Certified buildings outperform peers in sale, rental and occupancy rates Palm Coast, Florida – August 7, 2008 – Two studies, one by the New Buildings Institute (NBI) and one by CoStar Group, have validated what the green building community has known all along: third party certified buildings outperform their conventional counterparts across a wide variety of […]
They spend our money and oversee the education of our next generation. You should care who they are. Try to be there. Palm Coast, Florida – August 6, 2008 – Because of the importance of this year’s Flagler County School Board primary election race, the Flagler Homebuilders Association, the Flagler County Chamber of Commerce & […]
Immediate Use of $50 million in cash collateral is approved for Hammock Dunes condominium developer. Palm Coast, Florida – August 6, 2008 – A US Bankruptcy Court approved a relief package for Bonita Springs-based developer, WCI Communities according to a statement released by the company Tuesday. The ruling by the Federal Bankruptcy Court in Wilmington, […]
Palm Coast City Council gives approval for second (and final) reading of the new Wal-Mart site plan. Palm Coast, Florida – August 5, 2008 – Given the history of problems Wal-Mart has faced getting approval to build new stores across the country, tonight’s Palm Coast City Council meeting was anti-climactic. With only one public comment, […]
WCI Communities, along with about 130 of its subsidiaries filed today for reorganization after the homebuilder failed to raise more funds. Palm Coast, Florida – August 4, 2008 – After turning down a tender offer of $22 per share only 15 months ago, Florida real estate developer WCI Communities filed today for Chapter 11 bankruptcy […]
Before TJ Maxx opened their doors, early Grand Opening shoppers were lined up back to the SuperTarget. Palm Coast, Florida – August 4, 2008 – The giant sucking sound of sales tax dollars being pulled back into Flagler County was evident yesterday as another "big box" retailer opened its doors in Palm Coast Landing, the […]
The Palm Coast, Florida developer of Hammock Dunes condominiums is in default on several loan agreements. Palm Coast, Florida – August 1, 2008 – What a difference a year makes. Last year, WCI Communities turned down a tender offer of $22 per share for the company. The company recently reported a net loss of $100.2 […]
Another entertainment night at European Village – this one sponsored by Mezzaluna Pizzeria Palm Coast, Florida – August 1, 2008 – In a continuing effort to enliven the European Village atmosphere, Mezzaluna Pizzeria is sponsoring a DJ-Oldies night tomorrow night, Saturday, August 2nd. The free entertainment begins at 7:30 pm and runs till 9:30 pm. […]
Ginn President, Robert Gidel issues an interim statement as negotiations continue in this ongoing story. Palm Coast, Florida – August 1, 2008 – Two Ginn Company affiliated entities failed to make payment on both principal and interest payments on first and second-lien debt due June 30, 2008. (see story) The lender granted a 30-day forbearance […]
Much maligned for the lack of communication to property owners, Bobby Ginn hosts a members only conference call. Palm Coast, Florida – July 30, 2008 – Amid a two-front war battling credit issues and lawsuits, Bobby Ginn, chairman and CEO of Ginn Clubs and Resorts, went on a member relations offensive when he hosted a […]