department fees for plan review and inspection by 90% […]
WalMart, ABC Liquor, Days Inn, Beach Village Apartments, CVS Pharmacy, Old Kings Road and Epic Theaters Palm Coast, Florida – June 15, 2009 – There’s some commercial development activity in Palm Coast, FL lately. Here’s the latest on the status of some projects that have been publicized and some that have not. WalMart SuperCenter – […]
Contentious issue put off another 3 weeks to allow county staff to review material. Issue now scheduled for July 6th meeting. Palm Coast, Florida – June 11, 2009 – Flagler County Commissioners will have another 3 weeks before facing a contentious decision. Ginn-LA Marina (the Ginn Company) has petitioned to move 1,147 previously approved residential […]
Florida’s filing fee for foreclosing on a $250 thousand mortgage goes from $295 to $1,900 Palm Coast, Florida – June 10, 2009 – With the help of legislators, Florida is cashing in on the foreclosure boom at the expense of lenders and borrowers. Effective June 1, Florida’s foreclosure filing fee jumps from a fixed $295 […]
Company Secures $110 Million in New Funding for Operations. Ongoing Operations Will Continue With Minimal Interruption. Palm Coast, Florida – June 10, 2009 – (Updated June 20, 2009) Crescent Resources filed for protection from creditors today under Chapter 11 of the U.S. Bankruptcy code. Crescent is the parent of Palm Coast’s second largest real estate […]
Latest building schedule response from Epic Theatres is not encouraging. Palm Coast, Florida – June 9, 2009 – The 14-screen movie theater and retail complex planned for Town Center in Palm Coast, FL is not coming anytime soon. Epic Theatres applied for a building permit to construct the complex in 2007. For a while, a […]
Developer of Hammock Dunes tower condominiums looking to exit Chapter 11 in 4th quarter of ’09. Palm Coast, Florida – June 8, 2009 – WCI Communities, the developer of tower condominiums at Hammock Dunes, the private Oceanside golfing community near Palm Coast, Florida, filed today a plan to emerge from Chapter 11 bankruptcy for itself […]
Did Duke play the bankruptcy card to force Morgan Stanley into selling back their 49% share of Crescent? Palm Coast, Florida – June 7, 2009 – In September ’06, Duke Energy was "forced" into divesting more than 50% of its real estate subsidiary Crescent Resources. (Crescent owns LandMar Group, Palm Coast’s second largest real estate […]