The SuperTarget store in Town Center will open before the Palm Coast Landing Grand Opening Palm Coast, Florida – July 10, 2008 – According to the daughter of a Target employee, the new SuperTarget at Town Center will open at the end of July. A "soft opening" for friends and family is scheduled for Wednesday, […]
Company risks bankruptcy if $125 million in convertible notes are not repaid August 5th. Palm Coast, Florida – July 9, 2008 – Florida real estate developer WCI Communities faces a debt crisis on August 5th when $125 million in convertible notes are due to be repaid. Industry sources say that the company does not have […]
Festivities planned for opening of Town Center’s big box retail complex anchored by a SuperTarget Palm Coast, Florida – July 8, 2008 – The long anticipated Grand Opening of Palm Coast Landing has been set for August 9th. Palm Coast Landing is the "big box" retail plaza for Town Center, located on the north side […]
The pendulum is starting to swing the other way. Palm Coast, Florida – July 4, 2008 – The first half of 2008 has passed. How did the Palm Coast, Flagler County, Florida housing market perform in the first six months? What’s the prognosis for the months to come? I’ll attempt to answer both questions in […]
Signaling cash flow woes, Ginn Clubs and Resorts missed principal and interest payments on its first- and second-lien debt. Palm Coast, Florida – July 2, 2008 – Well funded private developers are not immune from the cash flow problems already exhibited by higher profile public companies like WCI Communities. On Monday, Palm Coast, Florida’s largest […]
Club membership reciprocity is formalized in a special announcement to members. Palm Coast, Florida – July 1, 2008 – Real Estate developer Bobby Ginn rolled out the long awaited Ginn One Club with a special announcement to members. The new plan gives Ginn Club members in good standing (dues paying) reciprocal privileges at other Ginn […]
Move follows success of price reductions of several Hammock Beach Ocean Towers condos Palm Coast, Florida – June 30, 2008 – An Orlando area GoToby.com reader reports that the Ginn Company has reduced prices on over 100 villas surrounding the water park in its Reunion Resort near Orlando’s Disney World. He tells me that prices […]
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 […]