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Examples
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Mr. Greene, who has been CEO of St. Joe, a land-development company based in the Florida Panhandle, since 2008, capitulated in the wake of a hard-fought control battle between St. Joe's board of directors and management and its largest shareholder, Miami-based Fairholme Funds Inc. He stepped down as a director on Friday and will resign as CEO later this week.
A Pricey Departure as CEO Leaves St. Joe Robbie Whelan 2011
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The settlement, which has the backing of trustee Cynthia Nelson , is expected to form the basis of a Chapter 11 exit plan for South Edge, an off-balance-sheet company created by a handful of home builders and an affiliate of John Ritter 's Focus Property Group, a Nevada-based land-development company.
Inspirada Owner OK'd to Tap Loan From Builders Patrick Fitzgerald 2011
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Inspirada, a sprawling "new urbanist" housing development, was conceived in 2004 as a joint venture between several national builders, including Meritage, KB Home , Toll Brothers Inc. and Beazer Homes USA Inc. The builders banded together with a Nevada land-development company to form a joint venture known as South Edge LLC, and borrowed $535 million from a syndicate of lenders led by J.P. Morgan.
J.P. Morgan Sues Meritage in Nevada Land Spat Robbie Whelan 2011
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The fund's website states that it still sees Florida as ripe with land-development opportunities despite the housing crisis.
Developer Lassos Patience Maura Webber Sadovi 2011
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But the builder group, which also included Meritage Homes Corp., a Nevada-based land-development company and several smaller private builders, defaulted on the loan.
Home Builders to Settle Las Vegas Land Dispute Robbie Whelan 2011
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But the builder group, which also included Meritage Homes Corp., a Nevada-based land-development company and several smaller private builders, defaulted on the loan.
Home Builders to Settle Las Vegas Land Dispute Robbie Whelan 2011
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Commerce One, a San Francisco business-to-business software company, filed for bankruptcy in 2004; Mr. Gonzales is in the land-development business these days.
$49.9 Million Lake Tahoe Compound Being Offered as Individual Parcels 2011
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The amount of construction and land-development loans outstanding plunged 24% year over year to about $452 billion at the end of 2009, according to Foresight Analytics, compared with close to $630 billion at the market's peak in 2007.
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The bank failed because of significant losses within its construction and land-development loan portfolio, which grew rapidly from 2004 through 2006, largely due to 400-percent growth in construction loans.
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The bank failed because of significant losses within its construction and land-development loan portfolio, which grew rapidly from 2004 through 2006, largely due to 400-percent growth in construction loans.
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