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There are 7 blog posts about 'developer'

Now what: Your builder is bankrupt

Reporter Vanessa Gregory headed up to Tehachapi this morning to catch up with residents of Alta Estates. The developer of their new subdivision, Empire Land (aka Prestige Homes and numerous other entities) filed for bankruptcy April 25. The Ontario homebuider's attorney told us the company will...

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Dunmore bankruptcy, local fallout

Lawyers should do OK in the real estate bust if the Dunmore Homes bankruptcy is any indication. The Sacto developer's downfall (it has turned into a liquidation case) has created a nasty swamp of legal action. Small companies, however — including many in Bakersfield — have ...

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Development doldrums

In case you missed it Sunday, we ran an update on City in the Hills: http://www.bakersfield.com/... We hired an airplane for overhead photos. While we had a photographer up there, we shot some other sites around Bako as well (McAllister Ranch, for one). Look for those shots in...

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$35 mill default

Sacto developer Reynen & Bardis defaulted on a $35 million construction loan Tuesday. Here's the story link, including links to previous coverage: http://www.bakersfield.com/... At the moment this is our top-read story online...hmm...which...

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Where have all the toasters gone?

A Californian "Oddly Enough" presentation Amidst the onslaught of mechanic’s liens currently flooding the county recorder’s office — most submitted by subcontractors seeking payment for work and supplies on construction projects — is an unusual one from...

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Homebuilder woes

• The New York Times has a feature today on longtime Sacramento developer Dunmore Homes, which is now tanking (including its Kern County projects): http://www.nytimes.com/2008... • The Sacto Biz Journal has a story on...

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BIG foreclosure today...SunCal to Lennar

More folks than usual (some even wearing nice clothes!) showed up at the daily City Hall auction this morning to see the SunCal foreclosure go down. SunCal's debt to Lennar on 515 acres in Shafter had reached about $86 million (with interest and fees). Bidding opened at $10 million. The...

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