More time is required for the developer to submit requested information and for County Staff to evaluate it. Palm Coast, Florida – May 28, 2009 – Flagler County Commissioners will delay consideration of a volatile issue involving Ginn-LA Marina and Hammock Beach/Ocean Hammock residents. The county must decide whether or not the real estate developer’s […]
Fifth Publix in Flagler County will open at SR 100 and Roberts Road Palm Coast, Fl – May 25, 2009 – A Publix employee confirmed the handwritten sign at the door. Publix will open its fifth Flagler County grocery store in Flagler Beach on Saturday, May 30th at 8:00 A.M. The store is located on […]
Rumor: The Golf Channel was seen at Bella Collina and Reunion Resort last week. Several players are said to have suffered losses on their investment. Palm Coast, Florida – May 24, 2009 – Rumor: The Golf Channel was reported to be in the Orlando area last week at two Ginn locations; Bella Collina and Reunion […]
The request has validity, but residents are strongly against it. Council members could lose no matter which way they vote. Palm Coast, Florida – May 23, 2009 – The Ginn-LA submittal of a Notification of Proposed Change (NOPC) to the Ocean Hammock Development of Regional Impact (DRI) seemed simple enough. The developer of luxury and […]
Over a month ago, I got a call from a reporter for the NY Times asking about Bobby Ginn’s Tesoro and Quail West bankruptcies. Geraldine Fabrikant’s enlarged article runs in tomorrow’s NY Times print e Palm Coast, Florida – May 23, 2009 – For the second time, local real estate developer, Bobby Ginn finds himself featured in […]
The proposed class action lawsuit is broad reaching. It includes parties to the entire transaction; sales, appraisal, loan origination, lending, and closing. Palm Coast, Florida – May 22, 2009 – The most broad reaching lawsuit against the Ginn Company to date was filed in the U.S, District Court for the Middle District of Florida on […]
CrossHarbor wins plush private resort with $115 million bid. Unsecured creditors will be paid before Credit Suisse sees any money. Palm Coast, Florida – May 19, 2009 – The Yellowstone Club, a millionaires-only private ski and golf community near Big Sky, Montana now belongs to Boston-based CrossHarbor. CrossHarbor had provided debtor in possession financing for the […]
For borrowers who are unable to retain their home under the Making Home Affordable Loan Modification Program, the loan servicer may consider a short sale or, if that is not successful, a deed-in-lieu Palm Coast, Florida – May 18, 2009 – Help is on the way for many homeowners who are facing foreclosure, thanks to […]
When supply (inventory) drops in a supply and demand market, it’s a positive indicator. At 1,499, Flagler MLS listed homes for sale is down 38% from Oct ’07 and 13.5% from only twelve weeks ago. Palm Coast, Florida – May 17, 2009 – Two key real estate market indicators continue to provide hope for the […]
LandMar faces a foreclosure in Jacksonville and Crescent shuts down construction of a nearly completed Tennessee office building. Palm Coast, Florida – May 15, 2009 – The recent announcement by Duke Energy that its real estate joint venture may file for bankruptcy raised eyebrows in Palm Coast, Florida where Crescent Resources and its local subsidiary […]