Remaining jobs may be restructured after one month shut down. Palm Coast, FL – June 27, 2008 – Sea Ray Boats, owned By Brunswick, previously announced that they would furlough about 450 production workers at their Flagler plant for the entire month of July. The spouse of one of those workers told me that Sea […]
Nationwide Insurance hopes the new policy would forestall litigation after a major disaster such as Katrina. Palm Coast, FL – June 26, 2008 – Nationwide Insurance says it wants to offer both wind and flood insurance under one policy. Hundreds of lawsuits were filed after Katrina dealing with traditional insurance policies which exclude damage from flooding. It’s […]
GreenPointe, the new company, will create eco-friendly, sustainable communities across the Southeast US. Palm Coast, Florida – June 26, 2008 – A press release today announced the creation of a new real estate development company, GreenPointe Holdings. GreenPointe will be headed by Ed Burr, founder of LandMar Group, another development firm from which he recently […]
City Centré and Imagine School begin construction Palm Coast, FL – June 25, 2008 – Two more projects are commencing construction within Town Center at Palm Coast. The two commercial real estate projects, City Centré and Imagine School, total nearly $15 million in new construction. City Centré will be a 51,793 square foot three-story […]
City Council and City Manager must give depositions in Ryan’s Landing Lawsuit Palm Coast, Florida – June 24, 2008 – Another decision in the legal dispute between local real estate developer, SeaGate Homes and the City of Palm Coast favors SeaGate. The lawsuit is the result of an unfavorable land use decision by the city […]
What happens to all the new property tax revenue generated within a CRA? Palm Coast, FL – June 23, 2008 – Flagler County has four Community Redevelopment Areas; one each in Marineland, Flagler Beach, Bunnell, and Palm Coast. The Palm Coast CRA is massive in size and scope, encompassing most of Town Center as well […]
Talks revealed in regulatory filing on Friday Palm Coast, FL – June 23, 2008 – WCI Communities, Bonita Springs based real estate developer with condominiums in the Palm Coast luxury oceanfront community of Hammock Dunes, is reported to be in discussions with chairman and major stockholder, Carl Icahn. In a regulatory filing on Friday, Icahn […]
If real estate had a beta index to measure volatility , Palm Coast’s beta would be high. And Palm Coast housing prices peaked sooner and reached bottom earlier than the rest of the market. Palm Coast, FL – June 21, 2008 – The volatile real estate market in Palm Coast and Flagler County, Florida has […]
Real estate fraud fostered by volatile markets and lax oversight. Palm Coast, Florida – June 20, 2008 – A GoToby.com article posted in January ’07 described the target rich environment for mortgage and real estate fraud. Since then, the number of reported frauds has risen sharply. The reports of real estate fraud will continue to […]
Good news – the units sold to end users, not investors Palm Coast, Florida – June 20, 2008 – Palm Coast, Flagler County, FL witnessed its first successful multiple unit real estate auction Thursday. On the auction block were 30 commercial/light industrial warehouse condominiums in the Palm Coast Commercial Center, located off Hargrove Grade west […]