Finance

  • WCI Moves Beyond Bankruptcy

    The Florida-based builder is paying off its bankruptcy debt and getting back to the business of building homes.

     

  • Editor's Notes: Hail and Farewell!

    With the final issue of BIG BUILDER, a heartfelt thanks to the home building community.

     

  • Comstock Adds a Cash-Rich Partner

    Comstock Homebuilding Companies, Inc. (NASDAQ: CHCI) said Wednesday it has formed a "strategic alliance" with SunBridge Capital Management, LLC, a private investment management firm supported by the Bainum family of Washington, DC with interests including Choice Hotels International (NYSE: CHH)...

     

  • Allan Merrill Named CEO of Beazer Homes

    Beazer Homes USA, Atlanta (NYSE:BZH) early Monday abruptly announced that Ian J. McCarthy, the company's president and CEO, had left the company. He is succeeded by CFO Allan Merrill, who was named president and CEO. The company said only that McCarthy "is leaving the company and has resigned from...

     

  • Alan Merrill Named CEO of Beazer Homes

    Beazer Homes USA, Atlanta (NYSE:BZH) early Monday abruptly announced that Ian J. McCarthy, the company's president and CEO, had left the company and its board. He is succeeded by CFO Allan Merrill, who was named president and CEO. The company said McCarthy "is leaving the company and has resigned...

     

  • PulteGroup's New-Orders New Math Helps Its Q1 Cause

    The company's change to its 2010 first quarter count improves the comparison to this year's first quarter immeasurably.

     

  • Toll's Gibraltar Buys Into $200M Loan Package

    Roughly seven months since Toll Brothers' subsidiary Gibraltar Capital and Asset Management closed on its first deal, the distressed asset acquisition and management unit is at it again. Toll Brothers management announced Thursday that the wholly owned subsidiary partnered with Deutsche Bank to...

     

  • Taylor, Monarch to Fetch Nearly $1 Billion

    TPG Capital, Oaktree Capital Management, and JH Investments have offered $955 million for Taylor Wimpey's Taylor Morrison and Monarch Homes in a deal set to close in May. Sheryl Palmer, Taylor Morrison president and CEO, tells

     

  • M.D.C. CFO Retires

    M.D.C. Holdings senior vice president and CFO Christopher M. Anderson has retired from the company effective Nov. 6, but will remain a consultant for another 90 days.

     

  • Editor's Notes: Joel H. Rassman, 1945–2010

    A brilliant career.

     

  • KB Names Third CFO in Two Years

    KB Home (NYSE:KBH), Los Angeles, on Thursday announced the hiring of its third chief financial officer in the past two years. He is Jeff Kaminski, who will join KB June 7 from the same post at Federal-Mogul Corporation, a Michigan-based automotive technology company.

     

  • Feature: Nowhere to Go But Up

    Private builders are finding ways to buy time until the housing crash is far enough behind for banks to lend again.

     

  • Texas Builder Finds Private Equity Partner

    LGI Homes forms land-buying joint venture with GoldenTree InSite.

     

  • Lennar Takes Stake in Distressed FDIC Paper

    Lennar Corp. (NYSE: LEN) late Wednesday said it had entered into a pair of structured transactions with the Federal Deposit Insurance Corpation involving a 40% stake in companies set up to hold distressed loan assets. Lennar said it would pay approximately $243 million for the stake. The two...

     

  • M.D.C.'s Strategies Proving Effective

     

  • KB CFO Leaves the Company

    KB Home, Los Angeles (NYSE:KBH) disclosed late Thursday in an 8-K filing with the Securities and Exchange Commission that its executive vice president and chief financial officer, Raymond P. Silcock, had left the company on Monday.

     

  • Judges Upend Bankruptcy's Traditional Rules

    Some judges are penalizing lenders they think acted irresponsibly in the housing boom, pushing them further back in the payment line.

     

  • Lyon Gets $206 Million Capital Infusion

    William Lyon Homes is tapping into $206 million from Colony Capital and Colony Financial, a real estate investment group, to restructure its debt and provide capital for general operations and potential land deals.

     

  • Mercedes Homes' Reorganization Plan Goes to Judge

    Proposal would give one major creditor, controlled by the Buescher family, all the stock in the newly restructured company.

     

  • Lennar's Sales Numbers Improve

    CEO says consumers' "abject pessimism" has been replaced with "sense of opportunity."

     
 
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