Credit Suisse did not lend Bobby $675 million. They brought a consortium of about 50 private investors to the table. Palm Coast, Florida – August 29, 2008 – Bobby Ginn’s multi-billion dollar project in West End, near Freeport in the Bahamas is one of four Ginn properties potentially affected by the recent default by Ginn […]
Both web traffic and time on site were way up. 7 of 20 metros showing the greatest year-over-year increase were in Florida. Palm Coast, Florida – August 28, 2008 – Reporting the real estate industry today is like reporting the weather in Rochester, NY; "Mostly cloudy with intervals of partial clearing." No wonder the weather […]
Postponed by tropical storm, Fay, the sale was held last night. Palm Coast, Florida – August 27, 2008 – An absolute auction of a building lot in Tesoro, Bobby Ginn’s private golfing community in Port St. Lucie, was scheduled for August 19th. Tropical storm, Fay, caused a delay. The rescheduled auction was held on-site last […]
Report now shows all Flagler building lots sold and Condo sales now include developer sales as well as MLS. Palm Coast, Florida – August 26, 2008 – GoToby.com has expanded its "Recent Sales" reports. The condominium sales report now includes sales by developers as well as sales brokered through non-MLS members. The reports are updated […]
Improved benefits also aid Disabled Veterans in adapting homes Palm Coast, Florida, – August 25, 2005 – The Department of Veterans Affairs (VA) announced in Washington that it is raising ceilings on its no-down payment home loans from the current $417,000 to as much as $729,000. The increases are effective immediately under legislation recently enacted with […]
St. John River Water Management District permitting process has been holding up Palm Coast’s plans to rehab the Palm Harbor Golf course. Not any longer. Palm Coast, Florida – August 22, 2008 – Palm Coast Friends of Golf reported to their members today that construction bids for the course renovation will go out shortly. Here […]
Enterprise Flagler and Whitney Lab for Marine Bioscience hoping for Marineland lab expansion with help from Chinese investors. Palm Coast, Florida – August 22, 2008 – Following an earlier visit to Flagler County by a delegation of Chinese business interests, Enterprise Flagler led a May visit to China. Dr. Peter Anderson, professor and director of […]
When developers turn over control of associations, problems often occur. Bankruptcy compounds the problems. Palm Coast, Florida – August 21, 2008 – WCI Communities passed control of the Hammock Dunes Savona condominium to condo owners, as required by Florida law. On July 30, 2008, after much delay, WCI wrote an $85,000 check to the association […]
It’s taking too long to be a simple restructuring of a credit vehicle. Palm Coast, Florida – August 20, 2008 – (Updated August 26) It’s been seven weeks since two Ginn Company affiliated entities, Ginn-LA CS Borrower, LLC and Ginn-LA Conduit Lender, Inc., defaulted on a $675 million credit facility with Credit Suisse. (Note: the LA […]
Mezzaluna Pizzeria hosts live entertainment at European Village piazza. Palm Coast, Florida – August 19, 2008 – Continuing his efforts to revitalize Palm Coast, Florida’s European Village, Mezzaluna Pizzeria owner, Mike DiBitetto, presents another night of live entertainment. This Thursday (Aug 21) the piazza will be center stage for karaoke. As singers perform, their images will […]