Over 550 million pounds of potentially contaminated drywall was imported into the U.S. from China since January 2006. That’s enough to build 36,000 new homes. Palm Coast, Florida – April 3, 2009 – Contaminated Infant formula, pet food, and lead paint on children’s toys Imported from China have raised health and safety alerts in the […]
Flagler County’s only Food Lion grocery store, located on SR 100, will be closed no later than April 15th. Palm Coast, Florida – April 2, 2009 – Food Lion is closing its only Flagler County grocery store effective "no later than April 15th." The food retailer has elected to not renew its lease which expires […]
Palm Coast and Flagler County’s efforts to bring new businesses to the area hampered by new Fed regulation. Palm Coast, Florida – April 1, 2009 – Economic Development efforts throughout the country have ground to a halt. Economic Development negotiations usually operate under a cloak of non-disclosure. Companies contemplating a move do not want their […]
The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.61 percent from 4.63 percent WASHINGTON, D.C. (April 1, 2009) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 27, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 1194.4, an […]
West Coast Investors, headed by Glenn Straub, closed the deal today to purchase Ginn-LA assets at Tesoro in Port St. Lucie, Florida for $10.9 million. Palm Coast, Florida – March 31, 2009 – Tesoro Club manager J.R. Congdon informed Tesoro Club members today that the chapter 7 (liquidation) bankruptcy sale of Ginn-LA assets closed today. The […]
The combination of vacation and investment home sales slipped to 30 percent of all existing and new home transactions in 2008 Washington, March 30, 2009 – The combination of vacation and investment home sales slipped to 30 percent of all existing and new home transactions in 2008, according to the National Association of Realtors®. […]
North Carolina Judge Blocks Wachovia Foreclosure in Lawsuit Involving Derivative Interest Rate Swap and Alleging Extortion, Fraud, Unfair and Deceptive Trade Practices. GREENSBORO, N.C., March 26, 2009 (PRNewswire via COMTEX) — A judge in Guilford County, N.C., today entered a preliminary injunction preventing Wachovia Bank, N.A., from foreclosing on a Greensboro shopping center owned by […]
The National Association of Realtors® name is being used as part of a property rental scam WASHINGTON, DC, Mar 28, 2009 (MARKET WIRE via COMTEX) – The National Association of Realtors® (NAR) name is being used as part of a property rental scam in which rental property is offered to consumers, who are led to […]
Jacksonville Beach land developer plans Development of Regional Impact (DRI) supporting 5,000 homes and 1,150,000 SF of retail, office, and industrial space. Palm Coast, Florida – March 27, 2009 – Jacksonville Beach developer Paul Fletcher will petition the City of Palm Coast to annex 5,216 acres of land at the headwaters of Pellicer Creek at […]
Fitch Bond Rating Agency gives Palm Coast’s Utility System Bonds an ‘A’ Rating. Palm Coast, Florida – March 26, 2009 – Considering all of the negative press about the local economy, the City of Palm Coast is proud to share some very good news for a change. Fitch Bond Rating Agency has maintained Palm Coast’s […]